Press Release (ePRNews.com) - SAN FRANCISCO - Jan 10, 2019 - San Francisco based JMA Ventures, LLC (“JMA”), a real estate investment and development firm, today announced the launch of its second qualified opportunity zone fund. The JMA opportunity fund will invest in ground-up development and renovation projects located in the Western United States in areas designated as qualified opportunity zones. The fund will target several real estate asset types, including hospitality, office, multi-family, and mixed use.
When asked about the JMA opportunity fund, CEO Todd Chapman remarked:
“Many groups are racing to the newly created opportunity zone space, but they lack a multi-decade, vertically-integrated development firm to execute on projects. JMA is uniquely positioned to be a leader in the opportunity zone space because of its internal expertise and established track record managing and completing complicated development projects. Given the strict guidelines for development and deployment of capital imposed by the opportunity zone statute, an ability to execute on development will be critical to the success of any opportunity zone investment. Moreover, the tax benefits of the opportunity zone program are only meaningful if the underlying asset is successful, therefore JMA’s experience vetting successful projects and leveraging various methods of data analytics to pinpoint and predict strong performing projects are important advantages of the fund.”
During its 32-year history, JMA has focused on providing quality products and improving the communities in which the firm conducts business. In recent years, JMA has managed the development of over $2 billion of real estate assets from concept and entitlement through completion and operation. The company’s portfolio includes landmark properties that span hospitality, resort, destination, residential, retail, office and commercial developments, including, for example, the development of the Sacramento Downtown Commons (which is located in an area later designated as a qualified opportunity zone), a 1.5M square foot mixed-use development composed of 300,000 square feet of retail, 120,000 square feet of office, a 250-room hotel, and 45 condominiums, all surrounding a 17,500 seat arena, which is home to the NBA’s Sacramento Kings. Other JMA projects include the Fairmont Heritage Place Private Residence Club at Ghirardelli Square in San Francisco, California; The Battery, a 278-unit multi-family development adjacent to Chase Stadium in Phoenix, Arizona; the Constellation Residences at Northstar in Truckee, California; Homewood Mountain Resort in Tahoe, California (including the West Shore Café, and High & Dry Marina in Lake Tahoe); the Red Lodge Mountain Resort in Montana; the Hyatt Regency in La Jolla, California; and the Bay Club Company portfolio of 25 sports resorts.
For additional information about JMA, please visit www.jmafund.com.
Investor Relations Contact
Kaitlin Lopin | Phone: 415.728.0774 | Address: 460 Bush Street, San Francisco, California 94108 |Email: firstname.lastname@example.org |Website: www.jmafund.com
This press release (i) is for informational purposes only, (ii) does not provide, and should not be relied upon for investment, accounting, legal, or tax advice, (iii) should not be construed as a statement of actual, projected, or implied returns, and (iv) is not a solicitation of capital. You should consult your own tax, legal, accounting advisors before engaging in any transaction. This press release references and provides information related to the Act, which was enacted in recent months and is subject to further guidance from the Secretary of the Treasury and Commissioner of the Internal Revenue Service. Source :
JMA Ventures, LLC