“National support for investments in Opportunity Zone projects is a critical element in restoring some of our country’s communities overlooked by traditional economic development activities which strengthens our overall economy,” said Chris Loeffler, Caliber Founder and CEO.
SCOTTSDALE, Ariz. (PRWEB)
December 14, 2018
Development in underserved communities just received a boost from President Trump, and Arizona-based Caliber has a fund available for investors to take advantage of these new tax incentives.
To draw additional funding and support into underserved communities, President Trump has signed an executive order directing more resources to be funneled into Opportunity Zones. Created as part of the 2017 Tax Cuts and Jobs Acts, Opportunity Zones offer accredited investors significant tax breaks through participation in qualified Opportunity Zone funds. Still a young program, Caliber – The Wealth Development Company is one of the first organizations to offer Opportunity Zone investments with the July 2018 launch of the Caliber Tax Advantaged Opportunity Zone Fund, LP.
“We fully embrace the President’s executive order and the creation of a White House Opportunity and Revitalization council,” said Chris Loeffler, Caliber Founder and CEO. “National support for investments in Opportunity Zone projects is a critical element in restoring some of our country’s communities overlooked by traditional economic development activities, which strengthens our overall economy.”
Through the Caliber Tax Advantaged Opportunity Zone Fund, LP, funding is invested directly into a diversified portfolio of assets in qualifying zones, allowing investors to take advantage of reductions in capital gains tax. Investors may see as much as a two times increase in an expected after tax rate of return on investment due to the benefits included in the program.
Caliber’s Opportunity Zone projects are already working to revitalize underfunded neighborhoods in Arizona such as downtown Mesa, downtown Tempe and downtown Tucson. Projects that have already been announced include the addition of a top-tier branded hotel to the Tucson Convention Center, a townhome project in Tempe and significant investments in developing the core of downtown Mesa.
Caliber provides individual accredited investors and registered investment advisors with well-structured alternatives to traditional investments. In addition to Opportunity Zones, the company builds wealth by forming and managing real estate private equity investments, either through individual assets or multi-asset funds. For details on investment options or to learn more about Caliber, visit CaliberCo.com.
Headquartered in Scottsdale, Arizona, Caliber – The Wealth Development Company is a full-service real estate investment company specializing in commercial, residential, multi-family, self-storage and hospitality properties. Since its inception in 2010, Caliber has acquired more than $350 million in real estate across the southwest with more than $275 million of assets under management. Caliber’s investment cycle is managed 100 percent in-house through its five business units: Investment, Construction & Development, Property Management, Brokerage and Hospitality. Operating under the principles of integrity, responsibility, discipline and transparency, Caliber provides its more than 400 accredited investors with well-managed, diverse, asset-based investment strategies. Learn more at Caliberco.com or follow Caliber on social @CaliberCo.
Note To Investors
This Press Release Is Provided Solely For Information Purposes And Does Not Constitute Legal Or Investment Advice. This Is Neither An Offer To Sell Nor A Solicitation Of An Offer To Buy Securities. While We Endeavor To Keep The Information Up To Date And Correct, We Make No Representations Or Warranties Of Any Kind, Express Or Implied, About The Completeness, Accuracy Or Reliability Of The Data And Summaries Contained In This Press Release Or The Suitability Of Any Separate Offering For Investors. There Are Risks Associated With Any Investment. In Making An Investment Decision, Investors Must Rely On Their Own Examination Of The Company They Wish To Invest In Including The Merits And Risk Involved. Any Forward Looking Statement Speaks Only As Of The Date On Which Such Statement Is Made, And We Undertake No Obligation To Update Any Forward Looking Statement To Reflect Events Or Circumstances After The Date On Which Such Statement Is Made. Please Contact Caliber Directly At 480-295-7600 For Further Information.
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Originally Published on December 14, 2018 at 09:37AM
Article published originally via “opportunity zone” – Google News https://www.prweb.com/releases/calibers_tax_advantaged_opportunity_zone_fund_in_place_to_support_executive_order_to_increase_spending_in_designated_opportunity_zones/prweb15989836.htm