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Zone Opportunity Fund Inc.

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 NameZone Opportunity Fund Inc.
Fund Manager or Organizer(s)ZOF Management LLC
Fund Size$500,000,000
Fund-Related Websitezoneopportunityfund.com
Investment Focus
Commercial Real Estate, Other
If Other, Please Specify:Cannabis
Geographic Focus
Nationwide
Additional Fund Details

In December 2017, the federal government created an economic stimulus program designed to spur investment in distressed communities (i.e., “Opportunity Zones”) by providing never-before seen tax benefits to investors. The Tax Cuts and Jobs Act allowed for the creation of “Qualified Opportunity Funds” (QOFs) in which taxpayers are able to reinvest capital gains in order to defer taxes thereon (for up to 7 years) while receiving up to a 15% tax exclusion for investments held in excess of 5 years, and a permanent tax exclusion from capital gains thereon for investments held in excess of 10 years.

In summary, here are the major benefits of investing in a QOF:
• Gain deferral – All gains invested in the QOF may be deferred in the year the temporary deferral election is made.
• Permanent tax exclusion of 10% taxable gain for investments held five years.
• Permanent tax exclusion of 15% taxable gain for investments held seven years.
• Permanent tax exclusion of 100% of taxable gain.
• With such unprecedented tax savings in mind, we founded Zone Opportunity Fund, Inc., the first only QOF operating as a private equity fund to invest (predominantly) in cannabis-related investments, including debt, convertible debt, stock (publicly traded), and private equity (i.e., stock and partnership interests).
• While most QOFs invest exclusively in real estate and offer modest returns, our Fund is unique in that we invest in CRBs and seek to offer a much higher ROI to our investors — our Fund’s Board of Directors was set up exactly for that purpose.

Organization Details

Zone Opportunity Fund, Inc., is a Delaware corporation.
4007 E. Paradise Falls Dr., Ste. 212
Tucson, Arizona 85712

Fund Contact....
NameMark Heckele
Job TitleManager
Phone(888) 807-9682
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 ncsha.org.


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

Ox Fibre Apartments

Parramore Oaks

The Tappan