Kilbourne Group was founded in 2006 as a catalyst for revitalizing downtown Fargo’s urban core and economic vitality. Kilbourne Group has invested in historical redevelopment and mixed-use infill projects in downtown Fargo, designed to create a vibrant 18-hour city that offers unique experiences and places designed for people. Today, downtown Fargo is thriving with a retail district of more than 300 unique retail stores, more than 2,400 apartments, and more than 2 million square feet of office space. With proven expertise in urban development, fund management, real estate, construction management, and property management, Kilbourne Group is guided by the knowledge that vibrant downtowns create smart, healthy cities.
The 300 Broadway development was a mixed-use infill project which activated an underutilized parking lot next to the iconic Fargo Theatre. The addition of 300 Broadway improved the walkability and character of Broadway.
Current projects include the full renovation of the art deco 1930s Black Building, the mixed-use Kesler urban infill project, and Block 9 at the corner of Broadway and 2nd Avenue North in downtown Fargo.
Your investment in the Great Plains Opportunity Zone Fund includes secured opportunities and shovel-ready projects in an established and growing urban neighborhood with a proven market.
Sponsored by Kilbourne, LLC
Bill Rothman, CFO, Kilbourne Group | firstname.lastname@example.org | 701.237.2279
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 is 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.
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 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%.
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