Father and Son launched 450 Million Opportunity Fund

Propel Opportunity Fund was founded by two-time National award winner, Frank Austin Jr. and co-founded by, Presidential Lifetime Achievement recipient, James Frank Austin III

 

 

 

 

 

 

Propel Opportunity Fund Inc. (www.propelopfund.com) is leading the charge with its preeminent qualified opportunity fund with its headquarters in Macon, Georgia. Propel Opportunity Fund was founded by, two-time National award winner, Frank Austin Jr. and co-founded by, Presidential Lifetime Achievement recipient, James Frank Austin III. Propel Opportunity Fund center of interest encompasses opportunity zones nationwide. The 450 Million dollar fund officially opened to investors as of December 17, 2018. Frank Austin and team has strategically developed lucrative exit strategies for investors through a corporate structure and strategic plans with uninterrupted positive impact to distressed communities and cities as a whole.

The Propel Fund has a strong focus in maximizing investor’s return in distressed neighborhoods. We believe that distressed communities pose many unique challenges and our team is nationally recognized for being an expert in distressed communities. We strive to create projects that will entice investors to achieve 100% capital gain tax deferment by remaining a strategic partner for 10 years. Our social purpose is to empower distress communities by deploying strategies that yield returns for investors, that create self-sustaining infrastructures and minimizing displacement.

“We want to set the tone for what change feels and looks like in distressed communities. This a huge opportunity and creating the right partnerships with the community, government, private investors and federal agencies will create substantial impact, said co-founder James Austin III.”

“This is a historic opportunity that seldom presents itself,” Frank Austin said in a statement. “It is a unique chance for investors to receive significant tax savings while investing in real estate located in communities that Propel Opportunity Fund Inc (www.propelopfund.com) has identified as exhibiting strong growth potential. It is also a chance for our investors to further diversify out of traditional investments such as stocks and bonds and into real estate, while also earning the additional return boost due to the tax savings of the [Opportunity Zones] program”.


AUTHOR: James Austin is the COO of Emerging Fund Manager

SOURCE: Linkedin

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