New QOZ Property Developments on the Texas Gulf Coast
The Blue City Paraiso, our initial project, is a boutique hotel, spa, and conference center located near the Rockport Cultural Arts District, surrounded by galleries, art studios, bars, restaurants, and shops so there is always plenty to experience. At the resort, you will find sixty suites with access to upscale pools, a spa, and even a bar with just the right space to entertain or share a beverage with the other guests and locals.
A QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the U.S. Treasury via his/her delegation of authority to the Internal Revenue Service (IRS).
Coastal Bend OZ Fund is happy to announce that we are officially a verified member of the Verivest Sponsor Network! We are committed to trust and transparency, helping you invest your hard-earned money with peace of mind.
Opportunity Zones were conceived in the midst of a deeply uneven recovery that followed the Great Recession and designed to help meet the needs of communities traditionally deprived of investment dollars. The incentive is structured in a way that encourages investors to redeploy capital gains from successful investments into new, long-term investments in the kinds of struggling communities that they would normally overlook.
Our team of investment and asset management professionals, led by our Fund Manager, has a diverse background in financial, insurance, real estate, and banking. The experienced leadership team oversees the marketing, investor relations, real estate development, and financial controls; all with the goal of maximizing cash flow and protecting our invested funds.