How GMP Benefits Shovel Ready Projects

Navigating construction costs can be challenging, but by locking in a Guaranteed Maximum Price (GMP), it allows you to keep your project on track and within budget. This is what makes our newest offering, 60-Unit OZ Workforce/Affordable Housing in Los Angeles, more uniquely positioned to deliver results. 

Pinnacle Partners and Housing Diversity Corporation (HDC) recently hosted a webinar featuring Jeff Feinstein, Managing Partner of Pinnacle Partners, Brad Padden, Founder & CEO of HDC and Craig Haveson, Founder & President of STS Construction Services to discuss why a GMP matters and how it helps to provide more stability, especially during uncertain times. 

Watch our video below as Craig explains why a GMP matters

Additionally, here are the highlights of our 60-unit OZ Workforce/Affordable housing offering designed to meet the growing demand for affordable housing in Los Angeles:

• Rent affordability: Units are priced $600–$700 below market rates (competitors charge $3,000 for studios)
• Proven track record of success: Pinnacle Partners and HDC have partnered on other projects and delivered results (Case Study: Vida DTLA) 
• Shovel-ready: Fixed construction costs and predictable timelines 
• This project sits in an Opportunity Zone (OZ), offering investors:
  • 10–12% IRR 
    • Additional 4–6% from OZ tax advantages (deferral, depreciation, exemption)

This opportunity may be ideal for:

• Investors with capital gains (realized in the last 180 days or planned).
• Those seeking tax-efficient, socially impactful projects.

Learn more about our offering by visiting us here or contact us using the form below.

Past performance of Pinnacle Partners OZ Funds is not indicative of future results. There can be no assurance that the fund’s objectives will be achieved or that cash distributions will, in fact, be made or, if made, whether those distributions will be made when or in the amount anticipated or that certain tax benefits will be available to investors. An investment in the fund is illiquid, speculative, and will involve significant risks. It is only offered to suitable and qualified investors. Full details about the fund and its associated risks can be found in the fund offering documents. 

Nothing in this blog post should be construed as tax advice.  Please confer with your tax adviser to determine if an investment in an OZ fund is right for you.