Tangram Custom Furniture Unit Relaunched as Studio Other

studio other

Tangram, a curator of commercial interior environments and workspaces, recently announced the evolution of its Tangram Studio custom furniture unit to become an independent entity under the name Studio Other. Charlotte Wiederholt continues as president and creative director.

Since its inception in 1996, Studio has built a reputation as a premier creator of innovative custom furnishings for environments ranging from corporate workplaces to educational institutions and healthcare facilities. Moreover, that growth has taken place on a nationwide basis. Clients have included Boston Consulting Group, Saatchi & Saatchi, Juno Therapeutics, Imagine Entertainment, Loyola Marymount University, Toms Shoes, Pinkberry and Ticketmaster.

Studio Other represents the maturation of what began as a start-up entity incubated and developed within Tangram Interiors. Its new status will enable Studio Other to operate independently under its own brand identity as it pursues ongoing expansion across the U.S.

Savoy Foundation Raises Thousands for Caterina’s Club

Notte di Savoia

Expanding its commitment to the welfare of children through its new campaign launch “Chivalry for Children’s Causes,” the American Foundation of Savoy Orders raised thousands for Caterina’s Club during its annual West Coast gala – Notte di Savoia – in Los Angeles on April 6, 2019. This year, $100,000 was donated for the Southern California-based charity from funds raised by the event. The grant was presented to Caterina’s Club founder Chef Bruno Serato during the Savoy Foundation’s Annual Spring Event – Festa della Primavera – on June 11, 2019 in New York City for its work providing meals, housing and job training for disadvantaged children and families.

The American Foundation of Savoy Orders was founded to support philanthropic causes, among which is the care for needy children. This year, the Savoy Foundation launched a new charitable initiative – Chivalry for Children’s Causes – a multi-year campaign to assist institutions and charitable organizations whose programs aid children and families in need, building stable, healthy families, by providing enrichment spaces, basic meals for improved health and stable living conditions in economically disadvantaged environments.

Carl Morelli, Chairman of the Board stated: “I am delighted to present the Caterina’s Club grant to Bruno Serato for his outstanding efforts to bring to the forefront a most worthy cause for children and their families. Our Foundation was founded for chivalric causes among which is the care for disadvantaged children. We are ever so proud of the funds raised at our Los Angeles Notte di Savoia in April of this year and I will present this with great pride on behalf of all those sponsors and benefactors who made it possible for 11 families to find permanent homes in Los Angeles. ”

“We are extremely pleased and grateful for this gift,” said Chef Bruno Serato, Founder of Caterina’s Club in Anaheim, California. “It’s wonderful to be able to announce it and celebrate with the families and young people that we serve. We will be able to find homes for 11 families who have been living in motel rooms without a kitchen and adequate living space, some for as long as 10 years! This generous grant from the Savoy Foundation represents a tremendous boost to our philanthropic efforts to support the many families that need our help.”

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The Trillion Dollar Power Play: Opportunity Zones

Let that word “trillion” sink in for a moment. Do I have your attention?

Good. Because Opportunity Zones just may be one of the biggest business opportunities of our generation.

  • More than $2 trillion in unrealized gains currently sit on the ledgers of investors and corporations, according to the Economic Innovation Group.
  • Investing these funds directly in 8,700 Opportunity Zones (or 1 in 8 U.S. Census tracts) for 10 years or more would eliminate any federal taxes due on those gains – and potentially reduce poverty via job creation and income growth related to those investments.

This July, we organized some of the brightest minds on this topic for a select group of attendees in Orange County, CA. So what is an “Opportunity Zone”, and how do businesses and communities ultimately benefit? First, some historical context.

Opportunity Zones originally stemmed from a discussion between Sean Parker (co-founder of Napster) and Peter Thiel (PayPal) back in 2015, as both were interested in creating a tax-efficient mechanism that would encourage capital investment in historically low-income tract census areas around the country.

Parker and Thiel found political allies in Sen. Cory Booker (D) and Sen. Tim Scott (R), who co-authored a bill to create Opportunity Zones. Over 8700 low-income census tracts were identified around the country, and the bill became part of the sweeping 2017 Tax Cuts and Jobs Act. The Opportunity Zone Program provides for the deferral of long term capital gains, and potential for a step up in basis and elimination of long term capital gains.

The U.S. Treasury confirmed Opportunity Zone maps in June of 2018 and issued the first set of regulations in October of 2018.

