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Norris & Stevens Brokers $5M Sale of Tigard Shopping Center

Sortis Holdings Launches $100M Opportunity Zone Fund

Portland, OR-based Sortis Holdings Inc. launched a $100-million Opportunity Zone fund focused on investments in the Western U.S., and specifically the Northwest. Sortis Opportunity Zone Fund was created to take advantage of the Tax Cuts and Jobs Act passed in December 2017.

Sortis’ Paul Brenneke says, “The Sortis Opportunity Zone Fund will allow accredited investors to take advantage of our unique investment strategies, while postponing, reducing and eliminating expensive capital gains tax they would otherwise have to pay.”

The fund will include investments in retail, office, hospitality and multifamily developments and re-developments, as well as qualified businesses located in opportunity zones. Sortis plans to deploy several proprietary strategies that were designed specifically to capitalize on the unique opportunities created by this new law. It will follow the same footprint of the company’s successful lending fund, the Sortis Income Fund.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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