GTIS Partners (“GTIS”), a real assets investment firm that manages $4.3 billion in gross assets with a US focus on residential and industrial logistics investments, announced today that it has raised $630 million for its GTIS Qualified Opportunity Zone Fund I (the “Fund”).
Investors in the Fund include over 1,600 individuals across over 100 registered investment advisors as well as family offices. Unique in the Opportunity Zone space, the Fund was structured as a private REIT and a 506(c) offering available to accredited investors with a $100,000 minimum commitment.
The Opportunity Zone program was created as part of the 2017 Tax Cuts and Jobs Act and is designed to spur investment and economic development in underserved communities by offering, through Qualified Opportunity Zone (“QOZ”) funds, tax incentives.
You can now read the full press release at the link below