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Hi ,

Have you heard the buzz around Opportunity Zones?  Opportunity Zones were established by Congress in the Tax Cuts and Jobs Act of 2017.  Opportunity Zone legislation is a new community development program to encourage long-term investments in low-income urban and rural communities across the country.

Opportunity Zones are designed to spur development by providing tax benefits on a sliding scale to investors based on the length of the hold period ranging from five to ten years.  This program provides investors with the opportunity to defer and even eliminate capital gains tax in exchange for investment in these designated zones.

For investors with existing assets that have generated capital gains, Opportunity Zone investing gives them the ability to deliver a sizable tax break while also infusing capital into potentially undeserved investment areas across the country. 

In early 2018 through its legacy fund, LMDG acquired two adjacent parcels within an Opportunity Zone in the historic East Village Arts District of Downtown Long Beach.

 

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228 and 234 Elm represent over 12,000 square feet of developable space in an area zoned high-density development.

The streets of the East Village are lined with designer shops, art galleries, coffee shops, breweries, and is home to dynamic development.

The city of Long Beach has also approved "The Broadway Development" (a mega project), located directly across the street from the Elm location.

Lastly, Fund II is still open to new investors. For more information, download our flyer which outlines the strategy and structure of Fund II, projected returns, and our track record.

Regards,

Aaron Merriman

                                            Download Flyer