Arch Real Estate’s $700M Puerto Rico Fund Qualifies as QOZ
Arch REHC's focus is to channel private investment capital into multiple Puerto Rican opportunity zones with a “consistent theme of affordable housing, sustainable and reliable residential energy, and reduced occupancy costs.
MELBOURNE, FL—Locally-based Arch Real Estate Holdings Corp. reports its qualification as a qualified opportunity zone business for its $700-million real estate fund geared to providing affordable housing in Puerto Rico.
Arch REHC’s focus is to channel private investment capital into multiple Puerto Rican opportunity zones with a “consistent theme of affordable housing, sustainable and reliable residential energy, and reduced occupancy costs, with the immediate goal to restore more than 500 single-family homes as rental housing, and to assemble a substantial and profitable portfolio of Puerto Rican housing assets.”
Investors who invest in Qualified Opportunity Zone Businesses through qualified Opportunity Funds may defer tax liability on current capital gains through 2026. Investors receive up to a 15% reduction of their future tax liability associated with the deferred capital gains, and eliminate capital gains taxes on value appreciation associated with their investments in Qualified Opportunity Zone Business within Qualified Opportunity Funds that are held for at least 10 years. Arch REHC began holding a webinar series on private offering and tax benefits on Nov. 12th and registration is available through Eventbrite.
Arch Real Estate Holdings is a private real asset company, combining real estate, investment securities, and blockchain technology to diversify investment opportunities for accredited investors. Back in April, the firm announced it had partnered with Polymath, an industry leading security token issuance platform, as its blockchain technology platform partner.