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Compass Encore QOZ Fund | Compass Living 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.

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 February 27, 2024:

248 Total Funds ā–  $50.19 Billion Total Anticipated Investment ā–  56% of Funds Target Investment in Affordable Housing and Community Development

Opportunity Zone Case Studies

Fund NameCompass Encore QOZ Fund
Fund Manager or Organizer(s)Compass Living LLC
Fund Size$34,000,000
Fund-Related Websiteencoremidcity.com
Investment Focus
Affordable Housing, Commercial Real Estate, Mixed-use Development, Multifamily Residential, Small Business Development
Geographic Focus
Alabama
Additional Fund Details

We are raising a single asset Qualified Opportunity Zone Fund created for the development and ownership of a Class A multifamily community called Encore in Huntsville, Alabama, within the $1 billion MidCity District, which is one of the largest mixed-use redevelopments in the country. Encore includes 244 luxury apartments and 11,000 square feet of ground-level retail space with structured parking in a walkable, urban environment. Encore already has won top awards from both the AIA and NAHB as one of the best new projects in the country.

Huntsville is the fastest-growing city in the State of Alabama and has won acclaim as one of the nationā€™s best places to live and work. As the home of both Redstone Arsenal (headquarters of the U.S. Army Space and Missile Defense Command and the Marshall Space Flight Center) and Cummings Research Park (the second-largest research park in the United States), Huntsville attracts many of the countryā€™s best aerospace, military defense, and engineering companies and their associated employees, resulting in a highly-educated and affluent population.

MidCity District is one of the largest active mixed-use developments in the United States. MidCity is an entertainment-focused, mixed-use redevelopment of a former regional mall halfway between downtown Huntsville and the thriving suburb of Madison. Encore is strategically located at the heart of MidCity, providing immediate access to some of the best shopping, dining, and entertainment venues in the region in a vibrant, urban environment. Encore residents will enjoy all of the best that MidCity has to offer within easy walking distance. At the same time, the site opens to Cummings Research Park to the South, which provides both a less dense transition of MidCity and a connection to the tens of thousands of people who work in the park every day.

Organization Details

Compass Real Estate is a private real estate investment and development company based in Atlanta, Georgia. Compass develops, owns, and operates properties with durable value concentrated in the sunbelt region of the United States. Building on our diverse experience, we create authentic places to live, work, shop, and dine for people of all ages. Our mission is to provide a positive social impact in the communities that we serve while earning appropriate risk-adjusted financial returns for our investment clients. We have completed real estate investments and developments totaling more than $1.5 billion since the company was founded in 2003. Our current portfolio includes more than 20 properties in 10 states with total invested capital exceeding $500 million.

Fund Contact....
NameRobert Godard
Job TitleCEO
Phone(770) 450-6951
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.

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

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