Foundation Capital Partners Announces Launch of Industrial Focused Opportunity Fund
NEW YORK - Aug. 17, 2018 - PRLog -- Foundation Capital Partners (FCP), a private real estate investment management firm based in New York City, today announced that it is raising an Opportunity Zone Fund to focus on the development of industrial properties and e-commerce logistics facilities.
An Opportunity Fund is a new investment vehicle created as part of the Tax Cuts and Jobs Act of 2017 to incentivize investment in targeted communities called Opportunity Zones. Opportunity Zones are census tracts, nominated by state governors and certified by the U.S. Department of the Treasury, into which investors can invest in new projects intended to spur economic development in exchange for certain federal tax benefits. Opportunity Funds enable investors to pool their resources in Opportunity Zones, increasing the scale of capital going to investments selected by an investment manager. Opportunity Funds allow investors to defer federal taxes on any recent capital gains (e.g., stock, bonds, real estate, a company, crypto currency, etc.) until December 31, 2026, reduce that tax payment by up to 15%, and pay as little as zero taxes on potential profits from an Opportunity Fund if the investment is held for at least ten years.
In its effort to achieve outsized returns for investors, FCP identifies disruptive trends in real estate investment opportunities. As e-commerce sales continue to grow at rates of 15-20 percent per year, and delivery times continue to tighten, FCP maintains strong conviction in pursuing opportunities related to e-commerce logistics. This trend has resulted in an overall increase in demand for industrial assets including the development of new supply in strategic markets.
To capitalize on these two dynamic trends in the real estate investment space, FCP has launched an Opportunity Fund to invest exclusively in industrial development with a focus on e-commerce logistics. FCP is currently raising capital for the fund and will close its first investment in a ground-up project in the Sun Belt at the end of Q4 2018.
About Foundation Capital Partners
Foundation Capital Partners is a private investment management firm focusing on real asset opportunities. To achieve attractive returns for its investors, the firm focuses exclusively on opportunistic and disruptive investment situations. The firm has extensive experience investing in public and private credit and equity markets across the United States. To learn more about the firm please visit http://www.foundationcapital.us.
Page Updated Last on: Aug 17, 2018