Riaz Capital Locks Into $100M OZ Fund Goal

Courtesy of Riaz Capital.

NEW YORK CITY- Riaz Capital, a development, construction and property management firm based in Oakland, California, has zeroed in on its $100 million capital commitment goal for its Opportunity Zone fund, securing an estimated $75 million in capital commitments. The funding will support the construction of 12 new housing developments in Oakland Opportunity Zones.

When Riaz’s team went on the road to raise funding, the firm quickly figured out what worked and what didn’t in investor pitch meetings. Simply communicating the need for affordable housing in underserved areas and the Opportunity Zone-tax benefits wouldn’t be enough, Riaz Taplin, principal of Riaz Capital, tells GlobeSt.com.