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Southern US RE QOF | Jeanine Blake

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 NameSouthern US RE QOF
Fund Manager or Organizer(s)Jeanine Blake
Fund Size$40,000,000
Fund-Related Websiteoppzone-capital.com
Investment Focus
Commercial Real Estate, Community Revitalization, Economic Development, Mixed-use Development, Multifamily Residential, Small Business Development
Geographic Focus
Florida
Additional Fund Details

Located in the heart of Ybor City, Florida, the MartĆ­ Solo Suites project will offer mid-market-rate housing options to the area. As Florida's population continues to grow, the demand for housing increases exponentially. According to guidelines, this project is located in a Historic District and therefore qualifies for both Historic and Tax credits.

The Clearwater Gardens Assisted Living Facility Project will provide 120 beds, along with adult daycare, respite care, and companion suite options. This project will feature an onsite salon and barbershop, along with tasteful, resort-style landscaping and quarters. There is currently a 200-bed shortage for Assisted Living Facilities in the Clearwater area, and this project will effectively solve 51% of the deficit.

Organization Details

ā€¢ Multi-Asset investment diversification and concentration of asset classes/subclasses across the Southern U.S. avoids concentration of investments in a specific location or property type. Specifically, in favorable census tracts reflecting high growth and undervalued areas providing quality/integrity real estate with operating businesses for communal sustainability while balancing the investment portfolio to mitigate risk either by specific asset classes or sub-asset classes.
ā€¢ Management Fees - 1.75%
ā€¢ Carry Fee to the GP - 20%
ā€¢ Operating Expenses - up to 2% (target $250,000)
ā€¢ Capital Raising Fees - Absorbed by the Fund
ā€¢ Finders up to 1.5%
ā€¢ IBD up to 10%
ā€¢ RIA up to 6%
ā€¢ IRR 17%

Fund Contact....
NameJeanine Blake
Job TitlePrincipal / CEO
Phone(727) 647-9417
EmailEmail hidden; Javascript is required.
Additional Comments

Opp Zone Capital is a private equity firm focused on strategic diversification of multifamily, hospitality, and storage assets.

Invest in high-growth and undervalued areas in the Southern US region. We believe the areas contain favorable census tracts that are poised for growth.

According to our analysis, identified areas of the Southern US already enjoy national attention from investors. We believe our projects will run alongside the already steady growth in the regions and contribute to expanding these areas.

We believe the properties of focus will become staples in the communities we invest in and provide a long-standing commitment to quality and integrity. In our opinion, select cities in the US's southern region will continue to provide the demographics and growth necessary for successful development.

OZC is committed to playing a part in creating a sustainable future for our planet. You can see our initiatives at work through the use of solar power in our future developments.



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 ā€œas isā€ 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 NCSHAā€™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 ncsha.org.


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

Ox Fibre Apartments

Parramore Oaks

The Tappan