Steve Owens, William Pruitt, Bowman Brown, and Kristy King
to Manage boutique investment fund based in South Florida
Online PR News – 17-July-2019 – Miami – (MIAMI, FL - July 16, 2019) -- A team of veteran professionals with combined real estate and financial experience in excess of 150 years has launched The Opportunity Zone Fund of America, a boutique investment fund geared for investors to take advantage of one of the best capital gains tax reduction programs of a generation created through the Tax Cuts and Jobs Act (TCJA).
The fund, based in Miami, is led by a disciplined management team uniquely experienced and qualified to invest in businesses, including early-stage companies, as well as real estate ventures. The fund benefits from the extensive network and relationships of the team, transcending geographies, industries, professional resources, and asset classes.
Founding members of The Opportunity Zone Fund of America are:
Stephen L. Owens, Managing Director
Senior Advisor & Former President of SWIRE Properties, Inc.
Innovative leader of the U.S. operations of SWIRE Properties, Inc., a world-class real estate developer, for more than 40 years. Had responsibility encompassing $3.8+ billion in projects, including Brickell City Centre and much of Brickell Key.
William D. Pruitt, Managing Director
Former Managing Partner of Arthur Andersen, LLP - Florida, Caribbean & Venezuela.
Stellar angel investor with a 20-year investing track record. Identifying unique opportunities, investing time and money, and sharing his expertise, network and guidance with early-stage businesses has resulted in consistent successful exits.
Bowman Brown, Managing Director
Partner, Chairman of the Executive Committee and Chairman of the Financial Services Practice Group of Shutts & Bowen, LLP.
Distinguished banking law expert, lending invaluable insights, sophisticated solutions, and expertise and leadership. Honored by the Beacon Council, Best Lawyers in America, Chambers USA and Martindale-Hubbell. Has served as Chairman of the Florida Bar Banking Law & Credit Regulation Committee, and General Counsel & Executive Committee of the Florida International Bankers Association, Inc.
Kristy A. King, Managing Director
VP of Finance, CFO & Strategic Advisor of Real Estate Developments and Early-Stage Businesses.
Experienced financial professional with expertise in leading real estate and early-stage business investment due diligence, strategic planning, financial modeling, operational and structural efficiencies, and compliance and risk management, for investment funds and ultra-high net worth individuals and family offices.
All executive team members are involved in public, civic and community leadership roles in South Florida.
Opportunity Zones are designated geographic areas within each state in which equity investments made in businesses located within the zones are eligible for special federal income tax benefits pursuant to a provision enacted as part of the TCJA. "The benefits of this program continue to be a great incentive for investors to capture a generous break on capital-gain taxes but it also contributes to positive economic development,'' said Steve Owens, Managing Director of The Opportunity Zone Fund of America. "We look forward to contributing to the improvement of local underserved communities in which we have lived and worked for many years."
About The Opportunity Zone Fund of America
The Opportunity Zone Fund of America is a boutique investment fund founded by experienced investors to source and manage long-term equity investments in qualified opportunity zone businesses and real estate properties. The fund is open to qualified investors with capital gains from any source, including the sale of businesses, stocks, bonds, real estate properties, and partnership and S-corporation gains. The management team is uniquely experienced and qualified to invest in businesses, including early-stage companies, as well as real estate ventures. The Opportunity Zone Fund of America benefits from the extensive national network and relationships of the management team, transcending industries, professional resources, and asset classes. The Opportunity Zone Fund of America strives to provide its investors with a disciplined, well-managed, diverse investment opportunity and gives its investors the option to participate in a Pooled Fund or in an Individually-Curated Fund. Learn more: www.theopportunityzonefundofamerica.com