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Sources: U.S. Census, HIP Investor

2019: What We Know and How It Works

Throughout 2019, the IRS and U.S. Treasury have released additional guidance around Opportunity Zones, and one of the most significant included guidance around operating businesses sited within an Opportunity Zone and funded by a Qualified Opportunity Zone Fund (QOF):

Safe harbors: Businesses funded by a QOF can now qualify for tax incentives, as long as they satisfy any of three “safe harbors”:

  1. At least 50% of work hours or amounts paid to employees or independent contractors are spent within the Opportunity Zone, or
  2. At least half of the company’s gross income is generated by tangible property of the business, and
  3. The management or operations are based in the Opportunity Zone.

Reinvestment: Qualified opportunity funds now have a grace period of a single year after the sale of an Opportunity Zone asset to reinvest the proceeds in other Opportunity Zone assets.

The reinvestment feature provides fund managers the option to hold cash and pivot to other properties if a fund’s original investments are not performing at expected levels. This feature should also prove popular with Opportunity Zone Fund investors.

Partnership debt: Investors originally worried that partnerships with debt would not provide a basis adjustment, which is important for distributions. Partnership debt is now included in the investor’s basis and does not impact the amount of the deferred gain in 2026, or the gain from appreciation if the partner sells their interest in the Qualified Opportunity Zone Fund after the 10-year holding period.

Orange County Perspective

Our panel included the aforementioned Carey Ransom (Managing Partner OC4 Ventures), Kevin Maloney (Investor Relations RevOZ Capital), and Johnney Zhang (CEO, Primior). All have created early success with the Opportunity Zone vehicle:

Johnney Zhang, CEO Primior

Primior: On June 26, 2019, Primior celebrated the groundbreaking of its’ first Opportunity Zone project, the ambitious First Harbor Plaza Development in Santa Ana, CA. This project has been celebrated by city and community leaders, and it will positively transform an important section of Santa Ana’s core:

Primior Opportunity Zone Project: Santa Ana

Kevin Maloney, Investor Relations RevOZ Capital

RevOZ Capital: Kevin Maloney (Investor Relations RevOZ) provided our guests with a unique view into the firm’s activity in this space, as they evaluate a pipeline of over 100 Opportunity Zone deals around the country. RevOZ Capital

Carey Ransom, Managing Partner OC4 Ventures

OC4 Ventures: Carey Ransom (Managing Partner OC4 Ventures) provided an inside look at how the Qualified Opportunity Zone Fund will create a tech incubator for early-stage technology companies here in Orange County. This vehicle will attract capital investment, create jobs, and help diversify the local economy beyond the historical powerhouses of real estate and construction. OC4 Ventures

Final Thoughts

Thanks to the Pacific Club in Newport Beach, CA for hosting this event. A special thanks to our host and sponsor Sinan Kanatsiz (CEO, KCOMM), and to Robert Mosier.

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The Opportunity Zone vehicle presents an unbelievable opportunity for communities, investors, and the firms putting OZ Funds together.

And as always, create your own Opportunity Zone by investing time with the market and thought leaders that will reshape much of our tomorrow through this innovative program.

Be Great,


Sean Conrad is a Principal with EPIC Insurance Brokers and Consultants, and an entrepreneur and investor. Sean is an accomplished Senior Executive with 20 years of success in the commercial insurance brokerage industry and is passionate about leveraging his expertise in risk management, employee benefits, and sales and marketing to make businesses better. Sean is also a Founding Member of The International Executive Council (IEC), one of Southern California’s premiere Executive Business Networks.

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Primior’s First Harbor Plaza Development in Santa Ana Opportunity Zone Breaks Ground on June 26

Primior Groundbreaking

Primior, a leading real estate development and investment management firm, broke ground on its First Harbor Plaza development in Santa Ana on Wed., June 26, 2019. Two major tenants are already in place for the mixed-use project, Chase Bank and Optima Salon Suites.

At the intersection of N. Harbor Blvd. and W. 1st St., First Harbor Plaza is a 40,129-sq.-ft. restaurant, retail, office and medical property located in one of Santa Ana’s busiest areas with high traffic counts of some 71,000 cars daily. The surrounding area has a population of just over 784,000 within five miles. A key draw of the property is its location in a recently established Opportunity Zone.

“We are very pleased to be developing one of the first properties of this type in Santa Ana under this important program,” said Primior CEO Johnney Zhang. “The positive impact this innovative financing model will have on the local community in terms of strong economic opportunities and an enhanced quality of life has led us to seek out areas where we can make a contribution.”

