What We Are
Veterans Victory Opportunity Fund (VVOF) is a private-equity real estate Qualified Opportunity Fund (QOF) designed as a vehicle for investors with capital gains equity. Funds will be used to purchase, construct and renovate a mixed-use property marketed to Veterans, resulting in ADA-accessible, green multifamily apartments, business offices and programs for Veterans that create above-market returns for the investor.
The Colorado Springs, CO fund is one of several single-asset QOFs planned under the umbrella of VVOF for the construction of multifamily apartments and small business centers in Opportunity Zones in high-growth communities. The dual goals are to create stable Veteran communities that serve and enhance the surrounding underserved areas while creating a portfolio of properties attractive to bank equity, private equity and family office investors. For the Colorado Springs fund, VVOF plans to acquire land/build 240 apartments and 15 business offices near Fort Carson.
Market Rate Housing and Business Rentals 1, 2 and 3 bedroom Located one fourth mile southeast of Amazon and one mile south of the airport.
VVOF seeks to provide investors with 20% projected net IRR, including an average annual tax shielded income yield above market, plus tax benefits of a QOF investment.
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We have plans for Colorado Springs, San Benito, Omaha, South Sioux City, Sioux Falls, Jacksonville, Savannah, Pueblo, and Grand Junction
The profit margin will be above market because the place-based, scalable model incorporates elements of five well developed programs into a new system of revenue production. These are:
Digital Connection Program using of state-of-the-art technology designed and delivered through GTSG. The construction of the apartments and offices will involve the fastest broadband services available (www.gtsgglobal.com). GTSG will provide “Smart City Technology” to help veterans sell products and services to other veteran-owned businesses and government organizations across the nation.
Veteran-Owned Small Business Development Program focuses on providing intensive services to help veterans develop, own and finance SBA-certified Veteran-Owned Small Businesses, Certified Women-Owned Disadvantaged Small Businesses, Certified Disabled Veteran-Owned and Certified HUB Zone Businesses. Business incubation will occur through the Small Business Center co-located with housing at the Veterans Victory Project.
Holistic Healthy Housing Program for veterans will be a community-centric affordable real estate development aimed at veterans. The cost of renting the apartment rentals will be reduced through the use of GTSG’s technology.
Innovative Business Investment and Risk Reduction Program – Project financing of the holistic Veterans Villa Project will employ state and federal QOF deductions and Technology Investment Incentives. Banks will have an incentive to lend to and invest in Veterans Victory to meet CRA requirements.
Carbon Footprint Reduction Program will reduce harm to the environment through the use of Property Assessed Clean Energy (“PACE”) financing, which pays for the use of energy efficient materials in the construction of the apartments and offices. The holistic design of the Veterans’ campus helps reduce energy consumption for the renters and the business owners. GTSG Global technology will be combined to reduce the operating expenses and energy consumption by installing new, top-of-the-line core infrastructure, which enhances operating leverage and increases Net Operating Income (NOI).
Real Estate Development With Qualified Opportunity Zones
Guests: Kim Kuhle and Jim Pieper
Kim is a real estate developer with Veteran Victory Housing & Small Business Centers and Jim is an attorney with Vandenack Weaver Truhlsen.
February 21, 2023
On today’s episode our host Mary Vandenack, CEO, Founder and Managing Partner at Vandenack Weaver Truhlsen, talks to Kim Kuhle, a real estate developer using Opportunity Zone Funding, and Jim Pieper, an attorney at Vandenack Weaver Truhlsen. Their discussion centers on Kim’s development of Veterans Victory Housing & Small Business Centers and why she used Opportunity Zone Funding to get started. Tune in to learn how you might use QOZ’s to make your dream a reality.