Pinnacle Partners launches new OZ investment fund

Pinnacle Partners Launches $100 Million Opportunity Zone Investment Fund

A subsidiary of leading Opportunity Zone investment firm Pinnacle Partners, in partnership with Opportunity Zone advisory firm Javelin 19 Real Estate, has launched Pinnacle Partners Opportunity Zone Fund VIII, a highly curated multifamily Opportunity Zone (OZ) fund investing in a minimum of four select real estate projects in Opportunity Zones in emerging U.S. markets, such as Denver, Bozeman, Nashville, Salt Lake City, Phoenix, Austin and Dallas. The Fund is targeting $100 million in investments.

Created with the Tax Cuts and Jobs Act of 2017, Opportunity Zone tax incentives spur economic growth and job creation in communities while providing investors with a series of tax incentives, including deferral of rollover of capital gains of any kind until 2026, a 10% discount on the capital gains tax due in 2026 if the investment is made by December 31, 2021, and elimination on post-investment gains if the investment in the fund is held for 10 years.

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