The Opportunity Zone program was created by the 2017 Tax Cuts & Jobs Act to revitalize economically distressed communities through private investment as opposed to taxpayer dollars. Opportunity Zones have now been designated in all 50 U.S. states, the District of Columbia and five U.S. possessions.

To motivate participation in the program, taxpayers investing in a Qualified Opportunity Zone via an Opportunity Fund can benefit from capital gains tax incentives available exclusively through the program. Moreover, in comparison to other programs that encourage private investment in low-income areas through tax advantages, the Opportunity Zone program is less restrictive, costly and reliant upon government agencies.

First Harbor Plaza includes two structures. Building 1 encompasses some 14,400 sq. ft. in two large anchor suites and five smaller spaces on the first floor, with the same configuration on the second floor. Chase Bank occupies the premium, first-floor corner space in that building. Building 2 includes approximately 3,880 sq. ft. on the first floor, two suites on the second floor totaling 3,778 sq. ft. and a third-floor suite of 3,778 sq. ft. to be occupied by Optima Salon Suites.

Primior offers a uniquely integrated suite of real estate services designed to produce superior levels of value, income generation and return on investment. Its investment properties include single development projects, REITs and Opportunity Funds.

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Better Treatment for Traumatic Brain Injury

Brain Injury


This is the experience of a neurosurgeon, since 1977. In the early years of severe head trauma in a patient, when the intracranial pressure (ICP) was too high, the dura had to be left open, with the skull removed, which is known as craniectomy (the large skull bone was left out and the scalp and skin was closed in a hurry). One would hope and pray for the patient’s survival, but the majority died, except a few who remained in a vegetative state. In 1984, with the trauma system being established and ICP monitoring developed, ventriculostomy (to put a silastic catheter in to the brain’s ventricle to drain the cerebro-spinal fluid) proved to be the the best help to these patients for monitoring and lowering intracranial pressure. I used it in severe brain trauma and severe brain hemorrhage in comatose patients since 1984, and I saw the benefit in the improvement of patients. Whenever ICP is raised, the only thing that can be sacrificed is the Cerebrospinal fluids (CSF), which the brain produces about 30 cc per hour without interruption, thus protecting the brain and the blood that feeds the brain. Over the years, decompressive craniectomy became popular, although it has 24 possible complications reported by one of the leading universities in San Francisco. Since the year 2000, to keep the balance of the brain’s two hemispheres, I elected to do 2 ventriculostomies on the right and left sides of the brain as a first surgery and followed this with removal of the hematoma, bone fragments, bullets, etc. This improved the survival of the patients with better neurological conditions and few possible complication with ventriculostomies. This surgical approach needs early surgery after the CT of the head, and prevention is better than repair of possible complications. Close team-work to keep the CSF draining requires a little extra work, but the result is happier for the patients and doctor at about 20%. I will be happy to explain and show details. I have examples of 159 patients: 92 TBI (traumatic brain injury), 33 ICH (spontaneous intracranial elderly patents), 17 intracranial gun shot wounds, 7 intracranial brain tumors with hemorrhage coma, 10 subarachnoid intraventricular hemorrhage patients to demonstrate the value of this surgical procedure.


Approximately 1.4 million people experience a TBI (traumatic brain injuries) every year in the US, and 50,000 people die from head injuries in the US every year. Approximately 1 million people with head injuries are treated in hospitals every year in the US. Surgeons usually start with a decompressive craniectomy, then the removal of the subdural hematoma or epidural hematoma, or intracerebral hematoma after medical treatment and observation and the deterioration of the patient. However, if one starts with a decompressive craniectomy and then proceeds to a ventriculostomy, the ventriculostomy becomes more difficult to perform and is less successful, due to the brain’s shift from atmospheric pressure. Some surgeons start with a ventriculostomy, which soon obstructs the blood products and stops draining the CSF. After severe TBI, every hour, more than a million neurons (brain cells) die and the brain cannot make new ones, only partially injured ones, if the increased ICP is quickly brought back to the normal values. With proper treatment, patients can recover and slowly improve, but time is life for the brain. This was the reason trauma centers started in 1984 in the US. After severe TBI, the condition of patients in the first 72 hours, even after proper surgical treatments, usually deteriorates. The first three days is a very critical time, patients should be monitored very closely. Any stimulations, pain, temperature increase, suctioning of the mouth, coughing, sneezing, difficulty breathing, can increase ICP suddenly.


