By investing in the Propel Opportunity Zone Fund, investors have the opportunity to Do Good by promoting economic growth in underserved areas, and to Do Well through returns on investment, plus potential tax benefits. Potential tax benefits include: (i) tax deferral through 2026 for capital gain invested, (ii) elimination of up to 15% of the deferred capital gain, and (iii) potential elimination of tax on new capital gains achieved during the holding period.
Also, unlike 1031 exchanges, capital gains invested in a qualified Opportunity Zone Fund do not have to be real estate related, and an investment of the capital gain does not require investment of the original capital base.* We are sure you will agree that the Opportunity Zone Fund provision is quite different than anything you have seen.
As you explore investment alternatives, we invite you to explore the Propel Opportunity Fund. We are committed to providing strong returns to our investors while at the same time changing the world, one community at a time. Through careful, thoughtful, methodical investment, our goal is to be the best opportunity fund in America. We are happy to answer any questions you may have and look forward to your thorough review of our fund.
Frank Austin and the entire Propel Team
*The statements above are not offered as financial or legal advice and should not be taken as such. As with any investment, we advise you to consult an attorney or qualified tax professional for appropriate legal and tax advice before making any investment decision.