A subsidiary of Pinnacle Partners, in partnership with opportunity zone advisory firm Javelin 19 Real Estate, has launched Pinnacle Partners Opportunity Zone Fund VIII, a multifamily Opportunity Zone (OZ) fund investing in at least four real estate projects in opportunity zones in emerging U.S. markets, such as Denver; Bozeman, Mont.; Nashville; Salt Lake City; Phoenix; Austin; and Dallas. The fund is targeting $100 million in investments.
“We believe that Opportunity Zones stand as one of the most compelling tax legislations ever passed by the U.S. government and represent a once-in-a-generation opportunity for investors seeking to manage their capital gains tax liability and potentially recognize the strong longer-term returns that can come from strategic multifamily property investments,” said Jeff Feinstein, Pinnacle Partners managing partner. “Pinnacle Partners endeavors to identify institutional-quality real estate projects, sourced through exclusive relationships
