Reno Hotel Redevelopment QOZ Fund

Fund Overview

A Qualified Opportunity Zone Fund redeveloping a 26 storey landmark hotel in downtown Reno, Nevada, targeting a Class A asset of roughly 400 rooms. It sits inside a 1.3 million square foot mixed use district covering multifamily, retail, office and entertainment. Reno drew 3.8 million visitors in 2025 and has grown 7.2% over five years against 3.1% nationally. No distributions during redevelopment, so this targets capital appreciation. The sponsor is a vertically integrated real estate firm with over $6 billion of transactions across 130 properties in 18 states.

Tax Features

• Only the gain is reinvested. Unlike a 1031 exchange, the rest of the sale proceeds stay with the investor.
• Deferral. Tax on the gain is deferred, then recognised on 31 December 2026 and reported on the 2026 return.
• Measured at the lesser of the original deferred gain or the fund interest's fair market value on that date, set by independent third party valuation.
• Ten year exclusion. Held the full targeted term, appreciation may be excluded from federal capital gains tax, with no depreciation recapture.
• 180 day window. Gains must reach the fund within 180 days. K-1 gains can start that clock at the partnership return due date.

Key Terms

• Structure: Qualified Opportunity Fund, Delaware LLC
• Target fund size: $36.2 million
• Minimum investment: $50,000
• Distributions: None expected during redevelopment
• Targeted hold: Ten years or longer
• Eligibility: Accredited investors only

Speculative and illiquid. Available only to verified accredited investors. Offers are made solely through the Confidential Private Placement Memorandum. Express interest and a member of our team will reach out with full details. Targeted outcomes are not guaranteed. Read the Private Placement Memorandum in full before investing. Consult your own tax counsel and CPA for tax advice. This is not a recommendation to buy or sell any security.