Caliber – The Wealth Development Company has announced a new Tax Reduction Opportunity Fund for investors to take advantage of one of the best capital gains tax reduction programs of a generation. Created through the Tax Cuts and Jobs Act passed in December 2017, Opportunity Zones offer accredited investors the ability to invest realized capital gains into real estate projects in geographical areas designated by Arizona’s state government. These zones represent exciting, growing locations such as downtown Phoenix, Tucson, Tempe, Scottsdale and Mesa, where median incomes fall below the national average.
“We pride ourselves on providing wealth building private investments and we have spent nearly a decade investing and doing business in these recently designated zones,” said Chris Loeffler, Caliber founder and CEO. “Our Tax Reduction Opportunity Fund will allow investors to take advantage of our track record of profitable real estate investments while reducing and eliminating expensive capital gains tax they would otherwise have to pay.”
Arizona was one of the first states to have its Opportunity Zones federally approved and in total 168 zones – across every Arizona county – have been designated for the program. Caliber’s fund will include investments in multifamily, hospitality, commercial and residential developments. The offering will include several areas in which Caliber already has a proven track record and a pipeline of new projects.
Capital gain from a sale or exchange of any property, sale of stock or sale of business assets will be able to benefit from Caliber’s Tax Reduction Opportunity Fund as long as it is invested within 180 days of the gain being realized. As this is a short window, Caliber is planning to open the Fund for investment and ensure investors with Q1 2018 gains can take advantage of the offer. For details on investment options or to learn more about Caliber, visit CaliberCo.com.