“The Launch of the E|SPACES OZ Fund will spearhead the rapid expansion of our co-working, meeting and dedicated office space growth in Tennessee, Florida and beyond” says Fund Manager Crom Carmichael.
NASHVILLE, Tenn. (PRWEB) December 23, 2019
E|SPACES OZ Fund launches and is seeking Opportunity Zone investors for the Southeast’s premier provider of collaborative work space, dedicated office and meeting spaces. The Fund is authorized to raise $30 million for its rapid expansion into new markets including new opportunity zones markets.
E|SPACES OZ Fund Video: https://vimeo.com/379928853
Collaborative Workspace, Dedicated Office and Meeting Spaces
E|SPACES OZ Fund
E|SPACES OZ Fund offers collaborative and private workspace and meeting rooms, with flexible, one year and month-to-month membership plans, for individuals and companies. E | SPACES combines the functionality of executive suites, co-working spaces and shared offices to create a professional environment for entrepreneurs, small businesses and corporate teams. An ideal workspace for a corporate team to focus and complete a project off site or a business that’s expanding and needs space in transition. The centers feature a technology rich, modern design that includes small private offices and open spaces resulting in a state-of-the-art office with the aesthetics of a comfortable, inviting and professional community. Members represent a wide variety of industries from healthcare and technology to entertainment, media and legal fields. For mobile professionals, it provides a choice of private offices or acts as a hub for when collaborative space or meeting rooms are needed. With amenities included and 24/7 access to any E|SPACES location, location manager assistance, free parking, coffee and snacks, Wifi and IT support, members find E|SPACES to be an ideal place for individual and team work. Each center offers highly-equipped meeting and conference rooms and the ability to only book meeting space. E|SPACES currently has five locations across the Southeastern U.S.
The unique commonality at each E|SPACES center is the sense of entrepreneurial community of business professionals. Making E|SPACES your company’s business base allows the company to tap into the expertise and services of the other professionals that set up shop at our facilities. Throughout the year, our programmed networking events and info sessions from synergistic businesses showcase professional services available to members of our community. Our community includes salespeople, management consultants, real estate agents, accountants, writers, public relations executives, account executives, regional managers, lawyers, trainers, consulting engineers, entrepreneurs, investors and professionals from all areas. Many are self-employed or work for small businesses, while others work for larger corporations in need of extra space or a new environment for a specific team project.
Beginning with its flagship location in West Nashville, TN, E|SPACES has expanded to include locations in Cool Springs, Chattanooga, and Franklin, TN. In coming months, it will open its first out-of-state venture, a 31,000-square-foot meeting and office space in Orlando, Florida, as well as locations in Knoxville, TN, Midtown Nashville, the Nations and Green Hills areas of Nashville, and Goodlettsville, TN.
E|SPACES OZ Fund
“The Launch of the E|SPACES OZ Fund will spearhead the rapid expansion of our co-working, meeting and dedicated office space growth in Tennessee, Florida and beyond” says Fund Manager Crom Carmichael. “The Opportunity ZONE Fund IRS Tax legislation that has provided our OZ Fund and potential investors an ability to financially participate and benefit directly through investing in the expanding co-work industry. Our unique business niche has worked so well for us in Tennessee and now in Florida, that we see our expansion happening even faster and more efficiently as we open up more and more new markets. It’s very fulfilling to serve the needs of a dynamic investor and entrepreneur community who are embraced the co-work space and our locations.
TJ Wilt, CEO
A Nashville native, TJ has been intimately involved in the growth of multiple industries in the region. After earning his Bachelor’s degree in administration and finance and his MBA from Belmont University, Wilt began his career at Gaylord Entertainment Company where he advised on strategic acquisition for the corporation. TJ then moved to Diversified Trust company, an employee-owned comprehensive wealth management firm, where he served for six years as Vice President, acting as primary wealth manager for family and individual clients and helping grow the Nashville office and build a marketing strategy for the company’s four offices in three states. Wilt joined E|SPACES in 2018 to lead the Company’s operations, business strategy and rapid growth.
Jon Pirtle, President
Also a Nashville native, Jon has led sales, marketing and business development at E|SPACES since 2013 and has been instrumental in driving the company’s growth. Prior to joining E|SPACES Jon served as an executive who produced rapid expansion at Grand Avenue Chauffeured Transportation, Nashville, TN and Kidpower, Inc., a manufacturer of aquatic recreational toys and best known for the “Funnoodle” - a now ubiquitous water toy.
About Fund Manager
G & C Management, LLC
J. David Gibbs, Chairman
David Gibbs is a graduate of the University of Richmond and Emory University Law School. He has been Chairman and co-founder of E|SPACES, based in Nashville, TN (http://www.espaces.com) since 2010. He was an owner and Vice Chairman of Alacrity Services LLC, a leading insurance claim services network provider (http://www.AlacrityServices.com) and affiliates from 2005 – 2015; Chief Claims Officer of Travelers Insurance Company from 1996 – 2002; and a senior officer of the domestic property casualty insurance companies of American International Group from 1989 – 1996. Before joining AIG, David was a lawyer in litigation and business transactional firms in Atlanta, GA and Washington, DC.
