Oprine Opportunity Funds
Dec 31, 2019
Dec 31, 2019
E*Hedge Group (Doing Business As: Oprine Opportunity Funds, Inc.) is a recently organized corporation formed to originate, invest in and manage a diversified portfolio of commercial real estate properties, joint venture subsidiaries, and other real-estate assets located in Opportunity Zones, as designated by the Tax Cuts and Jobs Act (TCJA). We may also invest in assets that are deemed to be Qualified Business or Property that is not real property, although we generally do not intend to, unless the Fund is unable to find suitable real property located in Opportunity Zones or otherwise needs to make such alternative investments to maintain its status as an Opportunity Fund and those assets will not exceed 20% of our total assets. The company will continue to operate in a manner that will allow us to qualify as an Opportunity Fund under the TCJA.
Devon Parks is a founding principal and chairman of Oprine Opportunity Funds, a privately-held investment company and is responsible for strategic direction and finance. Through structured finance transactions he has acquired registration for the company as a subsidiary of E*Hedge Financial Group (CRD#: 286636 / SEC #: 801-109971), as an IRS registered Opportunity Zone fund both locally and federally. Oprine has offices in Seattle, and newly formed offices opening in Los Angeles in 2020.Prior to forming Oprine Opportunity Fund, Mr. Parks was an NCAA Division 1 athlete and worked in corporate business development and management for nearly a decade. Mr. Parks then went on to form several Pharmaceutical and Medical Devicefirms before becoming a founding principal and CEO of E*Hedge Financial Group, a financial service firm that directly, (and through joint ventures with Interactive Brokers and Mastercard®) serves investors in several vertical markets through several wholly-owned subsidiaries.In 2018, Mr. Parks founded E*Hedge Foundation in Seattle, Washington, a charitable organization focused on supporting educational and human rights initiatives through out the U.S and globally.