Sponsored by Kilbourne, LLC
The Tax Cuts and Jobs Act of 2017 created the Qualified Opportunity Zone (QOZ) program as a method to provide potentially significant tax benefits to investors who reinvest capital gains into long-term investments located in so-called “Opportunity Zones” as designated by each state and approved by the Treasury Department.
The QOZ program is suited for investors who have substantial capital gains and a desire to realize them in a highly tax-efficient manner. Investors are generally able to defer federal taxes on any recent capital gain until December 31, 2026, reduce that tax payment by up to 15% and pay as little as zero taxes on potential profits from the Opportunity Zone Fund if the investment is held for ten years.
The Great Plains Opportunity Zone Fund (GPOZF) is sponsored by Kilbourne, LLC and will be dedicated to Opportunity Zone eligible real estate development primarily in downtown Fargo, North Dakota and other urban areas in the Great Plains. Kilbourne, a full-service real estate firm located in Fargo, offers over 10 years of experience in development, design, construction management, and operation of real estate projects, including multifamily, hotel, commercial, and retail uses. Since 2006, Kilbourne has developed, or is in the process of developing approximately $350 million of real estate projects in downtown Fargo.
27,000 college students
28% more millennials per capita than national average
20% more bachelor’s and graduate degrees per capita than US average
$4.5 billion in building permits over last five years
Property values of downtown have more than tripled since 2001
10 coffee shops
8 art galleries
6 theater companies
As an experienced developer, Kilbourne has several Opportunity Zone real estate projects located in downtown Fargo in a “shovel-ready” condition, meaning designed and ready for financing, entitlement, and commencement. In addition, there are many other investment opportunities in various stages of development located in downtown Fargo that are eligible for Opportunity Zone investment.
After-tax gains on an OZF investment can be more than double those of a similar investment without the OZF benefits. The table below illustrates an investor’s potential after-tax returns in an OZF investment compared to the investment of capital gains in a traditional investment, both appreciating at 10%.
All right, title and interest in and to the information contained in this website is the sole and exclusive property of Kilbourne, LLC (“Sponsor”). The information contained herein is not intended to provide professional, investment, legal or tax advice and should not be relied upon in that regard. The contents hereof are for general information only and are not provided with regard to your specific investment objectives, financial situation, tax exposure or particular needs. This is not a recommendation of, or solicitation for, the subscription, purchase or sale of any security, including the fund mentioned herein. Nothing contained herein should be used as the basis for making any specific investment, business or commercial decision. You should read the final confidential offering memorandum, partnership agreement and/or other supplemental and controlling documents before making an investment decision regarding any particular security carefully before investing in any security. Investments, including interests in real estate and private equity funds, are subject to investment, tax, regulatory, market, macro-economic and other risks, including loss of the principal amount invested. Past performance as well as any projection or forecast used or discussed on this website are not indicative of future or likely performance of any investment product. Statements may be forward looking and are not intended as specific investment advice or guarantees of future performance. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such statements. The contents of this website are subject to change and may be modified, deleted or replaced at any time in Sponsor’s sole discretion. In particular, Sponsor assumes no responsibility for, nor make any representations, endorsements, or warranties whatsoever in relation to the timeliness, accuracy and completeness of any content contained in this website. While care has been taken in preparing the contents herein, such contents are provided to you “as is” and“as available” without warranty of any kind either express or implied. In particular, no warranty regarding suitability, accuracy, or fitness for a particular purpose is given in conjunction with such contents. Sponsor shall not be liable for any loss, damage, costs, charges and/or expenses incurred as a result of or in connection with this website or any reliance on its contents.