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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.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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