The OPZ Bernstein Opportunity Zone Fund is The Bernstein Companies' subsidiary private equity fund, focused exclusively on making Opportunity Zone Fund investments under Section 1400(Z) of the 2017 Tax Cuts and Jobs Act in real estate deals across the United States. The Opportunity Zone legislation was a bipartisan economic stimulus plan to promote sustainable growth and long-term capital investment in low income communities across the U.S. OPZ Bernstein draws upon the virtually unparalleled track record and capabilities of The Bernstein Companies, which include: the development and management of a private portfolio of over 5 million square feet of commercial space, 4,000 multifamily units and 20 hotels; a series real estate funds, the last four of which returned an average net IRR of 20%; and over $1.5 billion of New Market Tax Credit transactions across 40 states.
As a wealth management solution, OPZ Bernstein's primary objective is to preserve capital while providing investors with stable reoccurring income, in conjunction with long-term tax-free appreciation. To accomplish this mission, OPZ Bernstein partners with best in class real estate operators in the top ten percent (10%) of Opportunity Zones across the nation. Our goal is to provide investors with a fully diversified portfolio of Opportunity Zone Fund investments across a variety of product types, with a specific emphasis on multi-family housing in urban locations.