Qualified Opportunity Zone Resources

It was a pleasure to host the Qualified Opportunity Zones session at the 2020 NCACPA Symposium. Our goal is to educate you, as a CPA, to best serve your clients as they head into the end of the tax year. Below, we have organized a few supplemental resources that should be beneficial for you and your clients as you navigate their tax journey. Click the download button and a link to the PDF will be sent to your email address. Please don’t hesitate to contact us by email (info@crawford1031.com) or phone to discuss individual cases with your clients. We are happy to be a resource for you.

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Opportunity Zones with Senator Tim Scott

Qualified Opportunity Zone Fund Examples

Everyone is talking about opportunity zones these days. And with good reason. The tax advantages are huge. With the ability to defer, reduce and even eliminate your capital gains taxes, the smart investor is searching for a means to participate in this rare opportunity. And the best real estate will go fast.

But are qualified opportunity zone funds too good to be true?

The number one question we ask all investors:

Would you consider this real estate if it wasn’t in an opportunity zone?

When evaluating some of the best real estate in the country, opportunity zone tax incentives are the icing on the cake. But make sure you understand the real estate first.

At Crawford 1031, we focus on single asset opportunity zone funds in targeted areas for growth. Please see the following for our top securitized Opportunity Zone Fund picks of Q4 2020:

Single Asset Qualified Opportunity Zone Fund

CSRA Opportunity Zone Fund IV

Charleston, SC – Upper King Street

Offering Size: $7,735,000

Holding Period: 10-12 years

Preferred Return: 6%

Remaining Equity: Limited Equity Remaining

52,800 square-foot property located at 529 King Street in Charleston, South Carolina and intends to develop thereon 50 luxury apartment hotel units with a mix of studio, one, two and three-bedroom apartments, 4,218 square feet of retail space, including an open-to-the-public lounge, fronting King Street and 44 valet operated parking spaces.

View Executive Summary

Multi Asset Qualified Opportunity Zone Fund

Griffin Capital Opportunity Zone Fund II

Various Locations

Offering Size: $143,600,000

Holding Period: 10-12 years

Preferred Return: Range from 3%-6%

Remaining Equity: Full Equity Remaining

A portfolio of four multi-family properties located in Austin, TX; Mesa, AZ; Aurora, CO; and Nashville, TN. Construction is set to begin in mid to late 2021. All four properties are anticipating completion around October 2023. These four assets combine for a total of 1,411 units with a range of studio, 2-bedroom, and townhome units.

View Executive Summary

Single Asset Opportunity Zone Fund

CSRA Opportunity Zone Fund V

Richmond, SC – Scott’s Addition

Offering Size: $32,396,000

Holding Period: 10-12 years

Preferred Return: 6%

Remaining Equity: Approximately $3million

Developers, Greystar and Capital Square have entered into a purchase agreement to acquire a 2.38-acre property located at 1601 Roseneath Road in the Scott’s Addition neighborhood of Richmond, Virginia on which the Joint Venture intends to develop a six-story, mixed-use, Class A apartment building comprised of approximately 350 units and 15,000 square feet of retail space.

View Executive Summary