INVEST IN YOUR OWN BACKYARD
At Crawford 1031 Advisors we give you the ability to take advantage of a new economic development tool designed to spur investment in distressed areas. What a better way to help your own community in Raleigh, NC? Learn more about Opportunity Zones and explore how you can invest in your own community.
WHAT ARE QUALIFIED OPPORTUNITY ZONES?
The Opportunity Zone program was created as part of the 2017 Tax Cuts and Jobs Act (TCJA) to stimulate long-term private investments in low-income urban and rural communities across the United States. By providing tax benefits to investors, this new economic development tool is designed to incentivize investment and promote economic growth in distressed areas. For the first time in history, accredited investors with any capital gain can roll their gain into a development in an opportunity zone.
By rolling over capital gains taxes into a qualified opportunity zone fund (QOF), investors can defer, reduce, and even eliminate any capital gains.
Initial Tax Deferral
Defer capital gains taxes from initial sale of stocks, bonds, real estate, businesses, and other assets by investing in a QOF.
Partial Elimination
Reduce capital gains taxes by 10% if the investment is held for 5 years or 7 years, respectively.
Complete Elimination
Exclude (forgive) capital gains taxes from QOF appreciation, if held for at least 10 years.
QUALIFIED OPPORTUNITY ZONES IN RALEIGH
CSRA Opportunity Zone Fund VI
A mixed-use multifamily community with grocer retail located in the heart of Downtown Raleigh
This is an Opportunity Zone located diagonally from Red Hat Amphitheater in downtown Raleigh. Address: 320 W South St, Raleigh, NC 27601
GSF: 346,850 SF
RSF (Residential): 240,775 SF
RSF (Retail): 15,800 SF
Unit Count: 285
Parking Count: 437 (1.3/unit, 4 spaces/1,000 SF retail)
*NEW* CSRA Opportunity Zone Fund VI – Raleigh, NC
Sponsor: Capital Square
Sector: Multifamily and Retail
Offering Size: $
Min. Investment: 100 Investor Units ($100,000)
Price Per Unit: $1,000
Loan-To-Value: 65% (estimated)
Holding Period: 10-year minimum for permanent elimination of capital gains taxes generated during the holding period
Cash Flow from rental income: 6% preferred return
Cash Flow from refinance: 40%-50% of initial investment
Cash Flow at sale of property: TAX FREE
Equity Remaining: Full equity remaining – will reserve FAST
- Address: 320 W South St, Raleigh, NC 27601 – located diagonally from Red Hat Amphitheatre.
- Demolish the two small buildings and develop the 1.04 acre site at 320 West South Street into a luxury, mixed-use multifamily community.
- Approximately 285 units and approximately 16,000 of ground-floor retail with an adjacent parking garage.
- The project will be designed by local architecture firm JDavis.
GET EDUCATED ON OZ FUNDS
QUALIFIED OPPORTUNITY ZONE FUND RESOURCES
Supplemental Opportunity Zone Fund educational pieces to further your understanding of how the investments are structured. Every Opportunity Zone Fund is unique, which is what makes them so fascinating! Download educational materials below, provided by our sponsors.
