Offering Summary
Our Strategy
4Sight HEVA Opportunity Zone Fund was created to identify those opportunities that allow us to truly revitalize urban and rural areas while providing quality housing, employment and excellent after-tax financial returns to our investors.
How it Works
Product
4Sight HEVA Opportunity Zone Fund LLC (the “Fund”), a Qualified Opportunity Fund (“QOF”)1
Advisor
4Sight HEVA Opportunity Zone Fund LLC
Mandate
Simultaneous Regulation D and Regulation CF offerings with a mandate to invest in residential, commercial and industrial real estate in U.S. Treasury-certified Opportunity Zones1
Eligible Investors
For the Regulation D offering, Accredited Investors
For the Regulation CF offering, retail investors with sufficient knowledge to invest in a QOF
Minimum Investment (USD)
For the Regulation D offering, [$5,000 initial / $1,000 subsequent]
For the Regulation CF offering, [$500 initial / $100 subsequent]
Source: 4Sight HEVA Opportunity Zone Management LLC
*The Fund must comply with various requirements in order to qualify as a QOF.
All terms and conditions are subject to change. Please see the Fund’s Form C filed with the Securities and Exchange Commission and other offering documents, if any, for a more comprehensive discussion on fees and expenses.
Participation
Minimum Expected Holding Period
10 years
Subscriptions
Currently accepting subscriptions through year-end 2021
Distributions
In order to maximize the QOF tax benefit, it is expected that there will not be any distributions prior to the end of the Minimum Expected Holding Period
Redemptions*
In order to maximize the QOF tax benefit, it is expected that there will not be any redemptions prior to the end of the Minimum Expected Holding Period
Source: 4Sight HEVA Opportunity Zone Management LLC
*No holder of a limited liability company interest (a “Limited Liability Company Interest” or, an “Interest” and, a holder thereof, an “Interestholder”) in the Fund will have the right to require the Fund to redeem any Interest. There is not currently a public or other market for the Interests. Consequently, Interestholders may not be able to liquidate their investment other than as a result of repurchases of Interests by the Fund. There is no guarantee that the Fund will purchase all or any Interests.
All terms and conditions are subject to change. Please see the Fund’s Form C filed with the Securities and Exchange Commission and other offering documents, if any, for a more comprehensive discussion on fees and expenses.
Administration
Reporting
Quarterly beginning Q1 2022
Tax Reporting
In the event that there are distributions prior to end of Minimum Expected Holding period, investors will receive an annual Form 1099-DIV
Management Fee
2% of total capital contribution. Fees payable for first three years of operation of the Fund (e.g., a total of 6% of total capital contributions) are payable at the initial closing. Thereafter, fees are payable annually in arrears
Incentive Fee
25% of the total return above 8% annualized hurdle (accrued quarterly and payable only upon redemption)
Other Expenses and Fees
Customary expenses (audit, tax including QOF compliance, acquisition, legal and administration)