GTIS Partners has raised $630 million for its GTIS Qualified Opportunity Zone Fund.
Investors in the fund include more than 1,600 individuals across more than 100 registered investment advisers as well as family offices. The fund was structured as a private REIT and a 506(c) offering available to accredited investors with a $100,000 minimum commitment.
“Our investment strategy thus far has focused on qualified opportunity zone funds that we believe will experience significant positive transformation over the next 10 years and where our investments will make a strong contribution to that transformation. As we deploy the fund’s remaining capital, we will continue to execute on that strategy, leveraging the attractive opportunities in our pipeline to enhance the fund's already strong asset mix and diversification,” said Tom Shapiro, president and CIO at GTIS.
"We’ve focused on being true to the goals of the opportunity zone program since day one. We thank o