Brightshore Qualified Opportunity Zone Fund III LLC
Managed by Brightshore Capital (formerly GTIS Partners)
Overview
Brightshore Qualified Opportunity Zone Fund III LLC is sponsored by Brightshore Capital and is active and raising. Strategy: Qualified Opportunity Zones, ground-up development and substantial redevelopment.
Brightshore Capital was founded in 2005 as GTIS Partners. It reports $5.6B of gross AUM and 24 OZ assets with about $856M of equity as of Q2 2026.
At a glance
Targets are sponsor-stated and not guaranteed.
Key terms
| Term | Detail |
|---|---|
| Status | Active / raising |
| Strategy | Qualified Opportunity Zones, ground-up development and substantial redevelopment |
| Target size | $500 million |
| Structure | Private REIT |
| Minimum investment | $100,000 commitment |
| Investors | U.S. taxable accredited investors |
| Closings | Monthly, full upfront commitment |
Focus areas
Residential in NYC and SF; Southeast Texas industrial; pre-TCO deals and recaps; student housing at major Southern sports colleges; build-to-rent housing.
Contact
Peter Ciganik, Partner, Head of Capital Markets, Brightshore Capital
Email: pciganik@brightshore.com · Website: brightshore.com
Sponsor
Brightshore Capital (formerly GTIS Partners) . Per brightshore.com, GTIS Partners is now Brightshore Capital, headquartered at 787 Seventh Avenue, New York. Brightshore says it has committed over $875 million of equity to projects located in Opportunity Zones since the inception of the program, with a strategy focused on residential, industrial and student housing projects in growing Sunbelt markets and selected coastal gateways.
Key risks
- Illiquid for ~10 years. No public market for shares; plan to leave capital invested for a decade.
- Returns are targets, not guarantees. Real estate can underperform; you could receive less than invested.
- Tax benefit requires the full hold. The appreciation exclusion applies only at 10+ years.
- Single-sponsor execution risk. Outcomes depend on Brightshore Capital (formerly GTIS Partners)'s acquisition and management. Past performance does not guarantee future results.
Every fund here must meet the rules for qualified opportunity funds, including the 90% asset test.
Other funds from this sponsor
- GTIS Qualified Opportunity Zone Fund II · Open to new investors
- GTIS Qualified Opportunity Fund · Not open
About this profile
This profile is maintained in partnership with Brightshore Capital (formerly GTIS Partners), the fund sponsor. Figures and terms are sponsor-stated; verify against the sponsor's official offering documents before investing.
OpportunityZoneInvest.com is an independent publication and is not a broker-dealer, placement agent, or investment adviser. Nothing here is an offer to sell or a solicitation to buy any security, or investment, legal, or tax advice. Consult the sponsor's offering documents and your own qualified advisors. Links to the sponsor's investor portal route off-site; OZI does not process investments.