NES Financial to Administer Opportunity Zone Fund for Student Micro Housing

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Student housing, multifamily and hospitality sectors are ArcisRE’s OZ operating business focus

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The NES Financial Opportunity Zone Fund Administration Suite is unlike any other platform we have seen, and it helps us tremendously with specialized reporting needs.

Specialty financial administrator NES Financial announced today that it has contracted to provide its purpose-built Opportunity Zone Fund Administration Suite to Arcis Real Estate Capital LLC (“ArcisRE”), an investment management and advisory firm that sponsors and invests in operationally driven real estate asset types such as student housing, multifamily, senior living, and hospitality.

The student/micro housing project in the Seattle metropolitan area of Tacoma, WA, will feature seven floors of 156 residential units atop 6,200 square feet of ground-floor commercial space. The Opportunity Zone project is located within walking distance of major healthcare systems such as St. Joseph Medical Center and MultiCare Hospital, and higher-educational schools including University of Washington Tacoma. The project will provide much-needed housing in a growing market and is estimated to reach over 35,000 students and employees in the area.

To help fund the project, ArcisRE is accepting investment into the newly formed Arcis Student Housing OZ LLC fund. The tax incentives associated with the Opportunity Zones program, which ArcisRE hopes will attract investors, are designed to encourage long-term investment into targeted economically distressed areas across the country — they include temporary deferral of capital gains taxes on invested funds (until the end of 2026), and additional tax benefits accrue at 5-, 7- and 10-year milestones.

“We made a concerted effort to go with the leader in Opportunity Zone Fund administration and chose NES Financial because they are pioneers in the space,” said Mohi Monem, Managing Partner at ArcisRE.

“The NES Financial Opportunity Zone Fund Administration Suite is unlike any other platform we have seen, and it helps us tremendously with specialized reporting needs,” added Steven W. Sorensen, Partner at ArcisRE.

The purpose of the NES Financial Opportunity Zone Fund Administration Suite is to efficiently and securely handle administration of growing funds, at scale, so that Opportunity Zone Fund managers can focus on raising capital and deploying it to underserved communities across the country. This includes handling the specialized reporting requirements of the program with the highest possible degrees of fund security, investor transparency, and regulatory compliance.

“Opportunity Zones offer investors significant incentives while addressing the immediate and pressing social impact needs of many communities in this country,” said Reid Thomas, Executive Vice President at NES Financial. “Our purpose-built OZ fund administration solution is the only solution designed specifically for the unique requirements of OZ fund managers, enabling them to implement high-bar administrative best practices when raising and deploying funds so that the overall program can succeed in doing the good it was intended to do.”

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 is a Specialty Financial Administrator which serves sectors characterized by high administrative complexity, increased transaction security needs, and challenging regulatory compliance requirements. The company’s purpose-built solutions streamline the administrative processes of these markets — simplifying record keeping and processing, curtailing fraud and abuse, and ensuring the utmost in security, transparency and regulatory compliance through each step of an investment’s life cycle.

With its Silicon Valley DNA, proprietary fintech platform and over 15 years of specialty financial administration leadership, NES Financial has defined best practices in each of the markets it serves — from 1031 exchanges and EB-5 visa funding, to private equity and the landmark Opportunity Zones program. NES Financial, recognized by the San Francisco Business Times’ top Bay Area fintech list, services more than 300 funds, administers over $20B annually, and has worked with more than 700 EB-5 projects to date. For more information, visit nesfinancial.com.

About Arcis Real Estate Capital LLC
Arcis Real Estate Capital LLC (“ArcisRE”) is an investment advisory, investment banking, and management firm specializing in real estate. ArcisRE focuses on uncovering investment opportunities that provide superior risk-adjusted returns. The partners at ArcisRE have broad experience in advising, investing, and asset-managing hotel, multifamily, and retail properties in the United States.

ArcisRE has recently set up an Opportunity Zone investment platform to programmatically invest in qualified development and value-add deals. ArcisRE’s initial emphasis is on the student housing, multifamily, senior living, and hospitality sectors — with a target of raising up to $150 million for these in 2019.

This notice does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or investment product.

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