News

OpportunityDb will host OZ Pitch Day Spring 2023 on Thursday, March 23rd, beginning at 10:00 AM Eastern Time. Silicon Valley OZ fund manager Urban Catalyst is the Title Partner for this event. This will be…

USG Realty Capital has announced the addition of a 176-unit multifamily development in Tacoma, Washington to its portfolio of Opportunity Zone projects. The Market Square Apartments will be located near the Greater Tacoma Convention Center…

Revitate has made an investment from its Impact OZ Fund 2022 into Victory Logistics District, a 4,300 acre industrial development located in Fernley, Nevada. “This community is the perfect location for our investment, both as…

Qualified Opportunity Funds tracked by Novogradac raised $9.68 billion in equity in 2022, setting a new record for the largest single-year total in Opportunity Zones history. As of December 31, 2022, Qualified Opportunity Funds participating…

RevOZ Capital announced this week that it has successfully recapitalized its San Bernardino Medical Center project, and will be making a special distribution to investors. Construction of the facility, which encompasses more than 11,000 square…

OpportunityDb will host OZ Pitch Day Fall 2022 on Wednesday, November 9th, beginning at 10:00 AM Eastern Time. Silicon Valley OZ fund manager Urban Catalyst is the Title Partner for this event. This will be…

Pinnacle Partners announced plans to develop a new multifamily housing project in an Opportunity Zone in Denver, Colorado. Pinnacle is providing the LP equity for the deal, with Mortenson Development serving as the developer. The…

According to new data from Novogradac, equity raising by Qualified Opportunity Funds was largely flat from Q2 to Q3, but the QOFs that they track are still on pace to exceed $10 billion for the…

Grubb’s Link Apartments Opportunity Zone REIT announced this month the addition of five multifamily developments in the Los Angeles area. In aggregate, the projects will add more than 650 units of housing to the area.…

Four Points Funding has launched its fifth Qualified Opportunity Fund (QOF), with the firm’s first four funds having invested in 17 OZ projects totaling $175 million of equity and over $200 million of total project…

USG Realty Capital has broken ground on a 76-unit multifamily development located in a Milwaukee Opportunity Zone. The project, known as Elevation 1659, is scheduled for completion in September 2023. The site for the development,…

EJF Capital and Chance Partners have broken ground on The Jack on Beach, a multifamily project that will consist of four buildings and a total of 295 units in Jacksonville, Florida. The Jack will be…

Griffin Capital has completed a successful recapitalization of its Laurel Apartments in East Austin, and announced a special distribution to investors in its Qualified Opportunity Fund. Laurel Apartments is a 300-unit complex, which was developed…

According to new data from Novogradac, capital raising by Qualified Opportunity Funds slowed in the second quarter of 2022, compared to Q1, as broader markets slumped and inflation hit four-decade highs. As of June 30,…

Revitate has launched fundraising for its Impact OZ Fund 2022, marking the fourth Qualified Opportunity Fund (QOF) led by co-founders Alex Bhathal and Lisa Merage. The new fund will focus on multifamily and industrial projects…

OpportunityDb is set to host OZ Pitch Day Summer 2022 tomorrow, July 28th, beginning at 10:00 AM Eastern Time. Silicon Valley OZ fund manager Urban Catalyst is the Title Partner for this event. It will…

Capital Square announced that it has broken ground on its ROOST Apartment Hotel project in Charleston, South Carolina, targeting a completion of construction in approximately one year. The project, located at 529 King Street in…

Opportunity Zone investment firm Pinnacle Partners is partnering with Spectrum Development Solutions on a 160-unit apartment building in Spokane’s University District. The four-story building will have a footprint of more than 100,000 square feet and…

A 240-unit multifamily community known as Veterans Victory in Colorado Springs, CO has received equity investments from Tocqueville Asset Management and CapZone Impact Investments. The Opportunity Zone development includes over 300,000 square feet of Class…

After raising $630 million in one of the largest OZ funds to date, GTIS Partners has announced the launch of its second Qualified Opportunity Fund (QOF). The GTIS Qualified Opportunity Zone Fund II will be…

Parkview Financial has provided a $22.5 million loan for the redevelopment of a mixed-use project located in Birmingham, Alabama. The five-story building, which has been empty since being vacated by the American Red Cross in…

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…

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,…

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…