MEEKER | Four Points Funding (4PF), a private real estate investment firm with offices in Steamboat Springs and Denver, was recognized as a leading Opportunity Zone fund nationally in the The Forbes OZ 20: Top Opportunity Zone Catalysts, a partnership between Forbes Magazine and the Sorenson Impact Center. The Forbes OZ 20 recognizes OZ Funds and community organizations that are committed to achieving equitable economic growth in underserved and overlooked communities throughout the county.
Four Points Funding (4PF) is a for-profit investment fund that believes Colorado’s give first ethos is the best way to maximize profits and impact. Through their Rural COZ Opportunity Zone Fund, 4PF is building the path to investing at scale across Colorado’s emerging communities.
Stephanie Copeland, partner at Four Points Funding, and former executive director at the Colorado Office of Economic Development and International Trade where she led the nomination of Opportunity Zones across the state, expressed her excitement of the nomination: “The Western Slope of Colorado is loaded with untapped potential for investment.” “The lack of attainable housing, across towns all over the western slope, is something we are working to address and open that path for investment from the urban markets,” said Copeland. “With strong project underwriting and significant upside for investors looking to take advantage of the Opportunity Zone benefits, as a firm, we seek to deliver value and returns to our investors while driving positive change in these communities.”
4PF invests in emerging communities throughout Colorado including active projects in Northwest Colorado. Trail & Hitch, an RV park and tiny home hotel located in Meeker, was announced this past September. Four Points Funding is actively leading the project’s development. Amanda Montgomery, partner at Four Points Funding, is spearheading the project.
“Meeker is naturally beautiful,” said Montgomery, “but what a lot of people don’t know is that Meeker is also leading the model for rural towns to adapt to a changing economy. Not only are they constantly building new bike trails, the town is set up with fiber-optic internet, laying the foundation for a remote workforce. We are excited to work with the community and employ a local staff to help move the needle in a positive direction.”
4PF recently purchased the old Boy-ko Supply Building located off Victory Way in downtown Craig, Colorado. “Launching a project in Craig has been part of our mission day one since creating the fund,” said Amanda Montgomery. “Craig has a strong community spirit and a creative undertow that we want to help unlock. It’s a place we’re excited to be.” 4PF will announce their plans for the property in the coming weeks.
More than 8,700 opportunity zones were designated as part of the 2017 Tax Cuts and Jobs Act. These zones were selected in collaboration with state and federal leaders to drive investment into distressed communities. The incentive offers deferments and savings on capital gains when investors deploy funds in opportunity zone projects.
Four Points Funding is an active supporter of the rural business ecosystem through West Slope Angels, an angel syndicate and investing network, with chapters across the state.
Special to the Herald Times