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Cresset-Diversified QOZ 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.

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Directory Stats as of July 1, 2020:

215 Total Funds $47.2 Billion Total Anticipated Investment 63% of Funds Target Investment in Affordable Housing and Community Development

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Fund NameCresset-Diversified QOZ Fund
Fund Manager or Organizer(s)Cresset-Diversified QOZ Management LLC, a Delaware limited liability company
Fund Size$500,000,000
Investment Focus
Affordable Housing, Commercial Real Estate, Community Revitalization, Economic Development, Hospitality Development, Infrastructure Investment, Mixed-use Development, Multifamily Residential, Renewable Energy Investment, Student Housing, Workforce Housing
Geographic Focus
Additional Fund Details

Cresset Partners, led by Eric Becker and Avy Stein, and LCM Opportunity, led by Larry Levy, have partnered to create the CressetDiversified QOZ Fund. The Fund is managed by experienced teams
of real estate and private equity professionals supported by community impact, legal, tax, and accounting experts. The Fund is seeking to raise $500 million in capital commitments.

Organization Details

About Cresset: Private equity entrepreneurs Eric Becker and Avy Stein founded Cresset Capital Management with a vision to reinvent wealth advisory and family office services and a firm belief that clients deserve bette. Within the Cresset affiliates' suite of offerings, Cresset Partners focuses on private investments offering clients access to direct real estate, direct private company, and private equity secondaries investment opportunities. Cresset Asset Management, an investment advisor registered with the U.S. Securities and Exchange Commission, offers wealth advisory, planning, and innovative family office services.

About Diversified: Since 2003, Diversified Real Estate Capital LLC, founded by Larry Levy, Jeffrey Cherner, and Michael Miller, has offered equity capital and expertise for commercial real estate developments. High-net-worth individuals and family office investors seeking to diversify their assets and the potential of returns associated with highest quality real estate investments co-invest with nationally recognized developers that are Diversified's partners. The Company maintains in-depth relationships with both its investors and joint-venture partners, believing that these relationships are a key competitive advantage in the volatile investment environment. Diversified's highly experienced professionals identify prime opportunities and act quickly to creatively structure transactions. The Company offers its partners real estate expertise in management, renovation, development, financing, leasing, and strategic repositioning. The Company seeks to create institutional-quality assets focused on office, retail, multifamily, industrial, residential, and mixed-use properties.

Fund Contact....
NameNick Parrish
Job TitleCo-Head of Business Development & Investor Relations
Phone(312) 429-2450
EmailEmail hidden; Javascript is required.

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

Ox Fibre Apartments

Parramore Oaks

The Tappan