“Roughly 8,700 certified opportunity zones are spread across the country, including almost the entire island of Puerto Rico. According to the Urban Land Institute, these are markets with job and population growth rates that exceed the national average — two key ingredients that fuel the underlying demand driving new development.
So far, the best QOF investment opportunities we’ve seen are developments that were already in their planning stages prior to the announcement of opportunity zones.”
Sixty West has developed more than 150 real estate projects, with a history of success inclusive of over $1 B of tax equity raised to support more than $2 B in related projects.
Currently, Sixty West Funds offers the opportunity to benefit from the Opportunity Zone Program through the Old Fourth Ward Opportunity Fund which will debut office, retail, and flagged hotel options to the district. The Old Fourth Ward mixed-use development was planned prior to the release of Opportunity Zone designations, and will act as Atlanta’s debut OZ project. The development is a collaborative effort between Sixty West and Lucror Resources, notable for their redevelopment of Atlanta’s FlatironCity.
Read the entire FORBES article HERE.
Learn More about the Old Fourth Ward Opportunity Zone Fund, and the Sixty West Funds development team driving the effort HERE.