New York-focused RXR already has projects that are a fit for its opportunity zone fund, in part because it has already selected sites for development through vehicles such as RXR New York Metro Emerging Sub-Market Venture LP, which has focused on areas that have suffered from under-investment, and RXR Real Estate Value Added Fund III … Read more
Wefunder’s American Opportunity Fund invests in real estate and small businesses in qualified Opportunity Zones that project to offer an excess of 10% IRR. Wefunder typically favors preferred stock investments that feature annual dividends, located in major cities such as Oakland and Los Angeles.
The Virtua Opportunity Zone Fund I will invest in rental housing (apartments and single family rentals), hospitality, office/industrial, and preferred equity opportunities in the Southeast, Texas, and Southwest regions. Development and heavy re-positioning are the primary strategies of the Fund — the “Substantially Improved” requirement under the Tax Reform Act mandates substantial capital improvements.