As soon as a patient with severe TBI arrives at an emergency room (ER), after routine treatment of resuscitation, controlling the airway, blood pressure, circulation, CPR, then CT of head and other necessary CTs, then it is better to start with the right and left side ventriculostomies, to start draining CSF and monitor ICP and keep this open with Bacitracin solution irrigation as needed and than proceed to other necessary surgeries, removal of the hematoma, bone fragments and control hemorrhages. It is better to keep severe TBI patients completely asleep for the first three days, and the ICP under control post surgery, with a daily CT of the head, and keep CSF draining as needed and follow head injury medical protocol. If more time is needed for CSF draining and pressure of ICP remains controlled for more than 7 days, then one should remove the old ventriculostomy tubes and put a ventriculo-pertoneal shunt, which can stay permanently. If all of these measures fails, then a decompressive craniectomy can be added, but not as a first step. With right and left ventriculostomies, by preventing complications or morbidities of decompressive craniectomy, surviving patients will be more, and neurological deficits will be less. I will be happy to explain the details. I have done more than one thousand ventriculostomies without serious complications, over the years.

Interested in learning more? You can find more information here: mhozgur.wordpress.com.

The Economic Consequences of California’s Housing Crisis

housing construction

California’s housing crisis has received a heightened level of attention in 2019 and rightfully so.

A statewide survey conducted earlier this year by the Public Policy Institute of California made headlines regarding the overwhelmingly high level of public apprehension over skyrocketing housing costs. Not only did a record-high share of Californians say that the lack of affordable housing is a big problem in their region, but an eye-opening 35 percent said that high housing costs have them seriously considering leaving the state.

In Sacramento, the housing crisis has come to the forefront as well, with a myriad of housing bills introduced in the state legislature. The most notable of these bills, Senate Bill 50 by Sen. Scott Wiener, D-San Francisco, generated a vigorous discussion over the issue of local control, eventually failing to pass out of committee. Other issues such as environmental regulations and rent control have fanned the flames of debate among various stakeholders.

As part of this debate, it’s critical not to overlook the negative economic consequences that accompany such a massive scarcity of affordable housing. Not only has the lack of new home construction in California caused a substantial financial hardship on individuals renting or purchasing homes, but the state’s overall economy has suffered as well.

A study by the well-respected McKinsey Global Institute found that due to the state’s housing shortage, California’s economy loses over $140 billion per year in economic output.

Included is an estimated loss of over $50 billion per year in consumer consumption due to the state’s high cost of housing. When people are spending a substantial portion of their paychecks on rent or mortgage payments, they have less to spend elsewhere. For low-income residents, this often means that income that would ordinarily be spent on basic necessities like food and clothing is redirected towards housing costs.

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Staples Every Wardrobe Needs


What does a nude stiletto and a navy suit have in common? They are classic, timeless and always come in handy! I find classic pieces to be essential and always my go-to’s for everyday wear. These are the pieces I can constantly count on to never let me down and always make sure I look put together.

I like to add my own personality to my style and find my own distinct and comfortable way of dressing. When I am styling our clients and members or even teaching my styling team, I always make sure they understand the importance of basic, classic and timeless pieces. Asking yourself, does my “blank” go with my “blank.” Classics just never let down and always make every occasion work. Creating your own personal style needs to be unique to you and make you feel confident. We all know the feeling in us when we love that outfit we are wearing. Confidence is an energy. People can feel that when you walk in a room. Confidence all starts with what you wear and how you feel about yourself.

One thing we get asked a lot is, what are the top 5 things every wardrobe needs for both men and women. When we are working with clients, most of the time they are people starting over and looking to rebuild their wardrobes. Regardless of where you’re at with your wardrobe there are clothes I suggest you own in your closet if you don’t already. Here is the breakdown for men and for women.

Men’s Wardrobe
Tailoring fitting clothes – most important!
1. Custom Tailored Navy Suit
2. Custom White Button Up
3. Custom Navy Sportcoat
4. Dark Fitted Jeans
5. White cool, causal sneakers

Women’s Wardrobe
1. Black Leather Jacket
2. Black Fitted Jeans
3. Nude Stiletto
4. Cocktail Dress (any color but black is a must!)
5. White or Black Classic Blouse

Signed by,

Bree Jacoby

Marketing Executive and Entrepreneur Sinan Kanatsiz Receives Ellis Island Medal of Honor

SAN CLEMENTE, Calif.May 13, 2019 /PRNewswire/ — Sinan Kanatsiz, founder and CEO of marketing communications firm KCOMM and Chairman and Founder of the Internet Marketing Association, has received the 2019 Ellis Island Medal of Honor sponsored by the Ellis Island Honors Society.

