In The News
Jamie Stolpestad is building two apartment buildings in St. Paul’s St. Anthony Park neighborhood, right in the heart of an “O-Zone.”
Loren Schirber is gearing up for the “O-Zone” on St. Paul’s East Side, where he foresees at least two dozen tiny apartments, a dog park, a solar installation and an all-season food truck hall.
They’re hoping $100 million in projects will follow, including the massive redevelopment of Ramsey County’s former Government Center West building on Kellogg Boulevard.
Minnesota Opportunity Zone Advisors (MN-OZA) has launched the D.R.E.A.M. Fund, an Opportunity Fund focused on Minnesota Opportunity Zones.
Investors can benefit from the federal tax incentives afforded such Opportunity Funds under the recently enacted Invest in Opportunities Act.
The D.R.E.A.M. Fund (Developing Real Estate in Emerging Areas of Minnesota) is focused on eligible real estate investments (new developments and substantial rehabilitation) within the Minneapolis-St. Paul metropolitan area Opportunity Zones and those in larger communities across Minnesota.
A new fund hopes to take advantage of last year’s federal tax reform to put $100 million or more into real estate development in Minnesota’s most disadvantaged communities.
Across Minnesota, 128 census tracts have been designated opportunity zones under the Tax Cut and Jobs Act of 2017, marking them as low-income communities in need of investment.
The recently published IRS rules have a lot of people interested.
MINNEAPOLIS—The recently enacted Invest in Opportunities Act, along with a set of guidelines issued last week by the US Treasury Department, has excited a lot of interest from developers and investors who want to take advantage of federal tax incentives now offered to projects in so-called Opportunity Zones. And that includes well-known names from the Twin Cities.
Minnesota Opportunity Zone Advisors, a mission-oriented real estate investment manager, has launched the D.R.E.A.M. Fund to focus on the state’s opportunity zones, both in the Twin Cities and other larger communities. Gov. Mark Dayton identified 128 zones that were then certified by Treasury officials, who administrator the program.
MN-OZA seeks to drive social impact through our activities and processes. We strive to be transparent and collaborative. We partner with local communities, community organizations, civic leaders, elected officials and under-represented community members to identify and prioritize transformative investments.
We strive to attract and inspire young people, especially people of color, to learn how to become investors, developers, real estate domain experts, community organizers, economic development leaders and the like, so we can train the next generation of community leaders.
To arrange interviews and speaking engagements please contact:
Loren Schirber 612-501-0358 or Jamie Stolpestad 203-585-7248