April 16, 2020
Clearwater, FL-based Opp Zone Capital, LLC launched the OZC – Southern US RE QOF Qualified Opportunity Fund and is seeking accredited investors for mixed-use, multifamily, self-storage and hotel development in the Southeast and Southwest United States. Market focuses include Mesa, AZ, Tampa, San Antonio, Houston, and Atlanta. The fund is authorized to raise $40 million for opportunistic opportunity zone acquisition.
The hospitality acquisition strategy will focus on projects located in secondary and tertiary cities in the Southern U.S. that are anchored by major universities and hospitals, with trends that favor an increase in future tourism.
The self-storage site acquisition strategy will focus on secondary and tertiary cities in the Southern U.S. The multifamily site acquisition strategy will focus on secondary and tertiary cities in the Southern U.S.
Due to Covid-19; the Internal Revenue Service extended the deadline to July 15, 2020 for Opportunity Zone taxpayers who incurred a capital gain and had to make an investment into a Qualified Opportunity Fund within 180 days.
For comments, questions or concerns, please contact Dennis Kaiser