Sinan Kanatsiz, CEO of KCOMM receiving 2019 Ellis Island Medal
Sinan Kanatsiz, CEO of KCOMM receiving 2019 Ellis Island Medal

The recognition is awarded annually to a group of distinguished American citizens who exemplify a life dedicated to community service and extraordinary accomplishments in their industry. These are individuals who preserve and celebrate the history, traditions and values of their ancestry while exemplifying the values of the American way of life, and who are dedicated to creating a better world.

“As a second-generation American with roots in Turkey, I remember my father who was an educator talking about this medal and what it symbolized to him,” Kanatsiz said. “I am deeply honored and gratified to have been chosen and accept it in his memory as the individual, along with my mother, who set me on my path in life.”

Past Ellis Island Medalists have included seven U.S. Presidents, three world leaders, several Nobel Prize winners and countless leaders in industry, education, the arts, sports and government as well as everyday Americans who have made freedom, liberty and compassion a part of their life’s work.

For the medal presentation event, Ellis Island is closed to the public as honorees and their guests arrive via a private ferry. More than 300 service members participate in an opening ceremony that includes a joint-service color guard representing all five branches of the military. Medalists accept their honor on stage in front of family and friends during a black-tie dinner in the historic Great Hall.

Criteria for the Ellis Island Medal of Honor include integrity, passion, gravitas, humanitarianism and ethnic heritage. Kanatsiz has been actively involved in a wide range of charitable and philanthropic causes, including service on boards of directors as well as a volunteer and financial contributor. Examples include organizations and advocacy for at-risk youth, civic engagement, education, entrepreneurism, family services and literacy.

About Ellis Island Honors Society
The Ellis Island Honors Society was created on the conviction of its founders that the diversity of the American people is what makes this nation great. Its mission is to honor and preserve this diversity and to foster tolerance, respect and understanding among religious and ethnic groups. Additionally, Ellis Island Honors Society continues its commitment to the restoration and maintenance of Ellis Island, a living tribute to the courage and hope of all immigrants. Since 1986, the Ellis Island Honors Society has sponsored the Ellis Island Medals of Honor which are presented annually to American citizens who have distinguished themselves within their own ethnic groups while exemplifying the values of the American way of life. www.eihonors.org

Sinan Kanatsiz Executive Bio

Cav. Sinan Kanatsiz, CIM (titles)

Sinan Kanatsiz has effectively made his mark as an entrepreneur in the United States. His parents who migrated from Turkey established residency and citizenship in America in the 1960’s where they had and raised Sinan and his Sister Sebnem. In 1998, while studying for a master’s degree at Chapman University, Kanatsiz followed his entrepreneurial spirit and formalized his first company, KCOMM, a Public Relations and Internet marketing agency. The company quickly evolved into a full-service marketing, government affairs and event marketing firm known for its Internet expertise and results-oriented approach. In less than ten years, Kanatsiz grew the firm to several million dollars in revenue, opening business operations and clients in DallasNew YorkDubaiIstanbulMontrealLondonArgentina, and Delhi. Currently, KCOMM works with over 100 specialized employees and independent contractors in several countries and has developed campaigns for over 1,000 companies and organizations around the world. These include organizations ranging from innovative start-ups to New York Stock Exchange and Nasdaq listed companies such as Oracle, Sony, eBay, T-Mobile, HP, Adobe and the University of Phoenix.

KCOMM’s dedication to strategic programs and results-oriented campaigns has earned the firm several PROTOS awards, the highest honor bestowed by the Public Relations Society of America (PRSA). The effectiveness of KCOMM’s strategies has become so widely recognized that the firm’s clients have now extended beyond the realm of technology to include elected officials, municipalities and multi-national organizations.

As a consummate entrepreneur and philanthropist, Kanatsiz takes his community responsibilities seriously. In addition to mentoring high school and college students, he is often asked to speak about entrepreneurship and the Internet. He has held engagements at several universities, including USCChapman UniversityUCLACal State FullertonPepperdine, UC Irvine, and Cal Tech. Additionally, he has been a keynote speaker at the Future Business Leaders of American (FBLA) National Conference and is often called to speak on a variety of topics including Social Media, Search Engine Optimization, Email Marketing, Modernizing Government and the future of the Internet.

