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The First Opportunity Zone Fund, One Year Later – Quinn Palomino on OpportunityDb Podcast

It’s been over one year since we first launched our first Opportunity Zone Fund. Since then we have raised roughly $100 million, nearly half of which has already been deployed. We have also celebrated the groundbreaking of multiple projects. Listen to the full podcast here In the 50 minute podcast episode, Quinn Palomino discusses how

Shay Hawkins on the need to restore reporting requirements in Opportunity Zones in Morning Consult

Shay Hawkins is the President and CEO of the Opportunity Funds Association. He served as Senator Tim Scott’s (R-SC) Tax and Economic Policy Counsel during the Tax Cuts and Jobs Act and Treasury’s subsequent Opportunity Zone Regulation implementation. In this op-ed submission Shay discusses the need for a firm set of reporting standards to measure

Virtua Capital Management Hires Two Industry Veterans as VPs of Strategic Relationships

Virtua Capital Management, the capital formation arm of Virtua Partners, has hired Michele Drummond and Michele Kyoko Wiens to each serve as vice presidents of strategic relationships to assist Virtua in raising capital nationwide. Find out more about how these two industry veterans will help propel the Virtua team!

Virtua EVP, Oliver Schwab, Joins Board of Opportunity Funds Association Founded By Former Senator Scott Staffer

Shafron “Shay” Hawkins, a former staffer for Senator Tim Scott, the main author behind the Opportunity Zone legislation, has confirmed his departure to found the Opportunity Funds Association, a Section 501(c)(6) trade association, with Surya Gunasekara, a lobbyist and former chief of tax and tax counsel for form Rep. Jim Renacci. The association will lobby

Virtua Credit Secures $17.6 Million in Opportunity Zone Funding for Virtua Partners and Quyp Development

Virtua Partners affiliate, Virtua Credit, has secured $17.6 million in opportunity zone funding for Virtua Partners’ development of 1,300 residential units and 250,000 square feet of commercial space. The projects aim to allow investors to defer income taxes on capital gains and potentially reduce or eliminate federal income taxes for their investment in these properties,

Virtua CEO Quinn Palomino Offers Her Advice on Opportunity Zone Fund Reporting – It Should Be Simple

Principal of Virtua Partners, Quinn Palomino, suggests that fund reporting be impactful, but simple. “It should include a breakdown of the number of jobs created with salaries and training for opportunities for upward mobility and, in the case of housing developments, the number of units created at market rate, workforce rate (priced for those earning

Virtua Partners Cited as First Firm to Break Ground on Opportunity Zone Project

In this GlobeSt.com story, Virtua Partners’ CEO Quinn Palomino speaks on Virtua Partners breaking ground on the first ever Opportunity Zone project – a Springhill Suites by Marriot in Avondale, AZ. The 130-room hotel is built on a vacant lot in a designated Opportunity Zone. In total, Virtua Partners’ development will create at least 30

National Real Estate Investor Quotes Virtua Partners on Need to Establish Social Impact Metric System

If done right, Opportunity Zones have the potential to be tremendously transformative for our communities. Virtua believes it a duty of the fund sponsors to define and comply to metrics of which this impact can be measured. “The long-term viability of the Opportunity Zone program is dependent on producing the social benefits promised to the

Virtua Partners Featured in the New York Times

On February 1st, Virtua Partners broke ground on the first-ever Opportunity Zone development and hosted a round-table discussion featuring key program advocates, local and national government officials and other program stakeholders. The event was covered exclusively by The New York Times. Read the full story here.