| Fund Name | Kress OZ LP |
|---|---|
| Fund Manager or Organizer(s) | Ovation Partners LP |
| Fund Size | $20,000,000 |
| Fund-Related Website | ovationpartners.com |
| Investment Focus |
Commercial Real Estate
|
| Geographic Focus |
Texas
|
| Additional Fund Details | This is a single-project QOF. Located in San Antonio, TX, the identified Project is to renovate and reposition an existing commercial office development that is currently planned to include a five-story office building consisting of 62,748 square feet, an adjacent two-story office building consisting of 32,295 square feet, and a surface parking lot. |
| Organization Details | Ovation Partners, LP is an asset management firm focused primarily on private credit, specialty finance and other unique, yield-oriented investments. Founded in 2010, Ovation has grown to more than $550MM in AUM. In early 2018, Ovation began analyzing qualified opportunity zone (“QOZ”) investments and believes that fully entitled and shovel-ready projects might mitigate the risk associated with strict deployment time frames mandated by the QOZ Regulations. Ovation will offer interests in single-project QOFs. Along with the respective developers, we’re committing nearly $10 million of our own capital gains into the projects. |
| Fund Contact | |
| Name | Anna Jones |
| Job Title | Investor Relations Manager |
| Phone | (512) 647-6060 |
| investorservices@ovationpartners.com |