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Greatwater 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 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 NameGreatwater Opportunity Fund
Fund Manager or Organizer(s)Greatwater Opportunity Capital LLC
Fund Size$100,000,000
Investment Focus
Affordable Housing, Commercial Real Estate, Mixed-use Development, Multifamily Residential
Geographic Focus
Additional Fund Details

All projects are located in Detroit's Opportunity Zones. Investments are made into specific projects through special purpose vehicles (LLC – partnerships). Initial projects require approximately $25mm in equity with a large pipeline of additional projects coming soon.

Organization Details

Greatwater Opportunity Capital is a real estate private equity investment manager and development firm focused on emerging urban markets in the United States. Over the last several years, the principals of Greatwater have focused on investing in Detroit’s neighborhoods, producing positive local outcomes and superior returns.

The recently-enacted Opportunity Zone legislation provides a framework and unprecedented tax incentives for investments exactly like those we have been making in Detroit. It is poised to dramatically change the flow of capital across the United States, driving economic mobility and fueling growth in American neighborhoods.

Fund Contact....
NameJustin Golden
Job TitlePartner
Phone(313) 404-7661
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.

NCSHA will not be liable for any loss or damage that may arise as a result of the use of the information contained herein. This directory provides direct links to websites owned by other parties. The content of such sites is not within NCSHA’s control; NCSHA cannot take responsibility for the information or content thereon.

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