Peakline Launches Fourth OZ Fund Program with Metro, Rural Focus
Peakline Real Estate Funds has launched its Peakline Real Estate Qualified Opportunity Zone Fund IV Program, introducing two new investment vehicles aimed at capturing opportunities across both urban and rural markets as the Opportunity Zone framework continues to mature.
The program includes the Peakline Real Estate Metro QOZ Fund IV and the Peakline Real Estate Rural QOZ Fund IV, offering investors differentiated access to Qualified Opportunity Zone (QOZ) strategies tied to location-specific growth dynamics and tax advantages.
“As the Opportunity Zone market has evolved into a permanent part of the tax code, we see a significant opportunity to deliver differentiated investment solutions that combine strong real estate fundamentals with meaningful tax advantages,” said Michael L. Miller, Co-Founder, President and CEO of PREF.
The Metro Fund will focus on higher-density urban and suburban developments, targeting a diversified mix of multifamily, mixed-use and select infill industrial assets. Meanwhile, the Rural Fund is aligned with newly designated Rural Opportunity Zones, emphasizing lower-density residential, industrial and energy infrastructure investments.
The QOZ structure continues to appeal to investors seeking tax efficiency, offering deferral of eligible capital gains for five years, a potential step-up in basis—10% for Metro investments and 30% for Rural—and elimination of additional capital gains taxes on investments held for at least 10 years, including depreciation recapture.
Peakline has been an active player in the space, with $1.2 billion in equity commitments and $4 billion in total project costs across three prior funds. The firm currently manages more than $1.7 billion in equity across six funds, representing $5 billion in gross value.
The QOZ IV program is expected to begin deploying capital in January 2027.