DLA Piper advises EquiAlt on the formation and offering of its US$500 million Qualified Opportunity Zone fund

DLA Piper represented EquiAlt LLC, in the formation and offering of their recently formed EquiAlt Qualified Opportunity Zone Fund, LP that purchases and develops properties within Qualified Opportunity Zones in Florida and other jurisdictions. The EquiAlt family of funds holds approximately 400 properties throughout Central Florida and Tennessee, with an emphasis on residential and beach resort properties. Nearly half of their existing portfolio falls within Qualified Opportunity Zones.

With its decade-long track record of success in real estate acquisition, development and leasing, EquiAlt is well positioned in the market, and is able to offer investors the opportunity to potentially defer their prior gains.

The DLA Piper team was led by partner Paul Wassgren, and also included partner Warren Kessler and associate Michael Wiener (all Los Angeles).