A new economic development program to encourage long-term investments in low-income areas with benefits for family offices
The passing of the Tax Cuts and Jobs Act of 2017 created Opportunity Zones – a new tax-deferral opportunity for recently realized capital gains. The law passed in December of 2017 and allowed for state governors to designate specific census tracts, called Opportunity Zones (“OZs”), that have potential for revitalization.
By adhering to certain guidelines, investors can take realized capital gains from other investments and put them into an OZ or Qualified OZ fund that targets OZs and receive a combination of:
Not surprisingly, OZs have peaked the interest of family offices, high-net-worth individuals, and large private bank clients.
The McNally Capital Solution
McNally Capital is pursuing a comprehensive OZ Strategy to harness and leverage our robust and deep family office network:
Identify those family offices who have either newly realized capital gains or intend to do so in order to participate within 180-day reinvestment period as designated by OZ regulation
Source and screen real estate and operating company investments using a proprietary framework
Bridge the gap between private sector investment and urban development while capitalizing on the benefits of the OZ framework
McNally Capital's Unique OZ Investment Platform
10+ years and 800+ FamilY OFFICE RELATIONSHIPS
Proven track record of providing access to Direct Family Capital; backed by 150+ years of family relationships
15+ TEAM MEMBERS
Leverage and harness our team of professionals with vast experience in Private Equity, Investment Banking, Consulting and Executive Management
Dedicated McNally Capital team focused on screening and executing Opportunity Zone investments
Screening & Sourcing
Proprietary screening process to source, diligence and invest in new OZ investment opportunities
Established partnership with seasoned commercial Real Estate industry executive Joseph Cahoon to advise on all phases of the OZ investment process
Unique investment framework allows for alignment of interests and facilitates simplified execution of investments
LEARN MORE AND STAY INFORMED
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