JMP OppZone Services Launches First Opportunity Zone Administration Platform for Investors and Project Sponsors
CHICAGO--(BUSINESS WIRE)--May 16, 2019--
JMP OppZone Services (JMP), a dedicated business focused exclusively on financial and administrative support related to Opportunity Zone (OZ) investing, today announced the launch of an industry-first administrative platform for OZ investors, project sponsors and entrepreneurs. The shared services platform delivers due diligence, consulting, business support services, administration services, and investor compliance for tax regulation to facilitate meaningful, impactful investments in designated Opportunity Zones.
“Despite the significant tax benefits derived from OZ investing, navigating the regulations, creating workable investment structures and dealing with the investment timing requirements can be challenging. JMP’s primary goal is to create efficiency, transparency, and scalability for OZ investors and sponsors looking to capitalize on the new law. Our unique shared services model provides a platform for investors to create multi-year investments, multi-asset portfolios and, for sponsors, to efficiently pool capital while simultaneously reducing operational and compliance risk,” said Samuel S. Weiser, founder and CEO of JMP OppZone Services.
Participation in the platform paves the way for investors to engage and make direct investments across multiple Opportunity Zones. JMP will focus on investment projects nationwide, moving beyond projects proximate to major urban centers that are currently garnering the attention of large asset managers. Additionally, JMP is structured to facilitate impact investing supporting client sponsored projects through mechanisms to solicit co-investment from like-minded investors.
“JMP offers a flexible, Qualified Opportunity Zone business structure enabling investors to comply with the law, including the ability to take up to 30 months to identify suitable OZ investments that meet their specific investment objectives and strategy. Our platform is unique as it provides investors with options including self-directing their OZ investments, investing jointly with other families and individuals, and seeking co-investors for their sponsored OZ projects. For project sponsors and entrepreneurs, our platform raises the visibility of their investment opportunity to a wide audience of potential investors through our platform as well as our strategic partner’s platforms,” said Mr. Weiser.
About JMP OppZone Services
JMP OppZone Services is a dedicated fund services group providing bespoke fund services for investors and project sponsors to support investments in Qualified Opportunity Zone Businesses (“QOZB”) and Qualified Opportunity Zone Projects (“QOZP”). JMP operates as a QOZB and operates JMP OppZone Investments Series LLC, a QOZB whose business is facilitating investments in OZ businesses and projects. JMP provides specialized, Opportunity Zone specific, back office, compliance and reporting services in support of individuals and entities committed to making impactful Opportunity Zone investments and those developing and operating in Opportunity Zones. For more information: www.jmpoppzoneservices.com
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SOURCE: JMP OppZone Services
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PUB: 05/16/2019 11:41 AM/DISC: 05/16/2019 11:41 AM