Salmanson Capital has paid special attention to the Opportunity Zone (OZ) program since it was created under Tax Cuts and Jobs Act of 2017 and the designated areas were released in 2018. The unique relationship between OZ’s and Tier 1 Universities creates a incredible opportunity to invest in prime student housing adjacent to large Universities in areas that already possess strong demand and will receive the additional tax benefit. Salmanson Capital has used its comprehensive sourcing ability to identify many OZ opportunities. We currently have two Opportunity Zone projects with a total of 785 student housing beds. We acquired StateHouse Apartments Pre TCO adjacent to Florida State University and have another project under construction across the street from the main entrance to the University of Florida, as well as many other OZ student housing deals in the pipeline. Salmanson Capital has immersed itself in the rules and regulations of the program, and has assembled a first rate team of legal and tax experts to assist us.
Salmanson Capital operates all of its properties through its affiliate management company, L3 Campus. We believe the best way to optimize our investments and operate our communities to our very high standard is to do it ourselves. The management company is led by Jamie Grant, who has over 15 years’ experience in all facets of student housing, from operations to acquisitions, at one point overseeing 15,000 beds for a large national student housing owner-operator before rejoining Salmanson Capital. With her combined ability and experience she oversees corporate and property operations, and has built a stellar team of dedicated professionals to manage the portfolio’s operations.
Salmanson Capital/L3 builds a brand name, one that identifies its collection of properties as the destination for students in that particular marketplace.