OZ Pitch Day - June 13, 2024
OZ Pitch Day - June 13, 2024
Community activation may be the key to long-term success of Opportunity Zones. Chris Cooley, CEO of OZworks Group, joins episode #200 of the Opportunity Zones Podcast to discuss OZ advocacy, why community-led OZ projects are crucial to the long-term success…
Urban Catalyst announced that it has raised more than $100 million for its Urban Catalyst Opportunity Zone Fund II. Their second OZ fund furthers the construction of new ground-up projects in downtown San Jose by funding ICON/ECHO, a property that…
It’s incredibly easy for Qualified Opportunity Fund managers and limited partners who invest in such funds to get tripped up by many of the novel complexities that arise from the statute and regulations dictating Opportunity Zone investing. Andrew Gradman, a…
Chicago-based Cresset announced that it has closed its second OZ fund after raising $655 million in equity, and is immediately launching a third fund. Cresset had previously raised $465 million in its first OZ fund, launched in 2018, bringing the…
Multifamily is the most popular asset class for Opportunity Zone investors. According to the latest Qualified Opportunity Fund survey data from Novogradac, approximately 80% of all QOFs have exposure to residential real estate. Scott Hawksworth, co-founder of MultifamilyInvestor.com, joins the…
With stocks and bonds trending downward as of late, record amounts of money are pouring into alternative investments, including Qualified Opportunity Funds. Andy Hagans, co-founder of AltsDb, joins the show to discuss where Opportunity Zones fit into the broader alternative…
Capital Square’s 80-unit multifamily property in Richmond, Virginia has reached 97% occupancy just four months after completion. The INK property, which includes approximately 80,000 square feet of residential space and 1,900 square feet of retail space, is the first of…
The New York Senate voted this week to decouple the state’s capital gains rate from the Opportunity Zone incentive, a move that has been widely anticipated since S.B. 6800 was introduced last year. The measure passed the Senate 44-17 without…
Opportunity Zone reform legislation, social impact, and fundraising trends were hot topics at last month’s Novogradac OZ Conference in Long Beach, California. Ashley Tison, co-founder of OZ Pros, joins the show live on-site to discuss where the Opportunity Zone program…
EJF Capital has secured a $67 million construction loan from Synovus Bank for its multifamily development in Nashville’s Metrocenter District. The project is located at the old Watkins College campus in north Nashville. Watkins College merged with Belmont University in…