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NORF 4 
Opportunity Zone Fund

NORF Launches NORF 4 OZF

Following the success of NORF's prior funds, and due to strong client demand, NORF launched the NORF 4 Opportunity Zone Fund.  NORF is excited to leverage its unique expertise investing in and revitalizing neglected buildings in underserved and up and coming areas. 

This Fund is closed to new investment.

The Fund will target secondary and tertiary markets, where valuations are reasonable and economic conditions favor growth. NORF has identified a wide selection of projects throughout the Southeast.

Market Focus

Tyler
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NORF 4 will maximize the value of each investment by employing multiple complex and nuanced tax strategies that improve overall returns. Some of these tax programs include Restoration Tax Abatements and Height and Facade Easements

Tax Strategies

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The Fund is focused on a variety of property types including multi-family, short-term rental/hospitality, mixed-use, commercial and light industrial.

Asset Type

NORF benefits from the experience of its affiliate companies Hernandez Consulting & Construction, Albert Architecture, NORF Management and NORF Realty. 

Affiliations

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Current Fund Projects Map

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Tyler, TX

New Orleans, LA

Fund Investment Assets

3100 Banks

3100 Banks

3100 Banks is a 21-unit new construction development located near the medical district in Mid-City New Orleans.

New Orleans | Louisiana

106 E Elm

106 East Elm

106 East Elm is a 15-story historic hotel located in downtown Tyler, Texas. The property sits in a Qualified Opportunity Zone and will take advantage of Historic Tax Credits.

Tyler | Texas

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380 South Liberty

380 South Liberty is a 5,000 SF lot, and current plans include a 12-story, 58,000 SF mixed-use / university housing. The property is located in downtown New Orleans with direct access to the medical district.

New Orleans | Louisiana

230 South Broadway

230 South Broadway

230 South Broadway is a six-story, 28,000 SF office building built-in 1956. Plans are to convert the building into 31 residential units.

Tyler | Texas

Fair

121 South Broadway

121 South Broadway is an eight-story, 91,000 SF office building that in downtown Tyler, Texas. Remodeling of office space is currently underway.

Tyler | Texas

123 South Broadway

123 South Broadway

Built-in 1945, 123 South Broadway is an eight-story building set to become mixed-use/multi-family, adding approximately 50 new rental units to the downtown Tyler market.

Tyler | Texas

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Please contact our firm to learn more about NORF 4 Opportunity Zones and the tax impact advantages.