Acqua Apartments is a 100-Unit Qualified Opportunity Zone Apartment Complex to be sold on completion as an Original Use Asset prior to lease-up. It is in close proximity to the Portland Central Business District, Oregon Health & Science University, Portland State University, Under Armour World Headquarters, South Waterfront, and MAX Light Rail, Portland Streetcar, and Aerial Tram stations.
Allows you to step into the shoes of a Qualified Opportunity Zone Fund or Business at certificate of occupancy for full tax benefits.
Currently under construction, and will be delivered at completion in July 2019.
Qualifies as an “Original Use Asset” under US Treasury Department regulations regarding Qualified Opportunity Zone Investments with no additional improvements required.
Allows for an immediate Opportunity Zone business plan and cash flows without having to acquire, permit, and develop from the ground up. No construction cost risk.
Offers extraordinary tax savings from capital gain deferral, bonus depreciation, and capital gains forgiveness resulting in over 400 basis points to before tax expected returns over 10-year hold.
A “Core +” 100-unit market rate apartment asset with the ability to have added revenue through short-term, managed rentals.
Located in one of the Nation’s Top 10 Opportunity Zone markets, offering exceptional growth potential and long-term value.
Can offer a savvy, well-capitalized investor first year returns from tax savings of approximately $4,600,000.
