The Alternative Investment Exchange (AIX) added real estate equity fund manager and development company Urban Catalyst Funds to its platform.
The AIX technology platform is set to help Urban Catalyst Funds expand their client relationships, attract new advisors to their offerings and raise more capital. Urban Catalyst was founded as an opportunity zone offering in response to the 2017 Tax Cuts and Jobs Act legislation.
“At Urban Catalyst Funds, we’re committed to delivering an elevated experience for our advisors,” Pisoot Senethavilay, director of strategic partnerships at Urban Catalyst Funds, said in a statement. “Our focus is to provide exceptional service to our partners and AIX supports these objectives by making the investment process straightforward and fluid.”
Urban Catalyst Fund’s QOZ offering allocated to diversified real estate investments that enable the firm to defer capital gain taxes following the sale of an asset, such as stock, business, or property. Depending on when an investor joins a fund, complex calculations related to share allocations are conducted manually which causes extended delays. With AIX, calculations are automated and seamlessly captured in advisor-client subscription documents.
AIX was selected for its commitment to data security encryption and the firm’s data security controls protect personal identifiable information that is transmitted between advisors and investors during the transaction lifecycle.
“This technology integration is particularly exciting due to Urban Catalyst Fund’s commitment to the advisor experience and the team’s desire to elevate the way alternative investments are delivered and managed over time,” added Brad West, AIX COO. “We look forward to supporting Urban Catalyst Fund’s goals and helping the group bring the advantages of opportunity zone funds to more advisors and investors.”
Other real estate offerings using AIX include Carter Multifamily Fund Management Company, Inland Investments and Shopoff Realty.