Kanatsiz’s belief in the power of entrepreneurism and politics led him to be the original founder of a group called Generation NeXt in 2004, a network of young business and community leaders committed to making a difference by empowering others for the betterment of the next generation. Additionally, he founded the Internet Marketing Association (www.imanetwork.org) in 2000, which has a large number of professional members worldwide and its own conference series called “IMPACT.” Past events have included the executives and founders of Google, SalesForce, Tesla Motor, SpaceX, Yahoo, Facebook, Microsoft, St. Regis Hotel, Wahoos, Quest Software, Amazon and YouTube to name a few. Kanatsiz is currently expanding the group globally and involving leaders from Europe, the Middle EastChina and India, working to create the largest association dedicated to Internet Marketing in the world.

While the IMA is a large, global organization, Kanatsiz recently created a spinoff in (2017), called the International Executive Council (IEC), which he founded to focus on the top 100 leaders in Southern California(www.iecnetwork.org). The organization has been hosting monthly events around topics including Social Emotional Learning, Cryptocurrency, Leadership and The Creative Process to name a few.

Kanatsiz holds a B.A. in Communications, with an emphasis in Public Relations, and a Master’s degree in Organizational Leadership with a certificate in Human Resources, all from Chapman University. Kanatsiz was designated Alumnus of the Year by Chapman University in the year 2000. He was also the recipient of the Community College of California Alumnus of the Year Award in 2005. Sinan was named in the Hall of Fame for Santa Ana Collegein the year 2006. He has also been named as 40 under 40 and a featured Entrepreneur of the Year by OC Metro Magazine. Recognized for his philanthropic involvement, Kanatsiz was appointed a Knighthood and invited to become a member of the Royal House of Savoy by Prince Emanuele Filiberto of Savoy in September 2018. Sinan received the 2019 Ellis Island Medal of Honor for his work in non-profit organizations, public relations, and internet marketing.

To this day, he credits his accomplishments to his Four Pillars of Success: personal integrity; coaches and mentors; family; and education.

Kanatsiz, his wife, Kai, son Archer, and daughter Arden, reside in San Clemente, California.

Media Contact: Rachel Reendersrachel@kcomm.com

SOURCE Internet Marketing Association


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Primior Launches Two Opportunity Zone Funds

The company is developing two retail properties in Santa Ana totaling 55,000 square feet.

Diamond Bar-based investment firm Primior has launched two qualified opportunity zone funds. Within the funds, it has two retail properties under construction in Santa Ana totaling 55,000 square feet. Like much of the market, the investor was attracted to the opportunity zones for the tax benefits and social impact aspect of the model.

“We have been following the Opportunity Zone program since its interception. It provides very attractive incentives for developers and investors, resulting in much higher returns and tax savings for the initial investment,” Johnney Zhang, founder and CEO of Primior, tells GlobeSt.com. “The other benefit is that, when a Qualified Opportunity Fund invests in an Opportunity Zone, it boosts the economy in the community and creates jobs. We currently have two QOFs that will make investments in Santa Ana.”

Primior acquired the two development sites in 2017 after the opportunity zone benefits were announced. With opportunity zone legislation only recently finalized, this is one of the earliest projects. “They are both entitled and ready to start construction in a few months, so I think we are ahead of most of our competitors,” says Zhang. “We have great relationships with national tenants and local cities, which allows us to create much higher returns for our investors in a shorter period of time. Our tenants are national brands such as Chase Bank that will enhance the local economy and provide good jobs.”

The firm focuses on retail as well as medical office properties, so these two opportunity zone projects are well within its area of expertise. It sees the most be returns in these two asset classes. “We are looking at almost any commercial properties but with an emphasis on retail and medical,” adds Zhang. “These two sectors are very stable as long as there are solid corporate tenants paying high rent with minimal turnover and corporate guarantees on the leases, so the income stream is very stable. We also like multifamily, but the returns on multifamily are far lower than on retail and medical.”

The investor has an integrated development model that allows it to be more efficient in building new projects. “We have in-house architects, contractors, leasing specialists, marketing experts, property managers and investment bankers,” says Zhang. “These teams handle all aspects of development and work very closely with each other. The end result has been amazing in terms of saving time as well as reducing costs, which leads to much higher returns.”

Opportunity zone funds have become wildly popular and there has been a flood of competition in new niche. However, because Primior has experience investing in retail and an integrated development structure, Zhang believes it is well positioned to generate strong returns. “There are certainly many funds and developers that have their eyes on it. So property values are going up very quickly. But if you over-pay, you will not be able to generate good returns,” he says. “Our acquisition team is actively looking for off-market deals that are less competitive. Also, since we are vertically integrated, we have the ability to identify the property and calculate the potential returns very quickly, enabling us to act faster than our competitors.”