Opportunity Zone Investments: Fund II
Fund II is a $200 million fund we launched in 2021. Fund II includes the Icon, Echo, Gifford Place and Keystone ground-up development projects, all located in Downtown San Jose, California. Icon is a roughly 500,000-square-foot office high-rise, while Echo is an adjacent, 388-unit apartment tower. Both are located along Santa Clara Street, San Jose’s main drag, and across the street from City Hall and a future Bay Area Rapid Transit (BART) station. We broke ground on Keystone, our 176-key extended-stay Marriott TownePlace Suites, in January 2023. Gifford is a 169-unit senior living project about a block away from Keystone.
Find out more about our Fund II projects below
What is a QOZ?
Qualified Opportunity Zones were created by the 2017 Tax Cuts and Jobs Act. These zones are designed to spur economic development and job creation in communities throughout the country by providing tax benefits to investors who invest eligible capital into these communities.
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Here's What We Have To Say
Google has broken ground in downtown San Jose this month
Start ReadingProposed new OZ Legislation should be good for investors
Start ReadingWe’re about to break ground on Keystone
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