“E|SPACES provides high quality professional private and collaborative work and meeting spaces in the Southeast and expanding West, serving entrepreneurs, small businesses and corporate teams outside the urban core. The company is in the process of quickly growing its presence across the region, says Fund Manager David Gibbs.
Gibbs serves as a member of the advisory board of The Legion Fund, Nashville, TN and is a member of the National Advisory Committee of The Patriot Post, Chattanooga, TN.
David’s business leadership experience includes leading large and small companies, with an emphasis on service excellence and innovation.
Oliver C. Carmichael, III, Principal Advisor and Vice Chairman
Crom Carmichael is a native of South Bend, Indiana and a 1971 graduate of Vanderbilt University. He now resides in Nashville, Tennessee.
Over the last 18 years, Crom has funded, raised capital for and guided young entrepreneurs of over 40 companies in a variety of industries. Companies supported include staffing, Pre-K education, and a host of technology companies. Five companies have had exits at more than $100M valuation – enterprise value, and one under $20M. A dozen have failed. The remainder are active – some with great promise.
Crom believes that great leadership is more important than a great idea. That is, great management plus an average idea, can have a very positive outcome. Poor management plus a great idea is a failure. Great management plus a great idea is a home run. Scalability and recurring revenue are essential to success.
In addition to his business career, Crom has been an active political commentator in the Nashville media market from time to time since the mid 1980’s. From 1989 to 1996, Crom wrote a bi-monthly column for The Nashville Tennessean, opposing the paper’s editorial positions. From 1990 to 1992, he provided regular commentaries on the NBC local affiliate in Nashville, WSMV-TV’s 6:00 p.m. news telecast, The Scene at 6
Opportunity Zone - Defer Capital Gains Tax
Under the program, an investor can defer capital gains taxes until 2027 if realized gains are invested in a Qualified Opportunity Zone Fund within 180 days of the sale. Deferred gains owed are decreased by 10% after five years, and another 5% after seven years of investment. The deferred capital gains will be realized Dec. 31, 2026 and due by April 15, 2027.
ELIMINATE TAXES ON INVESTMENT
All capital gains taxes are eliminated after ten years of investment into a Qualified Opportunity Zone Fund (QOZF). Note: Investments into a QOZF do not have to be from capital gains to realize the ten year elimination of taxes.
A WIN/WIN SCENARIO
Opportunity Zones were designed to reward investors for investing in our co-working, dedicated office and meeting spaces in OZ locations. The opportunity for everyone to win is here.
Investors: Generous incentives. The chance to profit from the rapidly expanding co-working space and take advantage of the Opportunity Zone Fund tax advantages that the fund provides.
Opportunity: The Opportunity for investors to participate in a proven business model in an expanding industry.
Entrepreneurs: Gives entrepreneurs the chance for them and their employees to work in desirable locations that fits their unique business and co-working needs.
Communities: We are developing in areas ripe for growth from Chattanooga, Cool Springs, Franklin, and Nashville, TN and soon in Orlando, FL.
About E|SPACES OZ Fund
Status: Open To Qualified Investors
Type of Fund: Stock (Class A 1:1 Common)
Asset Classification: Real Estate – Office
Fund Focus: Collaborative Work and Meeting Spaces including Dedicated Offices
Total Fund Size Authorized: Uncapped
Total Fund Stock Available: $30M
Total Fund Stock Round A: $20M
Minimum Subscription: $200,000
Amount of Fund Spent: $0
Current Fund Equity: $0
Current Total Investments: 0
Active Potential Investments: 0
Fund Administration: NES Financial
About EazyDoit Inc.
EazyDoit Inc. is an opportunity fund creation company based in Virginia Beach, Va. EazyDoIt works with clients to develop a structured turn-key solution for business owners, real estate development projects, high net worth individuals and family offices looking to set up an opportunity fund experience. EazyDoit is recognized as a Top 10 OZ Influencer and is a leader in the Opportunity Fund Creation industry. CEO David Sillaman is a member of the Forbes Real Estate Counsel and EazyDoIt Funds have been recognized by FinTek News, Business Insider, Market Insider, Senior Housing News & Silicon Review to name a few. Mr. Sillaman is a frequent speaker at National Opportunity Zone Events, including the CDFA Florida Opportunity Zone Conference and past Opportunity Zone Expo Conferences. EazyDoIt has built one sixth (1/6) of all the opportunity funds in the market space today, with a strong emphasis on business based opportunity funds.
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E Space OZ Fund, Inc. is a Qualified Opportunity Zone Fund.
Articles featured on this press release are for informational purposes only. This is not an offer to sell nor a solicitation to buy E|SPACES OZ Fund securities. That can only be done by our current Confidential Private Placement Memorandum (“CPOM”). Securities offered by E Space OZ Fund Inc. For accredited Investors only. Limited liquidity. The shares being sold in this offering have not been approved or disapproved by the Securities and Exchange Commission or any state’s securities division. Nor has the Securities and Exchange Commission or any state securities department passed upon the accuracy or adequacy of the CPOM or the disclosures provided therein. Any representation to the contrary is a criminal offense. The information contained in this website is for general information purposes only. The information is provided by E Space OZ Fund, Inc. and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
This Fund is 3rd Party Administered by NES Financial.