Integris Real Estate Investments Launches Integris DLV Opportunity Zone Fund
Integris DLV Opportunity Zone Fund, LLC is seeking a capital increase 25 million dollars from accredited investors
IRVINE, California., January 20, 2022 /PRNewswire/ — Integris Real Estate Investments (“Integris”), a direct real estate investment sponsor to individual investors, registered investment advisers and family offices, announced today that it has launched the Integris DLV Opportunity Zone Fund. The Qualified Opportunity Zone Fund is targeting a raise of up to 25 million dollars of investor capital for the basic development and ownership of Dream Las Vegas, a hotel and casino on the Las Vegas Strip.
Integris Real Estate Investments
Dream Las Vegas’ project offering, which is located in a qualifying opportunity zone, may offer potentially beneficial tax benefits to investors. The Fund offers potential investors the opportunity to defer and reduce capital gains for federal income tax purposes by investing in a qualifying opportunity zone.
“Integris Real Estate Investments is pleased to announce the launch of this unique offering that includes this unprecedented qualified development in one zone on the Las Vegas Strip,” he said William Shopoff, President and Chief Executive Officer of Integris.
Currently under construction and design, the 19-story Dream Las Vegas is located at 5051 Las Vegas Blvd. It will feature 526 luxurious rooms and suites, gaming casinos, dining options, a pool and day club, retail outlets and a full-service fitness center. The hotel will be branded as the Dream Hotel and managed by the Dream Hotel Group.
The total increase for the Integris DLV Opportunity Zone Fund is 25 million dollars, with a minimum investment of $100,000. The partnership is expected to hold the project for 10 years to take full advantage of the qualified opportunity zone.
About Integris Real Estate Investments
headquarters in Irvine, CaliforniaIntegris Real Estate Investments offers registered investment agents, family offices and accredited investors the opportunity to invest directly in the conversion of idle, undervalued real estate into better managed, attractive and valuable assets that have the potential for value appreciation and profitability. For nearly three decades, the leadership team at Integris Real Estate Investments has focused on opportunistic value-added projects. Integris uses a multidisciplinary approach that enables the company to uncover opportunities that others miss. The Company is primarily focused on proactively creating value through the repositioning of commercial, income-generating real estate and land assets. For more information, visit www.integrasinvestments.com or call 84-INTEGRIS.
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For accredited investors only. This is not an offer to buy or sell any securities. Such an offer may only be made to qualified buyers by the Offer Memorandum. Any investment in Integris Real Estate Investments programs involves significant risk and is only suitable for investors who do not have cash requirements and 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 performance of other assets. Securities offered through Shopoff Securities, Inc. member FINRA/SIPC.
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SOURCE Integris Real Estate Investments