Fund Name | Cedar Creek Lake Opportunity Zone Fund |
---|---|
Fund Manager or Organizer(s) | Symfonia Ventures LLC |
Fund Size | $30,000,000 |
Investment Focus |
Mixed-use Development, Multifamily Residential
|
Geographic Focus |
Texas
|
Additional Fund Details | The Cedar Creek Lake Opportunity Zone, located an hour southeast of Dallas, TX, on the popular Cedar Creek Lake is a multi-phase development opportunity: (1) in a tax-friendly federal Opportunity Zone; (2) in close proximity to the robust Dallas / Fort Wort economy; and (3) located on Cedar Creek Lake, 32,000 acres surrounded by 13 growing communities. The phased development affords the benefit of generating a significant value increase on the equity invested over the entire 10 year term of the federal Opportunity Zone program. The projects require $30M to $40M of development equity from an investor focused on the tax benefits afforded through investing in a federally approved Opportunity Zone. Phase 1 ~ Carson’s Lakeside Villages ~ Florida-style lakeside beach community with 1,000 feet of beach Phase 2 ~ Island Towers ~ Florida-style high-rise towers with 360 degree lake views |
Organization Details |
LP / GP Structure Total Project Costs: Projected Returns: Contact the QOZ fund for further information. |
Fund Contact | |
Name | Leslie Wulf |
Job Title | Partner |
Phone | (214) 679-5263 |
les.wulf@symfoniaventures.com |