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Capital Gains Opportunity Fund LLC | Capital Gains Opportunity Fund LLC

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.

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Directory Stats as of October 13, 2020:

218 Total Funds $46.9 Billion Total Anticipated Investment 63% of Funds Target Investment in Affordable Housing and Community Development

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Fund NameCapital Gains Opportunity Fund LLC
Fund Manager or Organizer(s)Thomas Ablum, Steve Rosen, Elliot Newman
Fund Size$250,000,000
Investment Focus
Hospitality Development, Mixed-use Development, Multifamily Residential, Student Housing, Other
If Other, Please Specify:Senior Housing
Geographic Focus
Additional Fund Details

$250 million fund to invest equity in real estate projects located in Designated Opportunity Zones. Our structure is straightforward such that after all the equity earns a 10% IRR, we will split the upside 50-50 with the developer. The developer is required to invest 10% of the equity and our fund will invest 90% of the equity, have prior development experience and track record. We will consider most asset types nationwide, especially student housing, multifamily, seniors housing and hospitality asset types. Minimum project size is $30 million and minimum equity check size is $8 million. Our preference is development or substantial re-development projects that have a total project cost between $30 million and $120 million with appropriate leverage.

Organization Details

Our fund was formed in October 2018 as a Delaware LLC and the fund manager was established in February 2019 as a Delaware LLC. For more than 40 years, the Managers of CGO have advised real estate development companies financiers, professionals and investors in the formation, funding, execution and management of commercial real estate transactions.

Fund Contact....
NameThomas Ablum
Job TitleManaging Director
Phone(312) 296-6996
EmailEmail hidden; Javascript is required.

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

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