January 18, 2019
Portland, OR-based Sortis Holdings Inc. launched a $100-million Opportunity Zone fund focused on investments in the Western U.S., and specifically the Northwest. Sortis Opportunity Zone Fund was created to take advantage of the Tax Cuts and Jobs Act passed in December 2017.
Sortis’ Paul Brenneke says, “The Sortis Opportunity Zone Fund will allow accredited investors to take advantage of our unique investment strategies, while postponing, reducing and eliminating expensive capital gains tax they would otherwise have to pay.”
The fund will include investments in retail, office, hospitality and multifamily developments and re-developments, as well as qualified businesses located in opportunity zones. Sortis plans to deploy several proprietary strategies that were designed specifically to capitalize on the unique opportunities created by this new law. It will follow the same footprint of the company’s successful lending fund, the Sortis Income Fund.
For comments, questions or concerns, please contact Dennis Kaiser