GTIS Partners (GTIS), a real assets investment firm that manages in excess of $4 billion in gross assets with a focus on residential and industrial logistics investments, announced that its GTIS Qualified Opportunity Zone fund will have its final close on Dec. 31, 2021.
With $450 million in capital raised so far from family offices, RIAs, and directly from high-net-worth individuals, the fund is expected to be among the largest opportunity zone funds raised to date. Unique in the opportunity zone space, the fund is structured as a private REIT and a 506(c) offering available to Accredited Investors with a $100,000 minimum commitment.
The opportunity zone program was created as part of the 2017 Tax Cuts and Jobs Act, and is designed to spur investment and economic development in underserved communities by offering, through qualified opportunity zone funds, tax incentives. Tax incen