26.6 C
Houston
Tuesday, July 14, 2020

DealPlacement crowdfunding platform launches $5B Opportunity Zone fund

Must Read

Warren Buffett’s grandson and the art of Opportunity Zone social impact investing

  Howard W. Buffett, through his advisory firm, has developed a tool that measures an Opportunity Zone investment’s...

Jim Sorenson & Patrick McKenna: Investing for Impact in Opportunity Zones

Can Catalyst Opportunity Funds serve as both a counterexample to the wave of negative OZ publicity and...

“It’s all working”: Trump lauds Opportunity Zones during State of the Union

  Comments come weeks after the Treasury Department launched an inquiry into the controversial tax incentive program.

 

DealPlacement says it will focus on “up-and-coming metro areas.”

A crowdfunding platform is piling into Opportunity Zones.

DealPlacement.com is launching a $5 billion fund that will target new developments and redevelopments in small and mid-market designated Opportunity Zones, the Texas-based firm said Monday.

The firm has yet to specify which cities across the U.S. it is looking to place investor capital. However, the targets do appear to be major gateway markets.

Jean-Benoit Vieyra introduces DealPlacement.com – the first crowdfunding platform for the emerging OpportunityZone market.

“These markets are up-and-coming metro areas with population and job growth rates that, in many cases, are outpacing larger 24-hour cities such as New York and San Francisco,” said DealPlacement’s Founder, Jean-Benoit Vieyra.

The fund will be managed through Viss Advisory Trust, the company’s registered trust advisory service that administers real estate endowments for its clients.

A number of Opportunity Zone-related funds have launched over the last year and a half, seeking to capitalize on the program that provides long-term investors significant tax benefits for pouring capital into designated regions, most of which are distressed.

Vair Capital Holdings and Viss Ventures are among the firms that also launched massive Opportunity Zone funds for projects across the country.

DealPlacement said it also has raised equity on its marketplace for six projects located in Opportunity Zones. Since its launch in October 2019, the firm said it has originated over $11.6 billion in qualified Opportunity Zone real estate, energy, infrastructure, and community development projects across the country.

- Advertisement -
- Advertisement -

Latest News

Warren Buffett’s grandson and the art of Opportunity Zone social impact investing

  Howard W. Buffett, through his advisory firm, has developed a tool that measures an Opportunity Zone investment’s...

Jim Sorenson & Patrick McKenna: Investing for Impact in Opportunity Zones

Can Catalyst Opportunity Funds serve as both a counterexample to the wave of negative OZ publicity and a model for OZ fund...

“It’s all working”: Trump lauds Opportunity Zones during State of the Union

  Comments come weeks after the Treasury Department launched an inquiry into the controversial tax incentive program. President Donald Trump...

The obscure reason banks will finally embrace Opportunity Zones

  Looming changes to 1970s-era law could open the lending floodgates. Banks may soon have the incentive they need to...

How Technology Can Enable Opportunity Zone Deal-Making

Opportunity Zones are one of the hottest topics in commercial real estate right now. This isn’t surprising considering the market is estimated to be...
- Advertisement -

More Articles Like This

- Advertisement -