USG Realty Appoints Managing Broker-Dealer, Breaks Ground on Opportunity Zone Project
USG Realty Capital, an alternative investment sponsor focused on opportunity zones, has selected WealthForge as their managing broker-dealer.
USG Realty Capital, an alternative investment sponsor focused on opportunity zones, has selected WealthForge as its managing broker-dealer.
WealthForge is a broker-dealer and developer of Altigo, a subscription automation platform for investing in alternative investments.
“WealthForge brings a level of expertise and turn-key solutions with their managing broker-dealer services and Altigo platform, which is unmatched in our industry.” said Greg Genovese, chief executive officer and founder of USG Realty Capital. “As our platform continues to grow and add more products, bringing on WealthForge was the ideal next step in our evolution.”
In March, USG held a groundbreaking ceremony for KindCare at Bristol, part of its multi-asset opportunity zone fund offering. The 117-unit assisted living and memory care senior housing development, located in Bristol, Connecticut is being developed by Senior Living Development, a commercial real estate development company specializing in the senior living space. This qualified opportunity zone project is scheduled for completion in 2023.
USG launched its Investors Choice OZ Fund in June 2021. Since that time, the qualified opportunity zone fund currently has four projects and continues to add ground-up multifamily, senior living, storage, and manufactured housing projects to its platform, the company said. The focus is on infill projects with barriers to entry and equity targets ranging from $5 million to $10 million per project, on average. The fund intends to raise $50 million in equity and can expand the offering to $100 million.
Co-headquartered in Santa Barbara, California and Silverdale, Washington, USG Realty Capital is an alternative investment company launched by industry veteran Greg Genovese, who has launched several opportunity zone funds since 2018.
