Shopoff Realty Investments has launched its first-ever Qualified Opportunity Zone fund, Shopoff DLV QOZ. With a maximum capital raise of $200 million, Shopoff DLV QOZ will provide the equity for construction of the brand-new $545 million Dream Las Vegas hotel on the Las Vegas Strip.
“This is a very unique QOZ fund offering, in fact, we believe there are no other QOZ offerings that are for hotels on the Las Vegas strip at the caliber of the Dream Hotels brand,” said William Shopoff, Shopoff Realty Investments president and CEO. “Further, there is a very limited chance that another development of this kind will be constructed in the near future, making this a very exciting opportunity for the marketplace.”
Located in a qualified opportunity zone, the project will provide potentially advantageous tax benefits to prospective investors, through the potential opportunity to defer and reduce capital gains for federal income tax purposes pursuant to an investment in a
