OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
List of Newark, New Jersey Opportunity Zones & OZ Funds
The city of Newark, New Jerseyhas 15 designated Opportunity Zones.
In total these Opportunity Zones have a population of approximately 54,000. That represents 19% of the city’s total population of 280,000.
The median household incomefor Newark Opportunity Zones ranges from approximately $15,000 to $55,000.
The adjacent map shows all Opportunity Zones in Newark. Click on any Opportunity Zone for additional information.
List of All Newark OZs
The table below lists all 15Opportunity Zones in Newark. The first two rows reflect average values for the state of New Jerseyand the Opportunity Zones in the state.
| Name | County | Median Household Income | Below Poverty Line | Median Home Value | Edu High School | Median Age |
|---|---|---|---|---|---|---|
| All of New Jersey | n/a | $86K | 9% | $349K | 90% | 40 |
| New Jersey OZ Average | n/a | $37K | 33% | $247K | 77% | 33 |
| 34013001400 | Essex | $51K | 28% | $206K | 87% | 33 |
| 34013004100 | Essex | $20K | 42% | $172K | 85% | 25 |
| 34013004802 | Essex | $15K | 41% | $186K | 66% | 49 |
| 34013005000 | Essex | $26K | 42% | $295K | 77% | 34 |
| 34013006800 | Essex | $55K | 29% | $368K | 78% | 31 |
| 34013007400 | Essex | $53K | 20% | $282K | 69% | 37 |
| 34013007501 | Essex | $21K | 49% | $285K | 69% | 31 |
| 34013007502 | Essex | $38K | 34% | $280K | 71% | 34 |
| 34013008000 | Essex | $48K | 23% | $344K | 62% | 34 |
| 34013008100 | Essex | $21K | 32% | 76% | 43 | |
| 34013009600 | Essex | $40K | 30% | $285K | 80% | 28 |
| 34013013100 | Essex | $42K | 31% | $184K | 92% | 28 |
| 34013013300 | Essex | $29K | 30% | $151K | 82% | 29 |
| 34013022900 | Essex | $45K | 35% | $164K | 83% | 27 |
| 34013023100 | Essex | $43K | 32% | $254K | 80% | 34 |
New Jersey OZ Funds
There are 6QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify New Jerseyas a target market. Additional OZ funds may also invest in New Jersey; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| Golden Door Asset Management Opportunity Fund | Business | $100M | |
| KindCare Assisted Living | Business, Real Estate | Residential, Senior Housing | $30M |
| Normandy Opportunity Zone Fund LP | Real Estate | Commercial, Industrial, Mixed-Use, Office, Residential | $250M |
| Saxum Opportunity Zone Fund | Real Estate | Industrial, Office, Residential | $100M |
| Shorewood Opportunity Zone Fund | Real Estate | Affordable Housing, Mixed-Use, Residential | $250M |
| Strategic Rivermont OZ Fund, LLC | Real Estate | Commercial, Energy Development, Hotel, Mixed-Use, Residential, Stadiums and Arenas, Student Housing | $100M |