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Arela Opportunity Fund

The Opportunity Zone Fund Directory is a compilation of publicly-announced funds formed to attract investment in Opportunity Zones (OZs). NCSHA is tracking only multi-project OZ funds. To learn more about a fund included in this directory, click on the name.

Please review the terms of the use before using the directory. To request to add your fund to the directory, please complete this form.

Directory Stats as of April 12, 2021:

230 Total Funds $47.1 Billion Total Anticipated Investment 60% of Funds Target Investment in Affordable Housing and Community Development

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Fund NameArela Opportunity Fund
Fund Manager or Organizer(s)Arela Partners
Fund Size$100,000,000
Investment Focus
Affordable Housing, Commercial Real Estate, Community Revitalization, Hospitality Development, Mixed-use Development, Multifamily Residential, Small Business Development, Student Housing, Other
If Other, Please Specify:Alternative real estate-related investment with a focus on reduced risk and better-than-average rates of return on investment
Geographic Focus
Additional Fund Details

The Fund Size is $25 – $100 Million.

The ARELA Opportunity Fund intends to focus on investing in high-quality business and real estate within opportunity zones located in major US cities with long-term growth potential. We're taking the same simple, low-cost approach we use in all of our Investments and applying it to this exciting new way to invest. Our primary interest is the maintenance and creation of affordable housing and job creation. Types of projects: Residential apartments, town homes, and single-family development with substantial improvement, hospitality, student and senior housing. Alternative real estate-related investments. For project submission:

Organization Details

THE ARELA PARTNERS -- Real Estate Development Group, has been changing lives since 2000. Its management has more than 30 years' experience with renovation, investment, financing, and the re-purposing of residential real estate. We have been very successful at identifying and obtaining profitable opportunities to gain significant returns on investment through value-add investment for our investor partners. We have also provided, to our third-party clients, services that include development, project evaluation, packaging, equity, financing, and renovation services customized to their specific needs and requirements.

Fund Contact....
NameVernon Allamby
Job TitlePresident
Phone(800) 225-8116
EmailEmail hidden; Javascript is required.

The listings on this page are provided as a free service to potential community development funding recipients. The information contained on this page is for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy securities. NCSHA does not provide investment advice, and these listings are not to be construed as a recommendation to engage in a transaction with a particular party.

The information above is based solely on information provided to NCSHA by the listed contact person for each company, and NCSHA is not responsible for any inaccurate or out-of-date information in these listings. Companies utilizing this free listing are solely responsible for obtaining necessary clearances from their compliance departments.

The information in this directory is provided “as is” without warranty of any kind. NCSHA does not accept responsibility or liability for the accuracy, content, completeness, or reliability of the information contained herein.

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NCSHA will continue to update the directory as it becomes aware of new funds or changes to the information listed on

Case Studies: Opportunity Zone Investment in Affordable Housing and Community Revitalization

Ox Fibre Apartments

Parramore Oaks

The Tappan