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.
The J.A. Green Development Corp. has broken ground on JAG Logistics Center at DIA, an industrial park just south of Denver International Airport in Aurora, Colorado.
The Economic Development Administration (EDA) has awarded a $4.8-million grant to Santa Fe College in Gainesville, Florida, to help construct and expand the college’s Center for Innovation and Economic Development (CIED) at the Blount Center. The project is located in an Opportunity Zone and will be matched with more than $1 million in local funds.
Rapper Clifford “T.I.” Harris and radio host Charlamagne Tha God paid tribute to fallen rapper Nipsey Hussle on Capitol Hill this month while promoting efforts to draw OZ dollars to black communities around the country.
California Gov. Gavin Newsom has unveiled a plan to bring his state’s laws into conformity with the federal Opportunity Zone program — but some industry-watchers say they want his proposal to be less restrictive to drive more OZ investors to the golden state.
Workers have begun tearing down an old parking garage overlooking Market Square Park in Houston to make way for The Preston, a 46-story luxury high-rise that’s poised to become the downtown area’s tallest residential tower.
The Pearl Fund is launching its fund with a focus on high-potential opportunity zone businesses that can yield 10 times or more in returns.