Viceroy Equities LLC, headed by Joseph Douek is pleased to announce its first Opportunity Fund.
The first in a series of Opportunity Funds to be managed by Viceroy Equities, the B’KOZ Fund will invest exclusively in real estate projects in Opportunity Zones in Brooklyn, NY.
The Tax Cuts and Jobs Act of 2017 enacted by Congress set out the formation of Opportunity Zones throughout the USA with the intent of catalyzing growth in various census tracts.
Based on the parameters of the program, we believe that each fund should be site specific aligning the timing of the fund and project, optimizing the benefits for investors.
By investing in Opportunity Zones through designated Opportunity Funds, investors can garner substantial tax benefits. Opportunity Funds allow investors to defer federal taxes on any recent capital gains 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 10 years.
The Opportunity Zone legislation leverages private investment, creating jobs and transformational opportunity for those areas. Our goal through the B’KOZ Fund is to invest in Brooklyn, NY real estate projects in Opportunity Zones only. We’ve limited the raise to $75 million allowing us to deploy capital in a focused manner that seeks to maximize investor returns. Expressions of interest should be emailed to, firstname.lastname@example.org
Disclaimer: Investments are limited to accredited investors only.
This is not an offer to sell or a solicitation of any offer to buy any securities. Offers are made only by prospectus or other offering materials. To obtain further information, you must complete our investor questionnaire and meet the suitability standards required by law. No tax advice should be construed from our statements. Consult your qualified tax professional for guidance.