Opportunity Assets Group (OAG) is a specialized consultancy and co-sponsor of Opportunity Zone investments.

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There are 8,700+ Opportunity Zones across the country.

Opportunity Zones (“OZ”) are part of a social impact program providing meaningful tax benefits to incentivize long-term investment in low-income and under-served communities across the United States. The program was established as part of the Tax Cut and Jobs Act of 2017. The country now has over 8,700 Opportunity Zones across every state and territory.

Our Vision

While the emerging Opportunity Zone landscape promises great potential, our years of tax and real estate experience inform a balanced and conservative approach.

We are guided by our
core principles.

  • Identified Assets

    We sponsor offerings against a reliable pipeline of identified assets. We partner with pre-existing owners and operators of real estate to avoid paying an uneconomic OZ premium.

  • Conservative & Supportable Business Plans

    Our projects involve sound, supportable business plans which are informed first and foremost by the underlying pre-tax real estate potential and not the tax benefits - we view the OZ incentives as an added benefit.

    We perform rigorous, third party underwriting of our real estate partners’ projects.

  • Established Real Estate Partners

    Given the long term nature of QOF investments, we seek to co-sponsor only projects with established, trustworthy developers and managers with a solid track record of success.

  • Compliance

    With decades of tax expertise, we are able to structure funds which maximize up-front OZ tax benefits, while we diligently protect against the risk of retroactive loss of OZ tax advantages by failure to comply with fund level reporting and asset allocation rules.

  • Alignment with the Spirit of OZ Legislation

    OAG is committed to co-sponsoring and funding projects with a material social and/or environmental impact.

Identified Assets

We sponsor offerings against a reliable pipeline of identified assets. We partner with pre-existing owners and operators of real estate to avoid paying an uneconomic OZ premium.

Conservative & Supportable Business Plans

Our projects involve sound, supportable business plans which are informed first and foremost by the underlying pre-tax real estate potential and not the tax benefits - we view the OZ incentives as an added benefit.

We perform rigorous, third party underwriting of our real estate partners’ projects.

Established Real Estate Partners

Given the long term nature of QOF investments, we seek to co-sponsor only projects with established, trustworthy developers and managers with a solid track record of success.

Compliance

With decades of tax expertise, we are able to structure funds which maximize up-front OZ tax benefits, while we diligently protect against the risk of retroactive loss of OZ tax advantages by failure to comply with fund level reporting and asset allocation rules.

Alignment with the Spirit of OZ Legislation

OAG is committed to co-sponsoring and funding projects with a material social and/or environmental impact.

We are guided by our core principles.

A team with knowledge & expertise

We see ourselves as a forward-looking group of tax-advantaged property experts with the relevant experience to match.

Spencer Hogan

Associate Director

Prior to joining OAG, Spencer was a Deal Lead within the Investments division at RealtyShares where he led the origination and underwriting of equity investments in commercial real estate and completed 25 acquisitions. Spencer previously led the underwriting and transaction processes for a top producing healthcare investment sales team at Newmark Grubb Knight Frank. Spencer graduated with a degree in finance from SFSU.

Adam Wolf

Senior Associate

Adam Wolf is a Senior Associate at OAG. Prior to joining OAG, Adam worked as the lead closer for a San Francisco-based real estate investment firm where he closed over $200M of transaction volume. Adam is a licensed CA real estate salesperson (DRE:02019956) and a graduate of Occidental College.

Lou Weller

Senior Adviser

Lou Weller leads the real estate, transactions and tax practice of his own law firm, Weller LLP. He previously served as National Director of Real Estate Transaction Planning and National Director, Like Kind Exchange Services at Deloitte Tax LLP and was Of Counsel to the national law firm, Bryan Cave LLP. Lou has practiced tax and business law for more than 40 years.

Monica Lucero

Director of Operations

Monica manages financial operations, supports Doug Wolf and coordinates staff needs. She has supported C-level execs of EShares, Paypal and Zesty as an Executive Coach and People Consultant. She previously worked for Levi Strauss & Co. in the Global Tax and Treasury Department where she held Senior Financial Analyst and Risk Management roles.

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or call us at (415) 426-1520