Four Points Funding Chooses NES Financial to Administer Its Rural Opportunity Zone Fund
Four Points Funding, a Forbes OZ 20 List award winner, to bring much-needed multi-housing units and outdoor recreation-focused hospitality to rural Colorado
SAN JOSE, Calif., June 16, 2020 /PRNewswire-PRWeb/ -- NES Financial, a JTC Company (LON: JTC), announced today that it has contracted to provide its purpose-built Opportunity Zone Fund Administration solution to Four Points Funding LLC — an Opportunity Zone fund manager and fund sponsor with real estate and operating business investment offerings throughout rural Colorado.
Partners Chris Montgomery, Shawn Bertini and Stephanie Copeland founded Four Points Funding on the belief that rural America has served as an innovation hub for the United States and will continue to do so, especially during this economic downturn.
Four Points Funding was recently recognized as a leading Opportunity Zone fund nationally in The Forbes OZ 20: Top Opportunity Zone Catalysts, a partnership between Forbes Magazine and the Sorenson Impact Center. The Forbes OZ 20 recognizes OZ Funds and community organizations that are committed to achieving equitable economic growth in underserved and overlooked communities throughout the county.
"NES Financial provides a sense of confidence for our investors," said Founder and Partner Montgomery. "What's great about NES Financial's technology and approach to fund administration is that it is truly scalable, which enables a small fund like us to focus on bringing much-needed economic dollars to rural Colorado. There is a validating aspect of working with NES Financial as we experienced with our first fund and why we don't want to have to send our LPs to 20 different places. This is why we are continuing to use NES Financial."
"NES Financial was the first administration platform that was focused on Opportunity Zones, so that was really important to us," added Bertini, whose funds under 4PF RURAL COZ FUND II currently include a rural Colorado–focused real estate fund, with multi-housing units and an outdoor recreation-focused hospitality based primarily in Glenwood Springs, CO; Grand Junction; and Naturita, CO. "NES Financial truly has technological flexibility to handle the changing requirements for Opportunity Zones, including social impact reporting through iRR®, which is another critical requirement for us to track the impact we are making in rural Colorado."
The NES Financial Opportunity Fund Administration Solution leverages technology to streamline the complex administrative requirements of OZ fund management, helping funds succeed and helping the Opportunity Zones program do the good it was intended to do. For fund managers and investors, this means a purpose-built solution that embeds security, transparency and regulatory compliance at each step of an OZ investment's life cycle.
"For fund managers with small and large Opportunity Zone funds, our purpose-built technology solution provides a crucial and efficient one-stop shop to keep their housekeeping in order via a transparent and secure platform for their investors," said Reid Thomas, Managing Director at NES Financial. "Fund managers are then allowed to focus on critical fundraising efforts to help bring much-needed economic dollars and multi-family housing units to areas in need of both during this downturn and throughout the eventual economic recovery.
For additional information about the Opportunity Zone Fund Administration Suite, please visit the NES Financial website or contact an NES Financial representative at 1-800-339-1031.
About NES Financial
NES Financial, a JTC Company, is a multi-jurisdictional provider of fund, corporate and private client services. The company administers more than $130 billion in assets and employs more than 900 people worldwide. A leader in specialty financial administration, NES Financial serves markets characterized by high administrative complexity, elevated transaction security needs and challenging compliance requirements.
As the North American division of JTC, NES Financial is the leading provider of third-party administrative solutions to US impact investment sectors, including Opportunity Zones and EB-5 visa funding, as well as to US private equity and 1031 exchanges. The company's technology-driven solutions streamline new best practices in these markets by simplifying specialized financial transactions, reducing back-office overhead, curtailing fraud and abuse, and ensuring security, transparency and regulatory compliance during each step of an investment's life cycle.
For more information, visit nesfinancial.com.
About Four Points Funding LLC
Four Points Funding has made hundreds of real estate investments across Colorado's emerging communities since 2013 — well before Opportunity Zones existed. Our unique advantage is our knowledge and relationships throughout the Western Slope of Colorado, where the greatest long-term investment opportunity exists in our state. Our team strives to make Colorado a better place every day while being excellent stewards of our investors capital. For more information, please visit fourpointsfunding.com.
SOURCE NES Financial, a JTC Company
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