Over 900 people a day are moving to the State of Florida. The Tampa Bay area is anticipating at least 700,000 new residents in the next 10 years.
The Fund will invest in new commercial and residential developments throughout the Florida Sun-Coast region. The real estate markets have been strong throughout the region. The Company intends to leverage these opportunities in the market and build a balanced portfolio of strong growth market developments.
The real estate investments are directed into income-producing properties including condos, single family rentals, apartment buildings, and service-related commercial buildings.
Central Illinois Opportunity Fund, LLC focuses on real estate development in Opportunity Zones located in Central Illinois. It makes strategic investments in communities where our local presence and experience provide a unique advantage in determining both the value of a proposed project and the project's execution.
The Fund offers attractive returns with tax incentives for investors who re-invest unrealized capital gains. Our projects are developed as long term holds to maximize the Ozone benefits.
We can produce high-interest returns based on our ability to leverage national and local incentives and expertise through all phases of real estate development.
We are targeting safe, growing communities with lower property taxes and employment opportunities. Our Fund provides alternative investment opportunities in real estate to investors that would not normally be available.
Investors will be able to reap the investment returns from the portfolio, pass through depreciation, and long term gains with attractive tax benefits that will generate higher returns and mitigate risk factors.
The primary mission is to maintain the highest in ethical investment practices and offer investors for superior real estate capitalization.
Investor: Capital gains. Timing -180 days. Rollover gain deferral and reduction. Post-acquisition gain exclusion. These funds would avoid future capital gains tax on the new investment.
Qualified Opportunity Fund: Geography must lie within the Qualified Opportunity Zone (QOZ). Fund invests in QOZ property.
Qualified Property/Business: Partial exclusion of the original tax on gain until 2026.
Year 5 Taxpayer's basis is increased by an amount equal to 10% of the rollover gain.
Year 10 Taxpayer's total basis is the equal to the fair market value at the time of sale or exchange. At this time, taxpayer has already paid tax on rollover gain. This has the effect of excluding additional tax gain on the new investment.
Investors (individual or entity) receive tax benefits by making an equity investment in a QOF which will invest in areas designated as Qualified Opportunity Zones (QOZ).
Any gain treated as a capital gain (including net 1231 gain) generated from a sale with an unrelated party qualifies. Investors have 180 days from the sale or exchange in which to invest the gain in the Fund. If the gain flows through a partnership or Corporation the shareholder generally has 180 days from the end of the entity's tax year (12/31 to the following 6/29). Taxpayer files Form 8949 for year taxpayer elects to defer gain.
*Prospective investors should consult their accountant related to any tax information.