USG Realty Capital, OZI Group Launch Multi-Asset Opportunity Zone Fund

USG Realty Capital and OZI Group have partnered to launch an investor-directed multi-asset opportunity zone fund. The platform is the first of its kind. It has already identified projects for the fund, expecting to provide between $10 million to $15 million of equity for five to 10 projects in total in the multifamily, senior living, self-storage and manufactured housing asset sectors.

“We’ve been in the opportunity zone funding arena from the very start, in 2018,” Greg Genovese, CEO of the USG/OZI Opportunity Zone Investment Platform and the founder of USG Realty Capital, tells GlobeSt.com. “USG Realty Capital and OZI have been proponents of project-specific opportunity zone funds as we believe these give the investor the best ability to review a single project, the demographics, and complete better due diligence, instead of having to invest into a portfolio, without any choice of which projects they would like to invest in, having to accept all the projects in the portfolio.”