IRVINE, Calif., January 20, 2022 /PRNewswire/ — Integris Real Estate Investments (“Integris”), a direct real estate investment sponsor for private investors, registered investment advisers and family offices, today announced that the company has launched Integris DLV Opportunity Zone Fund. The Qualified Opportunity Zone Fund aims to raise up to $25 million in investment capital for the development and ownership of Dream Las Vegas, a hotel and casino on the Las Vegas Strip.
Located in a Qualified Opportunity Zone, the Dream Las Vegas project offering can provide potentially beneficial tax benefits to investors. The fund offers potential investors the ability to defer and reduce capital gains for federal income tax purposes by virtue of an investment in a Qualified Opportunity Area.
“Integris Real Estate Investments is pleased to announce the launch of this unique offering, including this unprecedented Qualified Opportunity Zone development on the Las Vegas Strip,” said Guillaume ShopoffChairman and Chief Executive Officer of Integris.
Currently in the pre-construction and design phase, the 19-story Dream Las Vegas is located at 5051 Las Vegas Blvd. It will feature 526 luxury rooms and suites, casino gaming, food and beverage venues, pool and day club, retail venues and a full-service fitness center. The hotel property will be branded Dream Hotel and will be managed by Dream Hotel Group.
The total raise for Integris DLV Opportunity Zone Fund is $25 millionwith a minimum investment of $100,000. The partnership would need to sustain the project for 10 years to realize the full benefits of the Qualified Opportunity Zone.
About Integris Real Estate Investments
Based at Irvine, California, Integris Real Estate Investments offers registered investment representatives, family offices and accredited investors the opportunity to invest directly in transforming underutilized and undervalued real estate into better managed, attractive and valuable assets that have potential appreciation and profitability. For nearly three decades, the management team at Integris Real Estate Investments has focused on opportunistic, value-added projects. Integris uses a multidisciplinary approach that allows the company to uncover opportunities that others miss. The firm primarily focuses on proactively generating appreciation through the repositioning of commercial, income-generating properties and land asset rights. For more information, visit www.integrisinvestments.comor call 84-INTEGRIS.
Reserved for accredited investors. This is not an offer to buy or sell securities. Such an offer may only be made by means of the offering memorandum to qualified purchasers. Investing in Integris Real Estate Investments programs involves significant risk and is only suitable for investors who do not require cash and who can afford the loss of their entire investment. There can be no assurance that any strategy will be successful in achieving its investment objectives. The performance of this asset is not indicative of the future results of other assets. Securities offered through Shopoff Securities, Inc. member FINRA/SIPC.
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SOURCE Integris Real Estate Investments