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South Sioux City
What We Are
Veterans Victory Opportunity Fund – South Sioux City, NE (VVOF) is a private-equity real estate Qualified Opportunity Fund (QOF) designed as a vehicle for investors with capital gains equity. Funds will be used to purchase, construct and renovate a mixed-use property marketed to Veterans, resulting in ADA- accessible, green multifamily apartments, business offices, and programs for Veterans that create above- market returns for the investor.
The South Sioux City, NE fund is one of several single-asset QOFs planned under the umbrella of VVOF for the construction of multifamily apartments and small business Center in Opportunity Zones in high-growth communities. The dual goals are to create stable Veteran communities that serve and enhance the surrounding underserved areas while creating a portfolio of properties attractive to bank equity, private equity, and family office investors. For the So. Sioux City, NE, VVOF plans to /build 300 apartments and 20 business offices.
VVOF seeks to provide investors with attractive projected net IRR, including an average annual tax- shielded income yield above market, plus tax benefits of a QOF investment.
Mission
Sustainability, Livability, Innovation and Entrepreneurship for All.
Our mission is to help improve the lives of Veterans through a mixed-use, place-based initiative, designed to provide offices, technical assistance, and programs for veterans to create jobs, assist with self-sufficiency, and housing to help improve quality of life in a supportive community atmosphere.
How
VVOF will purchase property in strategic high-growth locations with the goal of creating a Veteran Community, living and working in institutional quality property, which will reduce turnover, help retain property values and achieve maximum appreciation for the property value in ten years. This results in above-market returns for the investor. At the ten-year mark, the post-acquisition basis is capital gains tax- free. Health, recreation and business programs are offered for Veterans at the site, which encourages renters to stay for the long term.
VISION
Overview of the Prioritized Investment Focus
The profit margin will be above market because the place- based, scalable model incorporates elements of five well-developed programs into a new system of revenue production.
Digital Connection Program
Using state-of-the-art technology designed and delivered through GTSG. The construction of the apartments and offices will involve the fastest broadband services available (www.gtsgglobal.com). GTSG will provide “Smart City Technology” to help veterans sell products and services to other veteran-owned businesses and government organizations across the nation.
Veteran-Owned Small Business Development Program
Focuses on providing intensive services to help veterans develop, own, and finance SBA-certified Veteran-Owned Small Businesses, Certified Women-Owned Disadvantaged Small Businesses, Certified Disabled Veteran-Owned and Certified HUB Zone Businesses. Business incubation will occur through the Small Business Center sm co-located with housing at the Veterans Victory Campus.
Holistic Healthy Housing Program
Will be a community-centric affordable real estate development aimed at veterans. The cost of renting apartment rentals will be reduced through the use of GTSG’s technology.
Innovative Business Investment and Risk Reduction Program
Project financing of the holistic Veterans Victory Project will employ state and federal QOF deductions and Technology Investment Incentives. Banks will have the incentive to lend to and invest in Veterans Victory
to meet CRA requirements.
Carbon Footprint Reduction Program
will reduce harm to the environment through the use of Property Assessed Clean Energy (“PACE”) financing, which pays for the use of energy-efficient materials in the construction of apartments and offices. The holistic design of the Veterans’ campus helps reduce energy consumption for the renters and the business owners. GTSG Global technology will be combined to reduce operating expenses and energy consumption by installing new, top-of-the-line core infrastructure, which enhances operating leverage and increases Net Operating Income (NOI).