In an effort to bring together savvy investors with high-growth start-up companies, the Verte Opportunity Zone Fund has been established to raise up to $100 million.
Hall Labs, the Provo, Utah-based research and development hub known for creating the world’s first man-made diamond, is giving Opportunity Zone investors a chance to buy into a portfolio of start-ups created to commercialize the lab’s innovations.
Sage Oak Assisted Living and ANG Development Group have embarked on a joint venture to build a $17-million assisted living and memory care campus in Denton, Texas, located in an Opportunity Zone.
Virtua Partners is leveraging Opportunity Zone capital for a new $20-million multifamily development in Tempe, Arizona, in a deal that combines Opportunity Zone (OZ) benefits with local urban revitalization incentives.
New York’s EquityMultiple is bringing its crowd-funded real estate investment model to the Opportunity Zone space with a $2.4 million investment in an Arizona industrial complex.
Leading global alternative asset manager Highmore has unveiled a real estate Opportunity Zone fund with a $200 million targeted capacity. The fund was launched in the first quarter of 2019.
Walker & Dunlop Inc. has provided a $21,086,700 construction loan for the Kodak Crossing project in Kodak, Tennessee. The new multifamily property will be developed by VITA Development Group, Inc. in Sevier County, a designated Opportunity Zone census tract.
Investor Sixty West Funds and developer Lucror Resources have chosen Motto by Hilton to anchor Waldo’s Old Fourth Ward, a $80 million mixed-use development taking shape in Atlanta’s Old Fourth Ward neighborhood.
Fifteen months ago, Harris Bay managing director Jake Harris had no idea what the Opportunity Zone program was — but now his private-equity group is embarking on a major OZ development on the San Antonio Riverwalk, and plans to focus on OZ projects in San Antonio and elsewhere for several years to come.
The Rockefeller Foundation has launched a $5.5 million initiative to help U.S. cities attract private investment in economically-distressed communities through Opportunity Zones.
UpperCross Development Group and Beucler Properties have closed on Michigan City’s first Opportunity Zone project.