NEWPORT BEACH, Calif., June 10, 2021 /PRNewswire/ — On Thursday, June third, RevOZ Capital celebrated progress on its $1B Social Impact Initiative by way of a sequence of occasions in Southern California.
In San Bernardino, California, RevOZ joined with high native, state, and nationwide leaders to commemorate the opening of San Bernardino County Department of Behavioral Health – Juvenile Justice Program (JJP) Facility. Joined by U.S. Senator Tim Scott of South Carolina – the co-author of the unique federal Alternative Zone laws – RevOZ Capital Managing Associate Lisa Merage and native leaders minimize the ribbon on a brand new 11,375 sq. foot facility financed with RevOZ’s Alternative Zone capital. The power will serve an estimated 400 – 900 households per yr, advancing the JJP’s mission to supply a complete and efficient continuum of adolescent behavioral well being take care of justice-involved youth, in or out of custody, who’ve psychological sickness.
“The Juvenile Justice Program reduces recidivism, promotes wellness and restoration, and enhances the standard of life in our county,” stated Board of Supervisors Chairman Curt Hagman. “Additionally, this venture was developed in a Certified Alternative Zone, which advantages each the private and non-private sectors and creates very important neighborhood profit. The worth of bringing new funding to underserved communities underscores the significance of this program.”
“This venture embodies a lot of what RevOZ aspires to realize,” stated Lisa Merage, RevOZ Capital Managing Associate and Chair of the RevOZ Social Affect Council. “We imagine deeply each within the potential of rising communities like San Bernardino, and within the potential of Alternative Zone investments to create actual financial, monetary, and neighborhood advantages. We thank all of our companions for his or her assist on this venture, and are excited to discover additional alternatives locally to create financial and social influence.”
In Newport Seaside, RevOZ convened the first-ever in-person gathering of the funds Board of Advisors and Social Affect Council for a luncheon to debate latest progress and plans for the following part of development. Each are comprised of a various multidisciplinary and bipartisan leaders in actual property, finance, coverage, neighborhood growth, and philanthropy.
Lastly, RevOZ teamed up with the nonprofit commerce group CalOZ and co-sponsors JTC Americas and UBS to convene a first-ever Social Affect OZ Summit. Over 100 regional leaders, traders, and professionals lively within the Alternative Zone panorama heard from a number of high OZ leaders:
– Hon. Tim Scott, Senator from South Carolina and OZ laws co-sponsor
– Hon. Stephanie Rawlings-Blake, RevOZ Social Affect Council and former Mayor of Baltimore
– Hon. Mick Cornett, RevOZ Social Affect Council and former Mayor of Oklahoma Metropolis
– Chris Cox, RevOZ Advisory Board member and Former Chairman U.S. Securities and Trade Comm (SEC)
– Josh Childress, RevOZ Social Affect Council and CEO of Landspire Group
– Reid Thomas, Managing Director & Chief Income Officer, JTC America
– Alex Bhathal, Managing Associate, RevOZ Capital
– Lisa Merage, Managing Associate and Social Affect Council Chair, RevOZ Capital
– Kunal Service provider, President and Co-Founding father of CalOZ
“Already tens of millions of People have seen and benefited from the unimaginable potential of Alternative Zones throughout the nation,” stated Senator Tim Scott. “I’m amazed by the nice work being achieved right here on the San Bernardino Medical Middle and look ahead to listening to the success tales that come from their efforts.”
The occasion commemorated the numerous progress RevOZ has made A’s a pacesetter within the state and nationwide Oz funding panorama. Earlier this yr, RevOZ introduced a $1B Social Affect Initiative, which incorporates formation of the Social Affect Council, and dedication to make vital investments into rising OZ communities throughout the nation.
For extra data on RevOZ Capital, please go to www.revozcapital.com.
About RevOZ Capital
RevOZ Capital facilitates the revitalization of Alternative Zones by offering co-investment capital for institutional high quality initiatives. RevOZ’s confirmed method is a product of the founders’ deep expertise in city redevelopment, capital markets and many years of cycle-tested business actual property (CRE) expertise. RevOZ has been acknowledged as a pioneer within the Alternative Zone area and was named “Alternative Zone Investor of the 12 months” by Globe St. in 2019. RevOZ has developed unmatched experience in navigating the regulatory complexities in addition to a rigorous deal choice course of for qualifying Alternative Zone initiatives.
SOURCE RevOZ Capital