Airo A Qualified Opportunity Zone Sponsor

Airo A Qualified Opportunity Zone Sponsor

an innovative and entrepreneurial firm

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Security Type
Common Stock
Categories
Agriculture
Min Investment
$250
Location
Brookeville, MD
Offering Date
September 29, 2020
Expected Close Date
December 31, 2020
Target Raise
$245.00K-$250.00K
Deal Notes

Price per Share: $1.00

The Securities will be subject to dilution if/when the Company participates in an equity financing round where investors are offered Common Stock for cash or cash equivalents or if compensatory shares are offered to new or existing shareholders.

Voting Rights: Yes

Anti-Dilution Rights: None

Valuation
$1,000,000

Company Description

AIRO provides professional commercial real estate investment and operating services by achieving superior returns on invested equity and debt that enhances shareholder value and mitigates risk. Our acquisition focus on Opportunity Zones enable investors to benefit from temporary deferral of eligible capital gains, up to a 15% basis step-up on capital gains invested, and a capital gains bill of zero on new gains for investments held 10 years.

We operate throughout the U.S. by drawing on a combination of industry and functional expertise, technology, and alliances. AIRO organizes business, technological, and operational strategies with advanced cooperation from senior legal, tax/accounting, and design professionals, as well as from planning/zoning officials. As a sponsor of investment-grade property acquisitions, we own and quarterback from conception to completion. We are responsible for all transactional aspects, including the negotiation of agreements, authorization of legal documentation, preparation of marketing materials, and the underwriting of equity and debt financing. AIRO also oversees pre-acquisition activities, including due diligence, such as engaging specialists to conduct site and compliance analyses, in addition to facilitating escrow/settlement procedures.

Use of Proceeds

  • FundMe Expenses
  • Attorney Fees
  • Accountant Fees
  • Marketing
  • R&D
  • General Working Capital

Use of Proceeds

  • FundMe Expenses
  • Attorney Fees
  • Accountant Fees
  • Marketing
  • R&D
  • General Working Capital

Management Team / Advisory Board Bios

Frederic S. Richardson, President

John Settles, CEO

Terry Burka, Chief Operating Officer

Leizear Burka, Inc. — Washington, DC
Amount Raised : $0
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Security Description

Common stock is a security that represents ownership in a corporation.

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