Home News McNally Capital Appoints Strategic Advisor for Opportunity Zone Investments

McNally Capital Appoints Strategic Advisor for Opportunity Zone Investments

McNally Capital, a private investment firm, has added a strategic advisor to assist the firm in sourcing opportunity zone investment opportunities for its network of family offices.

McNally Capital, a private investment firm, has added Joseph Cahoon as strategic advisor, as the firm works to source opportunity zone investment opportunities for its network of family offices. The company said that it is currently “actively courting” partnerships with national commercial real estate developers and business operators.

Established by Congress as part of the 2017 Tax Cuts and Jobs Act, the opportunity zone program offers tax benefits to encourage long-term investments in certain low-income areas, as determined by US Census data. There are more than 8,700 designated opportunity zones in the U.S. and its five territories.

“Opportunity zones require long-term patient capital from investors who also have the desire to make a significant social impact around the country,” said Ward McNally, managing partner of McNally Capital. “These investor characteristics, combined with the enhanced tax benefits of the OZ legislation, make this strategy appealing for our family office co-investors. We are pleased to partner with Joseph Cahoon and devote our resources to help our family office network capitalize on these opportunities while strengthening low-income communities across the US.”

Cahoon has more than 20 years of experience as a real estate investor, developer and educator. He currently serves as the director of the Folsom Institute for Real Estate at Southern Methodist University Cox School of Business and is responsible for leading the Institute’s initiatives in academics, research and outreach to the real estate industry.

Cahoon also he teaches real estate finance courses as an adjunct professor at the Cox School and serves as a senior advisor to HR&A Advisors, a national real estate and economic development consulting firm.

From 2009 to 2014, he was the managing director of the Real Estate Finance and Investment Center in the McCombs School of Business at the University of Texas at Austin.

He previously serves as a development associate with Gables Residential in Dallas, Texas, where he was responsible for sourcing and underwriting multifamily and mixed-use acquisition and development opportunities in Dallas. Before joining Gables in 2006, he was a partner with Champion Partners in Dallas and focused on value-add office investments.

McNally Capital is focuses on direct family capital through direct investing and merchant banking services. The company maintains a private network of more than 800 family offices with which they collaborate to make and manage direct investments.

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