Puerto Rico Opportunity Zone Fund, LP
The Tax Cuts and Jobs Act of 2017 created Qualified Opportunity Zones (“QOZ”), to provide tax benefits to investors who re-invest capital gains into communities in QOZs. This provides a win proposition for both investors who seek to reinvest capital gains in a tax efficient manner and communities designated as QOZs.
Monllor Capital, lead by Mr. Torres, is organizing Puerto Rico Opportunity Zone Fund, LP ("PROZ"), a fund focused on QOZ investing in Puerto Rico, where more than 95% of the Island qualify as QOZs. PROZ will seek to invest in renewable energy infrastructure to achieve a diversified portfolio that will benefit from the growth and improvement of the Puerto Rican economy.
PROZ has secured a Letter of Intent to acquire, construct, and operate a portfolio of 100 MW of renewable solar projects in Puerto Rico.
This does not constitute an offer of any securities of the Fund. Offers will be made exclusive through a private placement memorandum to investors meeting certain eligibility criteria and in compliance with applicable securities laws.