Qualified Opportunity Zone Fund

Local Grown Salads Baltimore Opportunity Zone Fund

Fund Summary

Local Grown Salads Opportunity Zone Fund, LLC intends to purchase properties located in Opportunity Zones placing Indoor Vertical Farms in those properties. The Fund is intending to finance the Properties and Farms with investments from investors according to the rules of the 2017 Tax and Jobs Act.

The Indoor Vertical Farming technology requires only 15,000 square feet per farm and 14” to the joists. The Farm is ideally suited to reuse factories and buildings that are abandoned or under-utilized.

LGS creates a new sustainability standard for growing food and creating ready-to-eat salads by exploiting OZs and leading edge AgTech. Indoor Vertical Farming represents a whole new technology play changing the world of food.

Highlights of the Fund:

  • Will own 3 properties and the Indoor Vertical Farms tenanted in the properties

  • 8% Pref Return

  • Targeting a 19.5% IRR

  • Impact investment: Creating 75 Jobs, Solving Food Deserts

  • Management: 1.75%

  • Performance fee: no Catch-up, 80/20 Carried Interest

Each Farm helps the local urban community by:

  • Creates 25 jobs

  • Addresses the Food Desert problem by providing Organic, healthy food at low cost

  • Addresses health problems by providing tasty healthy herbs, greens, and salad vegetables

  • Creates an environment for food entrepreneurs with the necessary raw materials

Indoor Vertical Farming helps steward the environment by:

  • Ensuring no Nitrogen, Phosphorus enters the water system

  • Protects species from accidental spraying of pesticides

  • Reduces food waste caused by inefficient delivery systems

  • Enhances food utilizations by extending the after-harvest shelf life

  • Reduces the Carbon footprint of food delivery

Each Farm produces:

  • 60 different vegetables including leafy greens, herbs, and fruits and vegetables like strawberries, peas, beans, cucumbers, cherry tomatoes

  • Organic, Pesticide free, Herbicide free, and GMO free product

  • 1,500,000 lbs of per year

  • 6,000,000 5oz packages of Ready-To-Eat Salads

  • Year-round, Farm to Fork within 2 hours

  • Meets and attempts to exceed the FSMA, SQF, Kosher standards

Fund Data

Fund ManagerLocal Grown Salads
Asset ClassesReal Estate, Business
Property TypesIndustrial, Farmland
Fund Size ($)$10,000,000
Minimum Investment ($)$50,000
Fund StatusOpen
Date AddedNov 29, 2018 (1 year ago)

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