GTIS Partners to launch second qualified opportunity zone

GTIS Partners, a global real estate investment firm with $4.7 billion in gross assets under management, is gearing up to launch its second qualified opportunity zone (QOZ) fund, just months after closing its initial fund in February with $630 million of capital commitments.

GTIS Qualified Opportunity Zone Fund II will be structured as a diversified REIT open to accredited investors and will officially launch on July 1.

GTIS said its experience in managing and deploying Fund I provided the firm with significant expertise in QOZ deal sourcing, structuring, execution and asset management in compliance with the program's rules. Fund I, which placed among the top five largest QOZ funds raised to date, has committed to 15 investments primarily focused on large regional Sunbelt markets across multifamily, single-family rental and industrial property types.

“We are excited to continue our investme