QOF

Aviation.One Fund Launches, Seeks Investors

Retrieved on: 
Monday, April 3, 2023
Heart, Learning, Maintenance, Aviation, Tax, Foot, Opportunity Fund, Multimedia, QOF, Investment, Economic development, Falcon Field (Arizona), Airline, AOG

The fund leverages the expertise of seasoned professionals in aviation, real estate, operations and asset management to optimize returns on investments.

Key Points: 
  • The fund leverages the expertise of seasoned professionals in aviation, real estate, operations and asset management to optimize returns on investments.
  • By participating in a QOF, investors have the potential to defer, reduce or even eliminate capital gains taxes and utilize additional tax incentives.
  • Aviation.One's vision is to establish itself as a leader in aviation services, delivering outstanding value to both customers and investors.
  • Investors interested in learning more about the Aviation.One Fund and its offerings are encouraged to visit our website or contact our team for additional information.

Ben Carmona, Managing Partner of Perch Wealth and Forbes Finance Council Member, Shares Expertise in Latest Article on Delaware Statutory Trusts (DSTs) and 1031 Exchanges

Retrieved on: 
Monday, April 3, 2023
QOF, Tax, Trauma surgery, Delaware statutory trust, DST, Investment, Sale, Life insurance

IRVINE, Calif., April 3, 2023 /PRNewswire-PRWeb/ -- Ben Carmona, Managing Partner of Perch Wealth, and Forbes Finance Council member, offered an insider perspective on Delaware Statutory Trusts (DSTs) and 1031 exchanges as two popular options for real estate investors seeking to potentially defer taxes and diversify their portfolios in his latest Forbes article.

Key Points: 
  • IRVINE, Calif., April 3, 2023 /PRNewswire-PRWeb/ -- Ben Carmona , Managing Partner of Perch Wealth , and Forbes Finance Council member, offered an insider perspective on Delaware Statutory Trusts (DSTs) and 1031 exchanges as two popular options for real estate investors seeking to potentially defer taxes and diversify their portfolios in his latest Forbes article .
  • Carmona brings more than 20 years of applied experience to the Forbes Finance Council, he is an expert in real estate investments, structures, and strategies.
  • The high barriers to entry that once existed have been reduced due to new investment options such as fractional ownership through Delaware Statutory Trusts.
  • Delaware Statutory Trusts (DSTs) and 1031 exchanges are popular tools used in real estate investing to potentially defer taxes and manage risk.

Washington, D.C., Top City for Investment in QOFs Tracked by Novogradac

Retrieved on: 
Thursday, February 9, 2023
Aurora, Qof, Security, Investment, CPA, City, QOF, SAN, Airline, Security (finance), Renewable energy

SAN FRANCISCO, Feb. 9, 2023 /PRNewswire-PRWeb/ -- Washington, D.C., is the leading city for planned investment by qualified opportunity funds (QOFs) tracked by national accounting and consulting firm Novogradac with $1.38 billion in planned investment as of Dec. 31, 2022. A total of 54 cities (in 25 states, plus the District of Columbia) have $100 million or more in planned investment.

Key Points: 
  • SAN FRANCISCO, Feb. 9, 2023 /PRNewswire-PRWeb/ -- Washington, D.C., is the leading city for planned investment by qualified opportunity funds (QOFs) tracked by national accounting and consulting firm Novogradac with $1.38 billion in planned investment as of Dec. 31, 2022.
  • California and Arizona continue to be the leading states for planned QOF investment, although Novogradac is tracking such investment in 48 states, plus the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
  • Los Angeles and New York City join Washington as cities with at least $1 billion in planned investment by QOFs tracked by Novogradac.
  • Novogradac also tracks QOF investment by the size of funds and by how much equity is managed by QOF managers.

Record Year for Investment Pushes QOF Equity Tracked By Novogradac Past $34 Billion

Retrieved on: 
Thursday, February 2, 2023
Super, Qof, CPA, Opportunity zone, Blog, City, Slowdown, High-Dollar Gospel, QOF, Security, Housing, Collection, Cryptocurrency, Renewable energy

SAN FRANCISCO, Feb. 2, 2023 /PRNewswire-PRWeb/ -- Overall investment in qualified opportunity funds (QOF) tracked by national accounting and consulting firm Novogradac reached $34.09 billion at the end of 2022–with a single-year record $9.68 billion of that being reported in the preceding 12 months.

