Please join our team for the last Pinnacle Partners OZ Fund VIII update webinar before the final closing on June 30th 2024!
Importantly, we will discuss the recent addition of the fifth and final Fund portfolio project, a garden-style workforce housing development in Northeast Austin, TX. We will also provide construction and leasing updates for the other four portfolio projects, as well as detail the subscription process for any investors who wish to participate before the final closing in June.
If you have realized a capital gain within the last 180 days from selling real estate, a business, or stocks, and are interested in tax-advantaged reinvestment strategies, consider Opportunity Zone real estate to potentially reduce your tax bill and eliminate future capital gains taxes.
Reasons to consider investing in OZ Fund VIII:
Diversified portfolio: The fund will invest in five already identified residential development projects. Two market-rate multifamily communities within NFL stadium districts in Denver, CO and Nashville, TN, one build-to-rent townhome community in Charlotte, NC, one build-to-rent single family home community in Avondale, AZ, and one garden-style workforce housing community in suburban North Austin, TX.
Last money in: One project is currently leasing up, two are under construction, with the fourth and fifth expected to break ground this year. Much of the uncertainty around the portfolio's project costs and construction financing are mitigated given three of five projects are fully capitalized and underway.
Reduce your 2023 tax bill: You can still potentially invest capital gains from 2023, as long as the gain was realized within the last 180 days (partnership gains may have a longer qualifying period).