2019 was a landmark year for Capital Hall Partners, marking our first full year of engagement in Qualified Opportunity Zones (QOZs) following the 2017 Tax Cuts and Jobs Act. We now have 5 active investments in the QOZ space: 3 in the Greater Boston Area and 2 in Phoenix. Our enthusiasm behind these projects could not be higher—we see Boston and Phoenix as two of the most exciting job creation hubs in the country.
Our latest QOZ investment is in Phoenix, where we are under contract to acquire a 100,000- square foot building aptly named PHXTECH. We are targeting an $8 million fundraise for the project with approximately $4 million raised to-date and a closing date of April 22, 2020. Please contact us directly at email@example.com for investment inquiries and for more detailed information.
The Greater Phoenix area is brimming with economic opportunity. Over the last 70+ years, the city has developed a diversified tech ecosystem, home to high-tech manufacturing, R&D, software companies and next-generation technologies. Tech hubs elsewhere in the country are generally known for exorbitant cost of living and restrictively high wages, but Phoenix stands out for having neither—being known instead for a deep talent pool, low labor costs, and some of the best housing affordability in the country.