SKYBRIDGE OPPORTUNITY ZONE FUND

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SKYBRIDGE OPPORTUNITY ZONE FUND

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SOZ REIT

Skybridge Opportunity zone
Real Estate Investment Trust, INC.

SOZ REIT is a private, non-exchange traded REIT with a mandate to invest in residential, commercial and industrial real estate (new development and redevelopment) in US Treasury-certified Opportunity Zones.

Tax Benefits

Investors in a Qualified Opportunity Fund can defer, reduce and even pay as little as zero taxes on potential profits if the investment is held for 10 years.

Deferral of Capital Gains

Taxpayers* with any capital gain – from the sale of any asset (e.g., stock, real estate, a business) – can defer taxation on an unlimited amount of realized gains until the earlier of the sale of the investment or year-end 2026 if the gain is reinvested within 180 days in a Qualified Opportunity Fund.

Reduction of Capital Gains

Capital gain liabilities associated with the sale proceeds are reduced by 15% if Opportunity Zone investments are held for at least seven years. Capital gains liabilities are reduced by 10% if held for longer than five years and less than seven years.

Tax Exemption/Exclusion

Investors pay no capital gains tax on new gains generated by a Qualified Opportunity Fund if held for more than 10 years.

Comparative Tax Benefits Example

Gain To Invest

Expected Annual Return

Standard Investment

Pay Tax, Reinvest in a non-QOF investment, Pay Tax Again

Qualified Oppurtunity Fund

Maximum Benefits (10 year hold)

Mary would earn

$623 more

and pay

$623 less

in taxes in QOF
than she would have in Standard Investment.
*defined as individuals, corporations, partnerships, trusts or estates.

What ARE Opportunity ZoneS?

The Tax Cuts and Jobs Act of 2017 created a generous tax incentive for investors to deploy capital into distressed communities in the United States called Opportunity Zones.

OPPORTUNITY ZONES ARE 8,762 LOW-INCOME CENSUS TRACTS COVERING 12% OF THE COUNTRY AND 35 MILLION PEOPLE

located in all 50 states, the District of Columbia and Puerto Rico

CENSUS TRACTS MUST MEET CERTAIN ELIGIBILITY REQUIREMENTS,

such as having poverty rates of at least 20% or median family incomes no greater than 80% of the surrounding area

GOVERNORS WERE GIVEN DISCRETION TO SELECT 25% OF ELIGIBLE TRACTS

in order to concentrate investment and direct capital for maximum benefit

QUALIFIED OPPORTUNITY FUNDS MUST HOLD 90% OF ASSETS IN OPPORTUNITY ZONE PROPERTY,

while 70% of tangible property owned or leased by the business must be qualified opportunity zone business property

TREASURY INCLUDED A SAFE HARBOR PROVISION IN THE MOST RECENT OPPORTUNITY ZONE DRAFT REGULATIONS,

meaning cash would qualify as an asset with regard to the 90% asset test for up to 31 months if certain conditions are met

SKYBRIDGE

OUR DIFfERENTIATED APPROACH

SkyBridge and our real estate partner, Westport Capital Partners, have developed a differentiated, research driven approach to screen the various Opportunity Zones.

SOZ REIT Research Process
  • In addition to primary markets, there are
    54 MSA’s (Metropolitan Statistical Areas)1 with populations greater than 1 million*
  • Rising Secondary markets are becoming
    new primary markets because of generational shifts
  • The next big cities are
    smaller, younger and highly educated
  • Quality of life and affordability
    are propelling secondary market growth
WESTPORT'S OWNERSHIP EXPERTISE
Westport has extensive ownership expertise and scale, having developed, re-developed, and managed a large number of real estate assets throughout the United States.
  • Office: 9 million SF
  • Land: 5,500 acres
  • Hospitality: 2,700 keys
  • Industrial: 18 million SF
  • Multifamily: 13,000 units
  • Retail: 1.5 million SF
SOZ REIT CHARACTERISTICS:
  • All investors subscribe at the NAV and have exposure to all properties
  • Multiple levels of Qualified Opportunity Zone Fund compliance oversight
  • KPMG performing deal-by-deal pro forma and ongoing compliance testing
  • User-friendly structure for the mass affluent investor, including monthly reporting, quarterly distributions, semi-annual repurchases, 1099 tax reporting
  • Multiple exit options
1) Metropolitan Statistical Areas (MSAs) are geographic areas defined by the United States Office of Management and Budget
*Source: CoStar as of November 2017

Note: The description of Westport’s investment process is intended to be representative, but the investment processes may be changed from time to time by Westport, and Westport may not perform certain steps, or may perform additional steps, in its discretion
OPPORTUNITY ZONES:

IMPACT INVESTING

Capital inflows into low-income census tracts should produce meaningful social benefits

JOB CREATION
REDUCTION IN UNEMPLOYMENT
INCREASE IN MEDIAN INCOME
REDUCTION IN POVERTY RATE
INCREASE IN NUMBER OF AFFORDABLE HOUSING UNITS
INCREASE IN HOMEOwnership

EDUCATIONAL RESOURCES

What is an Opportunity Zone? How can it benefit you? We've assembled a series of videos that explain everything you'll need to know to get started.

Learn More Recent Activities

What is an Opportunity Zone?

Learn More Recent Activities

What Are the Tax Benefits?

Learn More Recent Activities

How do I Invest?

External Resources

More information on the Opportunity Zone Program

External RESOURCES

What is an Opportunity Zone? How can it benefit you?

SOZ IN THE NEWS

The New York Times  |  February 20, 2019

Wall Street, Seeking Big Tax Breaks, Sets Sights on Distressed Main Streets

Distressed America is Wall Street’s hottest new investment vehicle.

Bloomberg  |  January 22, 2019

SkyBridge's Anthony Scaramucci on Opportunities in Credit, Real Estate

SkyBridge Capital founder Anthony Scaramucci discusses his outlook for hedge funds in 2019 and why his opportunity zone fund uses a “more unique structure.”

The Wall Street Journal  |  November 14, 2018

Rich Investors Eye Tax-Favored Development Funds

Wealthy investors, fund managers and real-estate developers are racing to take advantage of a tax incentive meant to spur economic growth in neglected areas.

SkyBridge Capital

Westport Capital partners