How "Opportunity Zones" Work
The Tax Cuts and Jobs Act of 2017 created Qualified Opportunity Zones to provide potentially significant tax benefits to investors who re-invest capital gains into long-term investments in communities designated for economic development. This solution is useful for investors who have substantial capital gains and a desire to realize them in a tax-efficient and socially impactful manner.
RBH Opportunity Zone Funds offer solutions to all stakeholders, limited partners, municipalities, school districts, agencies, tenants/residents, labor/tradespeople and contractors.
We have a successful track record since 2005 in executing real estate projects in what are now designated Opportunity Zones. To date, RBH has deployed over $500 million in capital in projects located in Qualified Opportunity Zones.
Opportunities
In each community we work in, RBH forms a unique public-private partnership to attract public investments, entitle projects and execute collaborative community involvement.
Municipalities, universities, redevelopment agencies and landowners across the US regularly approach us with opportunities, creating a significant organic pipeline for future Opportunity Zone projects in urban areas across the country.
TEACHERS VILLAGE ATLANTA
Atlanta, GA | Seniors & Teachers
Partners: Prudential Financial, Inc.
Building: 31-story, residential tower over parking with 2 levels of commercial space.
Type of Construction: New construction
Gross Square Footage: 536,319 SF
Rental Residential Area (workforce): 138,761 SF
Rental Residential Area (seniors): 129,088 SF
Amenity Area: 3,284 SF
# of Units: 438 Units
Retail Space: 25,752 SF
Housing comprises 229 workforce apartments and 209 senior apartments.
TEACHERS VILLAGE CHICAGO
THE PARAMOUNT
193 Market Street | Newark, NJ | Workforce Housing
Partners: Prudential Financial, Inc.
Building number of floors: 14 (2-story ground floor retail with 12 residential floors)
Type of Construction: New construction behind preserved historic theater facade
Gross Square Footage: 256,744 SF
Rental Residential Area: 164,297 SF
Amenity Area: 5,565 SF
# of Units: 244 Units
Retail Space: 49,147 SF
Workforce housing comprises 195 units affordable at 100-120% AMI, and 49 units are affordable at 60% Area Median Income.
TEACHERS VILLAGE STOCKTON
Stockton, CA | Seniors & Teachers
Partners: The Grupe Company
Building: Four-6-8-story buildings
Type of Construction: New construction
Gross Square Footage: 375,300 SF
Rental Residential Area (workforce, affordable, market rate): Seniors: 75,400 SF, Workforce: 56,850 SF, Market: 54,950
Amenity Area: 5,000 SF (Civil/educational).
63,000 SF (Community-Centric space)
# of Units: 315 Units
Retail Space: 24,300 SF
Parking: 116,000 SF
DISCLAIMER
This preliminary summary is for informational purposes only, and does not constitute an offer to sell, or a solicitation of an offer to buy any securities. Any offer or solicitation will be made only by means of a confidential Private Placement Memorandum or an Operating Agreement. There is a risk of loss in all investment programs. There is no guarantee that any of the milestones or economic results described herein will be achieved. Timing is dependent upon market and other conditions.
