Former NJ Gov. Chris Christie wants to raise $150M Opportunity Zone fund

Former NJ Gov. Chris Christie wants to raise $150M Opportunity Zone fund
The former NJ governor has a property investment fund
Tri-State /
Chris Christie (Credit: Getty Images)
Chris Christie is getting into real estate.
The former New Jersey governor has co-founded a property investment fund with his wife, the Wall Street Journal reported.The aim is to raise $150 million.
The fund looks to take advantage of Opportunity Zones, which is a f

ederal program that gives tax breaks for development in low-income areas. The zones are part of the tax overhaul and allow investors to defer capital-gains taxes by investing in qualifying real estate projects.
Christie is a senior adviser, sources told the Journal, while his wife, Mary Pat Christie, is executive vice president. The Christies started the fund, known as Hampshire Christie Qualified Opportunity Fund LLC, with Hampshire Cos., a real-estate investment firm founded by Christie’s longtime ally, Jon F. Hanson.
He joins other former government officials who are eyeing the program. Anthony Scaramucci, who briefly served as White House communications director in 2017, has launched an Opportunity Zone fund through his investment firm, SkyBridge Capital. One of the architects of the program, the former Obama administration senior economic adviser Steve Glickman, runs an Opp Zone advisory business. [WSJ] — Meenal Vamburkar
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
REAL NEWS, REAL DEALS DELIVERED DIRECTLY TO YOUThe Real Deal’s newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.
We are having some technical difficulties. Try again later.
By clicking Subscribe you agree to our Privacy Policy.

Leave a Comment