Kinect Real Estate Partners has broken ground on a 305-unit, transit-oriented multifamily project in Gresham, Oregon, and launched the Kinect Gresham OZ 2.0 Qualified Opportunity Fund, offering accredited, post-2026 investors a de-risked Opportunity Zone structure with targeted, tax-efficient long-term real estate exposure.
— Kinect Real Estate Partners announced today that it has broken ground on a 305-unit, transit-oriented multifamily development in Gresham, Ore., and launched fundraising for the Kinect Gresham OZ 2.0 Qualified Opportunity Fund. The fund is designed for accredited investors seeking exposure to an actively under-construction Class A mid-rise property located next to Gresham Station, with walkable access to retail, dining, and light rail within the Portland metropolitan area.
Photo Courtesy of Kinect
The Kinect Gresham OZ 2.0 fund is structured for post-July 2026 investors with realized capital gains who may benefit from tax deferral, basis step-up, and long-term tax-efficient appreciation under current Opportunity Zone provisions. The development is positioned as a de-risked entry point, with a fully entitled site, favorable land basis, construction already underway, and more than two decades of adjacent operating history in the immediate submarket.
The fund is structured to pair long-term value creation from multifamily real estate with the enhanced tax benefits available through Opportunity Zone 2.0, aligning investor capital with a long-term development horizon. The structure incorporates a multi-year deferral window, a basis step-up feature after a defined holding period, and depreciation intended to support tax-efficient interim distributions, subject to applicable tax rules and individual investor circumstances.
The Gresham submarket is characterized by limited new supply relative to recent absorption, with construction activity reported to be materially lower than in prior periods. Kinect views these dynamics, together with the project’s transit orientation, as supportive of the asset’s long-term occupancy and revenue performance.
Kinect is sponsoring the fund alongside an experienced multifamily operator with a multi-decade record of developing and acquiring properties across various markets. The sponsor group has completed prior Opportunity Zone projects on or ahead of schedule and under budget, and has raised Opportunity Zone equity for multiple developments, which it regards as indicative of its ability to execute on complex, tax-oriented real estate strategies.
The Gresham OZ 2.0 fund builds on Kinect’s recent momentum, including the oversubscribed $126.5 million close of Kinect Opportunity Fund II, which exceeded its $100 million target and is backing a development and value-add pipeline of more than 3,000 apartments across high-growth Western markets. Kinect views the launch of Gresham OZ 2.0 as the next step in extending that platform to a single-asset vehicle in a submarket it already knows well.
Kinect has committed a significant co-investment to the Gresham OZ 2.0 fund, resulting in what it considers strong alignment between sponsor and investor interests. BJ Kuula, co-founder of Kinect Real Estate Partners, said, “Today’s groundbreaking marks more than the start of construction. It reflects our conviction in the Gresham market and our commitment to developing high-quality housing where it is needed most. We’re proud to bring this project to life through a disciplined, vertically integrated approach that allows us to execute with confidence while creating lasting value for our investors and the community.”
Visit Kinect Real Estate Partners to learn more about the Kinect Gresham OZ 2.0 Qualified Opportunity Fund.
About Kinect
Kinect Real Estate Partners is a real estate investment management firm focused on delivering institutional-quality private real estate opportunities to accredited investors through a disciplined, data-driven approach.
Contact Info:
Name: BJ Kuula
Email: Send Email
Organization: Kinect Real Estate Partners
Address: Bellevue, WA 98005, USA
Website: https://kinectrep.com/
Release ID: 89199817
If you detect any issues, problems, or errors in this press release content, kindly contact error@releasecontact.com to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.