Anthony Scaramucci and EJF Launch Opportunity Zone REIT

Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital

NEW YORK CITY—SkyBridge Capital, an alternative investment firm, and EJF Capital, a hedge fund and private equity manager, launched the SkyBridge-EJF Opportunity Zone REIT, calling it SOZ REIT for short. The real estate investment trust will invest in US Treasury-certified opportunity zones, which are low-income communities where investments of capital gains can receive preferential tax treatment.

“We want to offer up this product to people around the country, not just super rich people,” Anthony Scaramucci, founder and co-managing partner of SkyBridge, said on a conference call. The fund is looking to the mass affluent as investors. “Literally the dentists, doctors, lawyers, families around the United States.”