HonorHealth nears completion of its sixth Valley hospital in north Phoenix as the market continues to thrive.

The company will own a total of 12 UK hospital facilities upon the transaction, which is expected to close in the third quarter of 2019.

The management company's first OZ fund— Opportunity Zone Fund I—has a target to raise $10 million from inventors and is set to launch in late 2019. The firm hopes to secure its first acquisition in January 2020.

Mallory & Evans and Ozone Capital will build and invest in an Opportunity Zone, which will likely stimulate the local economy.