Building Hope OZ Fund I, LLC
ABOUT BUILDING HOPE OZ FUND I, LLC
Building Hope OZ Fund I, featuring Fern Medical Village, represents a strategic $14 million Opportunity Zone and Program Related investments to fund the development of a Class-A medical campus in Foley, Alabama.
Situated in the epicenter of the nation’s #1 Retirement Destination, this project has first mover advantage as the inaugural development within the City of Foley’s newly legislated Medical Overlay District.
By capitalizing on a massive supply-demand imbalance - where a surging elderly population is currently forced to travel 40+ minutes to speciality care - Fern Medical Village targets a 25%+ IRR (with OZ benefits) and a 3.2x Equity Multiple, all within a tax-advantaged Qualified Opportunity Zone structure.
INVESTMENT OVERVIEW
Sponsor: Building Hope + OZDG
Asset: Class-A Medical Village (19 buildings)
Location: Foley, Alabama (Opportunity Zone)
Total Project Cost: ~$32M
Equity Raise: $14M OZ + Program Related Investments
Target IRR: 25%+ (with OZ Benefits)
Target MOIC: ~3.2x (10-Year OZ Hold)
Cash Out Refinance: Year 3
WHY FOLEY, ALABAMA?
Strategic Location & Market Demand
Fern Medical Village is located in a federally designated Opportunity Zone, positioned to capture the explosive growth of the Foley Market.
Foley is the fastest-growing municipality in the 10th fastest-growing MSA
The city's fastest growing demographic is retirees, with a median age of 52
Housing Affordability: Average home value is $296,232
Cost of Living: 5.2% below the national average
Median Rent: $1,950/month
A 2024 study by GoBankingRates (featured in Travel+Leisure) ranked Foley, Alabama as the Most Cost-Effective Retirement Location in the United States.
Foley outperformed traditional heavyweights like The Villages, FL, and Green Valley, AZ, driving a sustainable pipeline of mass-affluent retirees.
#1
#1
Retirement Destination
Retirement Destination
30.7%
30.7%
Senior Population
Senior Population
0%
0%
Social Security Tax
Social Security Tax
$297k
$297k
Average Home Value
Average Home Value
WHY INVEST?
ABOUT OZDG & BUILDING HOPE
OZDG specializes in transforming good deals into exceptional opportunities by strategically layering OZ tax benefits for investors. In 2025 alone, our team identified over $100 million in Opportunity Zone and government incentives, and since the inception of the law have guided over 200 investors.
By partnering with experienced sponsors and rigorously vetting each project, we ensure no potential tax benefit is left on the table, maximizing returns for our investors.
With decades of experience and more than 13 million square feet of community infrastructure developed nationwide, Building Hope ensures each facility is mission-aligned, financially sustainable, and built to support learning for generations.
Building Hope manages every stage of a project, from identifying the right site to aligning financing, guiding design, navigating permitting, overseeing construction, and preparing the building for opening day.
The OZDG Team
Founder & CEO
Graham Allison
OZDG
Michael S. Schiff, Esq.
Principal
Schiff Capital
The Building Hope Team
Jerry Zayets
Sr. VP of Real Estate
Dan Bileca
Assoc. Director of Development
Dru Damico
President of Real Estate
Iliya Krutko
Director of Impact Investment
Interested in Learning More?
Let's Talk
Contact us today to discuss Opportunity Zones and discover how we can help you achieve your goals.
Email
gallison@ozdevgroup.com
Phone
614-313-9538