Home News Inland Private Launches Opportunity Zone Fund

Inland Private Launches Opportunity Zone Fund

Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has launched Saint Paul Opportunity Zone LLC, an opportunity zone fund with a capital raising goal of $30.7 million.

Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has launched Saint Paul Opportunity Zone LLC, an opportunity zone fund with a capital raising goal of $30.7 million.

Inland Private registered the Regulation D 506(b) offering this week and has raised nearly $3 million from four investors. The minimum investment amount is $50,000.

Passed as part of the Tax Cuts and Jobs Act of 2017, qualified opportunity zones are land tracts designated by the U.S. Treasury Department and Internal Revenue Service. To incentivize private investment in these communities, the legislation creates tax breaks for investors who make qualified long-term investments that have the potential to promote economic growth in these zones.

Inland Private Capital Corporation, based in Oak Brook, Illinois, is best known for offering replacement property investments for participants of 1031 tax deferred exchange, as well as opportunities for accredited investors who are seeking a real estate investment. As of March 31, 2019, the firm had sponsored 237 private placement programs with 644 total properties, including more than 19,000 residential units.

Click here to visit The DI Wire directory sponsor page.