Opportunity Zone Investment Benefits

Habitas means living. Our ultimate goal is to enhance community living by bringing exciting mixed-use development to meet the needs of the communities we work with.

Habitas Opportunity Capital’s opportunity zone funds will feature institutional-grade transparency and oversight, with third party fund administration and no blind-pool investment risk.  The firm’s first Qualified Opportunity Zone Funds will be launched in Q2 2019 and feature multi-family real estate development projects located primarily in the New York Tri-state area.

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Habitas Opportunity Capital

Habitas Opportunity Capital is a partnership between TigerBridge Capital, a specialty finance company focused on structuring, raising and managing private funds on behalf of a global network of investors, and Forte Real Estate Development, an integrated real estate development, investment management and operations firm that invests in, repositions and develops medium and large size residential properties in the Tri-State area.

The firm structures and manages single asset Qualified Opportunity Zone Funds, with a focus on making investments in identified real estate development projects that will have a transformative impact on their communities. The firm’s principals have a wealth of institutionally focused investment management, capital markets and real estate experience.

Projects

FZ7A9095.jpgWhile the entitlements and approvals for the project are currently being completed, the project is expected to be “shovel ready” in the 2nd Quarter of 2019. This project is in close proximity to the New Jersey Turnpike and the Northeast’s major metropolitan markets, making it a superb location within a large transportation network that’s attractive for retail, office and residential tenants. The project is located 22 miles south of the Holland Tunnel (across Arthur Kill from Staten Island) and 10 miles south of Newark International Airport.

  • The currently proposed plans are comfortably within the municipality’s zoning and planning code requirements, where it will offer 3,000 sq. ft of first-class retail commercial space and 7,000 sq. ft restaurant space on the ground floor.

  • The project will also offer a penthouse rooftop with a BBQ / lounge area and 242 compelling residential units, all within the heart of the downtown area with unparalleled views along Arthur Kill.

  • The unit mix will include 117 one-bedroom units and 125 two-bedroom units. This includes conservative rental income assumptions, with 314 designated parking spaces in total between a first-floor parking garage and below deck parking spaces. Currently, we are above the minimum required spaces per zoning requirements.

INFO ABOUT MIDDLESEX COUNTY:

  • Comprised of 25 municipalities, Edison, Woodbridge, and Old Bridge Township being the largest.

  • Located one hour north of Philadelphia and 30 minutes south of New York City.

  • Second fastest growing and second most populous county in the state of New Jersey, with a population of more than 850,000 residents.

  • Home to more than 26,000 E-commerce jobs – the 4th largest growth in the nation over past decade.

  • 10 miles south of Newark International Airport, the nation’s 15th busiest airport, trafficking 43 million people a year through 50 different carriers.

  • The Rockefeller Group has acquired a 228-acre site in Piscataway, N.J., where it plans to build a 2.2 million- square-foot logistics center and cater to a booming e-commerce industrial real-estate market.

  • 7 million square feet of commercial space currently under construction.

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Opportunity Zones

The Opportunity Zones program was enacted as part of the 2017 federal Tax Cuts and Jobs Act and is designed to drive long-term capital investments into low-income rural and urban communities. This federal program provides opportunities for private investors to support investments in distressed communities through participation in Qualified Opportunity Funds.

  • Investors can defer paying federal taxes on capital gains reinvested in Qualified Opportunity Funds that invest in low-income communities, under rules released by the U.S. Department of the Treasury.

  • Reinvested capital gains are deferred from taxation until exit from a Qualified Opportunity Fund or December 31, 2026, whichever comes first.

  • The original gains reinvested in Qualified Opportunity Fund investments held for the long term, are taxed at reduced rates, with taxable gains discounted by 10% at the 5-year mark and by an additional 5% discount at the 7-year mark.

  • Any new gains from Qualified Opportunity Fund investments held for at least 10 years will be permanently excluded from the capital gains tax.

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