NEWPORT BEACH, Calif., June 10, 2021 /PRNewswire/ — On Thursday, June third, RevOZ Capital celebrated progress on its $1B Social Impact Initiative via a sequence of occasions in Southern California.
In San Bernardino, California, RevOZ joined with prime 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 Accomplice Lisa Merage and native leaders lower 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 12 months, advancing the JJP’s mission to supply a complete and efficient continuum of adolescent behavioral well being look after 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,” mentioned 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 group 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 attain,” mentioned Lisa Merage, RevOZ Capital Managing Accomplice 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 group advantages. We thank all of our companions for his or her help on this venture, and are excited to discover additional alternatives in the neighborhood to create financial and social impression.”
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 current progress and plans for the subsequent section of development. Each are comprised of a various multidisciplinary and bipartisan leaders in actual property, finance, coverage, group improvement, 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 energetic within the Alternative Zone panorama heard from a number of prime 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 Accomplice, RevOZ Capital
– Lisa Merage, Managing Accomplice 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 unbelievable potential of Alternative Zones throughout the nation,” mentioned Senator Tim Scott. “I’m amazed by the nice work being completed right here on the San Bernardino Medical Middle and stay up for 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 12 months, RevOZ introduced a $1B Social Affect Initiative, which incorporates formation of the Social Affect Council, and dedication to make important 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 strategy 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 enviornment and was named “Alternative Zone Investor of the Yr” by Globe St. in 2019. RevOZ has developed unequalled experience in navigating the regulatory complexities in addition to a rigorous deal choice course of for qualifying Alternative Zone initiatives.
SOURCE RevOZ Capital