Key Points: 
  • That total comes from 1,661 QOFs tracked by Novogradac, 1,274 of them reporting a specific amount of equity raised.
  • The equity amount raised in 2022 comes on the heels of a reported $9.24 billion raised in 2021 and $9.23 billion raised in 2020.
  • While 2022 saw a record amount of reported investment, the final three months saw a decline.
  • While the Novogradac data isn't exhaustive–the number of QOFs is undoubtedly higher and the total investment is a multiple of the Novogradac total–the Novogradac data provides indications of investment trends.

CapZone Analytics Launches Tech-Enabled Compliance Platform for Qualified Opportunity Funds and Investors

Retrieved on: 
Wednesday, January 18, 2023
Ecosystem, IRS, Architecture, Financial management, OZ, QOF, Qof, CZA, Family office, Friction, Risk management, Federal, DEEP, Life, Investment, Renewable energy, Cryptocurrency, Opportunity zone

DEEP ELLUM, Texas, Jan. 18, 2023 /PRNewswire-PRWeb/ -- Designed with the assistance of national Opportunity Zone (OZ) experts, CapZone Analytics' Compliance Platform provides direct business value to private wealth managers and fund managers to monitor investment portfolios efficiently within a complex regulatory framework and radically reduce the time and resources required to manage compliance for Opportunity Zone investments.

Key Points: 
  • CapZone Analytics' Opportunity Zone compliance and risk management platform is the first technology solution designed to address the complex reporting requirements and compliance processes mandated by Federal regulations for Qualified Opportunity Funds (QOFs) under 26 U.S. Code § 1400Z-2.
  • CapZone Analytics' Compliance Platform enables Qualified Opportunity Zone funds and investors to employ technology-forward tools to track, manage, and control the extensive detailed financial, legal, and operational data required over the life of Opportunity Zone investments, through 2047, to ensure accurate reporting to the IRS.
  • CapZone Analytics , the leading national provider of compliance risk management technology solutions for the $180 billion Opportunity Zone market, has announced the commercial release of its Compliance Platform, the first automated solution designed to meet the evolving needs of Qualified Opportunity Funds (QOFs) and Family Office investors and wealth managers.
  • "Today, Qualified Opportunity Funds face enormous challenges in the timely reporting of accurate information to the IRS," said Jonathan Ewert, CEO of CapZone Analytics.

ALJ Regional Holdings, Inc. Completes Reverse Dutch Auction Tender Offer

Retrieved on: 
Wednesday, January 4, 2023
Transfer, OTC, QOF, ALJ, Security (finance), Merritt Ranew

NEW YORK, Jan. 3, 2023 /PRNewswire/ -- ALJ Regional Holdings, Inc. (OTC PINK: ALJJ) (the "Company") announced today the final results of its reverse "Dutch auction" tender offer (the "Offer"), which expired on December 29, 2022 at 12:00 midnight New York City time.

Key Points: 
  • NEW YORK, Jan. 3, 2023 /PRNewswire/ -- ALJ Regional Holdings, Inc. (OTC PINK: ALJJ) (the "Company") announced today the final results of its reverse "Dutch auction" tender offer (the "Offer"), which expired on December 29, 2022 at 12:00 midnight New York City time.
  • The 10,236,945 shares purchased in the Offer represent approximately 28.2% of the Company's shares outstanding immediately prior to the Offer.
  • Payment for the shares accepted for purchase under the Offer will be made promptly, and all shares tendered and not accepted for purchase will be returned.
  • Okapi Partners LLC is acting as the information agent for the Offer.

ALJ Regional Holdings, Inc. Commences Tender Offer to Purchase Up to 10,000,000 Shares of Its Common Stock

Retrieved on: 
Thursday, December 1, 2022
Transfer, OTC, Hand, Letter, Tax, QOF, ALJ, Security (finance), Cryptocurrency, Merritt Ranew

Under the tender offer, stockholders will have the opportunity to tender some or all of their shares of common stock at a price within the $1.84 to $2.00 per share price range.

