MN-OZA DREAM Fund, LP Investor Portal

MN-OZA DREAM Fund, LP

Developing Real Estate in Emerging Areas of Minnesota

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MN-OZA DREAM Fund, LP
506(c) Offering Platform

Fund OVerview

The MN-OZA DREAM Fund (the “Fund”) is a Delaware Limited Partnership intending to elect to be a Qualified Opportunity Fund (“QOF”) under the provisions of the Investing In Opportunities Act (the “Opportunities Act”) under the Tax Cuts and Jobs Act of 2017 (“TCJA”). The Fund intends to operate within the provisions of the Opportunities Act by making equity real estate investments in eligible projects located solely in Qualified Opportunity Zones in the State of Minnesota.

The Fund is open to Accredited Investors who are U.S. Taxpayers (the “Investors”). Such investors become Limited Partners upon acceptance within the Fund.

Investors may roll over money from prior capital gains into Class A-1 Interests in the Fund. This may allow investors to defer capital gains taxes on the rollover transaction and also may allow reduction in tax obligations for such gains and elimination of certain capital gains taxes on earnings from the Fund, as set forth in the Opportunities Act and an Investor’s individual tax situation. INVESTORS SHOULD CONSULT WITH THEIR LEGAL AND TAX ADVISOR REGARDING POTENTIAL FEDERAL INCOME TAX BENEFITS AND RELY ON SUCH INDEPENDENT ADVICE. THE FUND AND FUND SPONSOR DO NOT PROVIDE TAX OR LEGAL ADVICE TO INDIVIDUAL INVESTORS.

Investors may invest non-gain capital into Class A-2 Interests in the Fund. Such capital is intended to be invested together and alongside the Class A-1 Interests. Such non-gain capital is not subject to the federal income tax benefits provided under the Opportunity Act. This separate class of interests is intended to appeal to the widest range of investors and facilitate record-keeping by the Fund.

The Fund is open to accept investors until December 31, 2019 or, upon the election of the Fund Manager, one additional year.

The Fund Manager may elect to extend the Term for three (3) one-year periods to facilitate the orderly sale of assets to give rise to the redemption of Investor interests, or an additional period of up to 10.5 years as permitted by law, if it is determined by the Fund Manager to be in the best interest of the Fund.

THE FUND IS UNREGISTERED AND ILLIQUID, AND THERE IS NO EXPECTATION OF A SECONDARY MARKET FOR THE TRANSFER OF INTERESTS, AND SUCH TRANSFERS ARE RESTRICTED UNDER THE FUND DOCUMENTS. INVESTORS SHOULD CONSIDER AN INVESTMENT IN THE FUND TO BE LONG-TERM, ILLIQUID AND SUBJECT TO MATERIAL RISK AS SET FORTH IN THE FUND DOCUMENTS.

There are 128 qualified Opportunity Zones in Minnesota; 44 are in Hennepin and Ramsey counties. The remaining 84 OZs are located throughout the state.

MN-OZA DREAM Fund, LP
506(c) Offering Platform

The Fund Manager

The Fund is managed by Minnesota Opportunity Zone Advisors, its General Partner, that is organized as a Delaware Statutory Benefit LLC (the “Fund Manager”). As a benefit entity, the Fund Manager and therefore the Fund is seeking to maximize risk-adjusted economic returns and achieve social benefits consistent with its mission.

“Minnesota Opportunity Zone Advisors seeks to inspire and serve mission-driven individual and institutional investors to contribute to the economic and social vitality of Minnesota. We do so by funding and executing quality new and substantial redevelopment real estate projects in Opportunity Zones that can achieve the triple bottom line across economic, social and environmental realms”

The Fund Manager makes investment decisions for the Fund and other decisions related to the investment projects, the execution of such investment projects and a range of administrative aspects of the Fund’s management. Please review the Fund Documents for further details and important risk factors.

Please refer to the Fund Documents for further details and backgrounds on the Principals of the Fund Manager.

The intent of the 2017 Tax Cuts & Jobs Act is to increase the scale of investments going to historically under-served areas.

MN-OZA DREAM Fund, LP
506(c) Offering Platform

investment strategy

To achieve its mission and comply with the regulations of the Opportunities Act, the Fund is required to:

  • Invest only in Qualified Opportunity Zones in the State of Minnesota. There are 128 such zones nominated by the Governor and approved by the U.S. Treasury. These geographic areas were selected based on demographic characteristics related to poverty, income, unemployment and others the U.S. Treasury defines as “distressed.” The intention of the Opportunity Act and the Fund are to direct private sector capital to such distressed geographic areas with the intention of improving the economic and social conditions of such areas.
  • Invest only in real property consistent with the Opportunity Act. The range of real property eligible under the Opportunity Act is limited to so-called “original use” and “substantial redevelopment” projects, more commonly known as new developments and substantial rehabs.
  • Limit total Fund-level leverage to 50% of value at stabilization of the projects.
  • Invest no more than 30% of the total Fund capital in any single investment.
  • Not incur any Fund-level cross-collateralized indebtedness.

And the Fund intends to:

  • Seek diversification geographically as defined as having approximately 80% of Fund assets in projects within the Minneapolis-St. Paul metropolitan area and 20% across Greater Minnesota.
  • Seek diversification by property type with approximately 60% of the Fund assets in multi-family rental housing projects and 40% in commercial and other property types.
  • Target projects that are individually between $2 million and $25 million in total project cost
  • Limit project-level financing to 70% of any project value
  • Target projects suitable for an investment holding period of ten (10) years or more

Perhaps the most unique and differentiating feature of the Fund is its intention to seek bona fide positive economic, environmental and social impacts in their Qualified Opportunity Zone communities.

CONTACT US

Please complete the contact form and we will get back to you about any questions you have about our offering.

MN-OZA DREAM Fund, LP - 842 Raymound Avenue - St. Paul 55114, US — investor@mn-oza.com — (651) 243-2655

MN-OZA DREAM Fund, LP
506(c) Offering Platform

so much more than what you see

prospect dashboard

The MN-OZA DREAM Fund, LP 506(c) Investor Portal allows you to:

  • Register and set up an account
  • Access to the Fund Documents
  • View a timeline of your progress in the investment process
  • Provides convenient access to all Fund materials and communications prior to investing and after
  • Secure access to tax statements and reporting during the duration of the Fund
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