Home News Sortis Holdings Launches $100 Million Opportunity Zone Fund

Sortis Holdings Launches $100 Million Opportunity Zone Fund

Sortis Holdings Inc., a Portland, Oregon-based private investment firm, has launched the Sortis Opportunity Zone Fund, a $100 million Reg D fund created to invest in qualified opportunity zones.

Sortis Holdings Inc., a Portland, Oregon-based private investment firm, has launched the Sortis Opportunity Zone Fund, a $100 million Reg D fund created to invest in qualified opportunity zones.

Sortis noted that its opportunity zone fund will invest in the Western U.S. with a focus on the Northwest, following the same footprint of its lending fund, the Sortis Income Fund. Investments may include retail, office, hospitality and multifamily developments and re-developments, as well as qualified businesses located in opportunity zones.

The federal government’s Tax Cuts and Jobs Act of 2017 established the opportunity zone program to stimulate economic development in distressed low-income communities across the country by offering potentially significant tax benefits to investors that make long-term investments in these areas. There are currently more than 8,700 designated opportunity zones across the U.S. and its territories.

“We pride ourselves on providing wealth-building private investments through both lending and direct real estate investments,” said Paul Brenneke, Sortis founder. “The Sortis Opportunity Zone Fund will allow accredited investors to take advantage of our unique investment strategies while postponing, reducing and eliminating expensive capital gains tax they would otherwise have to pay.”

Capital gains from a sale of any property, stock or business assets will qualify for beneficial treatment under the new law as long as the gains are invested within 180 days of the gain being realized.

Sortis Holdings is a private investment firm with a primary focus on real estate, both as a lender and direct investor. With its roots as a former bank holding company, Sortis has evolved into a diversified firm that both lends and opportunistically invests in real estate with a focus on the Western U.S.

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