Key Points: 
  • Under the tender offer, stockholders will have the opportunity to tender some or all of their shares of common stock at a price within the $1.84 to $2.00 per share price range.
  • If, based on the final purchase price determined in the tender offer, more than 10,000,000 shares of common stock are properly tendered and not properly withdrawn, then the Company will purchase shares tendered by such stockholders at or below the per share purchase price on a pro rata basis as specified in the offer to purchase.
  • The Company also reserves the right to purchase up to an additional 2% of its common shares outstanding or reduce the number of shares it is purchasing below 10,000,000 shares without amending or extending the tender offer.
  • Any shares purchased pursuant to the tender offer will be cancelled, and those shares will cease to be outstanding.

Caliber and Platinum Advisors to Develop 100-acre Mixed-Use Project Near Talking Stick Casino

Retrieved on: 
Thursday, November 17, 2022
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, Urban Planning, REIT, Investment, Tax cut, QOF, Price–101 Freeway/Apache Boulevard station, Greater Phoenix Economic Council, Salt River Pima–Maricopa Indian Community, Partnership, Opportunity zone, Platinum, Restaurant, Qof, Development, Riverwalk, Growth, Tax Cuts and Jobs Act of 2017, SRPMIC, Pavilion, Financial services, Nightclub, Caliber, Topgolf

This fund also seeks to provide equity for vertical development on this site, in partnership with developers or for Caliber sponsored developments.

Key Points: 
  • This fund also seeks to provide equity for vertical development on this site, in partnership with developers or for Caliber sponsored developments.
  • Jim Riggs, partner at Platinum Advisors, LLC, worked for four years to obtain the right to purchase the land lease.
  • Platinum Advisors, LLC and Caliber Realty Group, LLC represented Caliber as the buyers broker on the project.
  • In addition to the Talking Stick Casino and the Topgolf venue, the development is located near the Talking Stick Fields and Pavilions retail shopping center.

ALJ REGIONAL HOLDINGS, INC. ACQUIRES RANEW'S COMPANIES, COMPLETES REPURCHASES AND CERTAIN INVESTMENTS

Retrieved on: 
Thursday, September 29, 2022
Well, Income, Purchasing, Employment, QOF, Bill, Clayton Equipment Company, GAAP, Sale, LLC, Company, Acquisition, Private Securities Litigation Reform Act, Investment, OTC, ALJ, TTM, Share repurchase, NASDAQ, Collection, VWAP, Port Management Company, Failure, Faneuil, Security (finance), EBITDA, Note, Asset purchase agreement, Mark-to-market accounting, Merritt Ranew

Consideration paid by ALJ for the acquisition at closing was $20.8 million, subject to certain purchase price adjustments and certain earn-out payments set forth in the Purchase Agreement and described below.

Key Points: 
  • Consideration paid by ALJ for the acquisition at closing was $20.8 million, subject to certain purchase price adjustments and certain earn-out payments set forth in the Purchase Agreement and described below.
  • The acquisition was consummated through Resin Acquisition Corp. (the "Purchaser"), a subsidiary of ALJ.
  • At the closing, Purchaser issued Mr. Ranew 19.99% of the equity interests in Purchaser in consideration of the rollover of certain of Mr. Ranew's equity interests.
  • On September 26, 2022, ALJ invested approximately $20 million into its 99% owned subsidiary ALJ Qualified Opportunity Fund LLC ("QOF").

Novogradac Report Shows Investment in Opportunity Zones Continues to Grow

Retrieved on: 
Tuesday, August 9, 2022
U.S. Securities and Exchange Commission, Security, City, Introduction, Tax credit, QOF, Department of the Treasury, Ounce, Treasury Department Federal Credit Union, Qof, SAN, Opportunity zone, Head, Collection, Housing, Renewable energy, Cryptocurrency, OZ

SAN FRANCISCO, Aug. 9, 2022 /PRNewswire-PRWeb/ -- Total investment in qualified opportunity funds (QOFs) tracked by national accounting and consulting firm Novogradac surpassed $30 billion as of June 30, according to a special report released today.

Key Points: 
  • Novogradac Opportunity Zones Investment Report: Data Through June 30, 2022 , reports that $30.49 billion was raised by QOFs tracked by Novogradac for investment in opportunity zones (OZ).
  • "As the OZ investment incentive matures, investor interest is not waning," said Michael J. Novogradac, managing partner of Novogradac.
  • "This report confirms that even in these inflationary times, investors see opportunity zones as a wise investment."
  • Information on QOFs in the Novogradac Opportunity Zones Investment Report: Data Through June 30, 2022 , comes from a rolling collection of information by Novogradac.