Madison Block QOF
Madison Block QOF is an industrial-to-creative office conversion project located in the Central Eastside Opportunity Zone in Portland, Oregon. The Madison Block investment opportunity was sourced off-market through existing relationships with a local Portland sponsor, Libertas Companies.
EXECUTION
Marwood formed the Madison Qualified Opportunity Fund in June 2019 so that investors with 2018 capital gains could invest in the project tax deferred. The QOF will remain open to new investors through June 2020 to allow 2019 capital gains to also be invested tax deferred.
ADDRESS
210-226 SE Madison Street, Portland, Oregon
PROJECT SIZE
51,730 Square Feet
PROPERTY TYPE
Creative Office Conversion/Opportunity Zone
ACQUIRED
Summer 2019
STATUS
Under Re-Development