Ellavoz Shared Values Opportunity Fund III

The Ellavoz Shared Values Opportunity Fund III  invests in multifamily residential, commercial and industrial properties within designated opportunity zone census tracts.

  • We  identify properties in partnership with private developers, opportunity zone land owners and our non-profit partners, who have established priority relationships in these communities.

  • FUND III targets New Jersey and Florida communities for investment. The FUND currently has 3 projects under contract with a total of 157 build-to-rent single family homes planned in Jacksonville, Florida.

  • The FUND has a Veterans preference for affordable rent set asides.

Understanding Opportunity Zone Investing

What is Opportunity Zone Investing?

The Tax Cuts and Jobs Act of 2017 created the most significant tax reduction incentives in a generation to direct private sector capital into economically distressed communities, known as “Qualified Opportunity Zones (QOZ).”

What are the Tax Incentives?

If an investor reinvests a capital gain into a QCZ within 180 days then there is a…

  1. Deferral, until 2026, of the federal tax and most states taxes on the original capital gain

  2. Tax exclusion on the entire gain from the investment in the opportunity fund if held by the taxpayer for at least 10 years

Example: Taxable Investment vs. Opportunity Fund Investment

Jacksonville Market Overview

Jacksonville is currently the largest city in the US by landmass which helps grow its strong economy, diverse culture, and makes for an overall abundance in natural resources. It makes for one of the hottest destinations in the US for both travel and a homeowner's choice of location.

  • A growing population: Jacksonville's population is expected to continue to grow in the coming years. This growth is being driven by several factors, including the city's strong economy and its attractive location.

  • A strong economy: Jacksonville is home to several major employers, including 4 fortune 500 companies located in Jacksonville and multiple military bases.

  • A diverse culture: Jacksonville is a diverse city, and it is home to people from all over the world. The city's diversity is reflected in its food, music, art, and culture.

  • Abundant natural resources: Jacksonville is home to abundant natural resources, including the St. Johns River, which is the longest river in Florida.

Home and rent prices are growing at the fastest recorded pace in history. One of the main causes of this is an increased demand in attainable housing. Due to this increased demand, occupancy rates are at all-time highs, while inventory remains at historic lows. Overall, the rent growth in Jacksonville has seen a higher annual growth rate compared to the national average. Jacksonville is growing at a rate of 8.5% higher compared to the rest of the country.

Jacksonville Economy

Toyota and General Motors have both built distribution centers in Jacksonville, a major center for import and export distribution.

The area is surrounded by four military bases, drawing in a need for affordable housing

  • Naval Air Station Jacksonville

  • Naval Submarine Base Kings Bay

  • Naval Station Mayport

  • Florida Air National Guard

Naval Importance

Naval Air Station Jacksonville: This Air Station is the largest Naval Base in the Southeast United States. It is also the fastest growing, with nearly 20,000 employees.

Naval Submarine Base Kings Bay: Naval Submarine Base Kings Bay in Kingsland, GA employs 9,000 and is home to US Navy ballistic missile submarines armed with Trident nuclear weapons, spanning 16,000 acres.

Naval Station Mayport: Naval Station Mayport is a significant military base, housing a bustling seaport and air facility. Located in Jacksonville, it's the third-largest fleet concentration, employing 9,000 people and serving as a major employer in the area.

Real estate investing is speculative and involves a high degree of risk, including potential loss of principal, therefore investors must be Accredited investors who can understand the risk and accept the potential loss of their investment.  Investors should read the full Private Placement Memorandum, Operating and Subscription Agreements and consult with their legal counsel and professional financial advisors before investing.