Head of Zone Investment Strategy

Head of Opportunity Zone Investment Strategy Program

OZ 2.0 — One Big Beautiful Bill Act (OBBBA, signed July 4, 2025)

Build Bonaventure’s platform-level OZ 2.0 investment strategy — proprietary deals and best-in-class external operators

Bonaventure commits 10–25% GP co-invest alongside LP capital across its own deals and third-party allocations

Zone nominations begin July 1, 2026; new OZ 2.0 map effective Jan. 1, 2027

Standard QOF (10% basis step-up) and Qualified Rural Opportunity Fund (30% step-up)

The One Big Beautiful Bill Act, signed July 4, 2025, made Opportunity Zones a permanent feature of the U.S. tax code. OZ 2.0 resets the program with a rolling five-year gain deferral, a reinstated 10% basis step-up for standard QOFs, a new Qualified Rural Opportunity Fund (QROF) structure with a 30% step-up and a reduced 50% substantial‑improvement threshold, and an entirely new zone map effective January 1, 2027.

State nomination windows open July 1, 2026.

Bonaventure is positioned to be a first‑mover in this reset — and to build something structurally differentiated from what the OZ 1.0 market produced. The strategy is not simply to wrap Bonaventure’s existing development pipeline in a QOF. It is to build a platform that deploys meaningful GP capital (10–25% co‑invest) across two channels: proprietary Bonaventure deals and a curated set of third‑party operators who bring the best opportunities in markets and asset types beyond Bonaventure’s direct footprint.

The result is a fund platform that offers LPs both the operational credibility of a GP with skin in the game and the diversification of a best‑in‑class deal selection process — a combination that was rare in OZ 1.0 and will define the strongest OZ 2.0 franchises.

This is a strategy‑first, platform‑level position. The person we hire defines how Bonaventure participates in OZ 2.0: which structures to run, which geographies and asset types to target, how to evaluate and partner with third‑party operators, and how to sequence fund launches now that OZ 2.0 is permanently embedded in the tax code.

The role owns the full investment platform — both the proprietary Bonaventure deal pipeline and the external operator allocation program. It requires the judgment to evaluate deals across both channels against a consistent underwriting standard, the relationships to attract top‑tier operators as partners, and the LP fluency to articulate a differentiated story to capital allocators.

It reports to the CFO and works alongside the CEO, Capital Markets, and Investments teams. This is a builder role with executive‑level accountability from day one.

• Develop Bonaventure’s OZ 2.0 investment thesis — geographic focus, asset type priorities (proprietary vs. third‑party), return targets, and fund‑level differentiation
• Own full P&L accountability for the Opportunity Zone business
• Drive fund‑level return targets and overall performance outcomes
• Lead capital formation efforts across investor channels
• Identify, evaluate, and select operating and investment partners
• Negotiate deal terms and structure transactions
• Define the dual‑channel model: how to allocate between Bonaventure’s own pipeline and external operators, and how to maintain consistent underwriting standards across both
• Determine fund structure: QOF vs. QROF, single‑asset vs. multi‑asset vehicles, GP co‑invest sizing (10–25%), and sequencing of fund launches relative to the new zone map and OZ capital cycle requirements
• Map Bonaventure’s existing development capabilities and pipeline against the incoming OZ 2.0 zone redesignation (effective Jan. 1, 2027); identify gap geographies where third‑party operators fill the strategy
• Evaluate the QROF rural channel specifically — 30% basis step‑up, 50% substantial‑improvement threshold — for both proprietary and external deal flow
• Monitor the state nomination process (90‑day window from July 1, 2026) and position Bonaventure to react quickly once the final zone maps are published

• Build and manage Bonaventure’s external operator sourcing…