NBA Owner Makes Big Bet On Opportunity Zones As Biden Presidency Sparks Fresh Start For OZs

FORBES: An owner of the Sacramento Kings is driving hard into the Opportunity Zone market. RevOZ—an investment arm of the Bhathal Family, which parlayed their swimsuit business into a real estate empire and stake in the Kings—plans on investing roughly $250 million into OZ projects over the next few years. The capital follows the $125 million RevOZ has already plowed into OZ investments, including apartment complexes in Sacramento, a healthcare center in San Bernardino, CA, and an eco-friendly hotel in Redmond, Oregon.

RevOZ presented with GlobeSt.com’s Opportunity Zone Investor of the Year

NEWPORT BEACH, CA – For GlobeSt.com’s ADAPT awards, we reviewed individuals and companies that have made a significant impact on the adaptive reuse / Opportunity Zone sector with their various efforts. We are pleased to announce that RevOZ Capital and its founder, Alex Bhathal, stood out as the top Opportunity Zone investor of the year. We will be honoring the winner at our awards ceremony in Baltimore on September 16th.