NES Financial announced today that it has been contracted to provide its purpose-built Opportunity Zone Fund Administration Suite to investUS — a New Mexico–based Opportunity Zone Fund that plans to deploy $100 million into real estate and business projects in Opportunity Zones (OZs) around the country.
The tax incentives associated with the Opportunity Zones program were created to encourage long-term investment into targeted economically distressed areas across the country. Opportunity Fund investors get immediate deferral of taxes on invested capital gains, and additional tax benefits accrue at 5-, 7- and 10-year milestones.
investUS’s management says it takes a “triple bottom line” investment approach which emphasizes financial return, positive social impact, and economic growth and job creation in these zones. Rather than focusing on real estate in major markets, as many Opportunity Funds do, investUS says they offer investors a unique opportunity to invest in a diversified portfolio of OZ businesses and properties in under served and less appreciated markets.
“We were aware of NES Financial’s expertise and reputation in the EB-5 market, so when we learned they had created an administration suite just for Opportunity Zones, we contacted them right away,” said Deborah Burns, Managing Partner at investUS. “The technology and third-party oversight they provide are critical to running our fund efficiently and securely.”
Read More about investUS Opportunity Zone Fund by clicking here.
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