welcome to
PHT Opportunity Fund
A Qualified Opportunity Fund structured to acquire, redevelop, operate and lease a 28-Acre Industrial Pre-Cooling, Cold Storage, and Food Processing campus located in Salinas, California.
Who We Are
PHT Opportunity Fund is an impact-driven investment fund designed to support the California fresh produce industry and spur economic development. We are structured as a limited partnership with the purpose of acquiring, redeveloping, operating, and leasing a 28-Acre Industrial Pre-Cooling, Cold Storage, and Food Processing campus located in Salinas, California.
Our parent company, Post Harvest Technologies, Inc., is a management, investment, and consulting company specializing in the Post-Harvest Agriculture industry. Along with our other portfolio companies, we have developed several decades of expertise in Industrial Real Estate, Infrastructure, AgTech, Manufacturing and Logistics for the fresh produce space.
We are established visionaries, and have remained leaders in fresh produce pre-cooling, cold storage, and shipping since our founders pioneered the industry in 1936.
history
Our History Dates Back Over 85 Years
Since 1936, we have been the pioneer in the pre-cooling and cold storage industry.
From the first wagonload of lettuce in 1916 until today, Salinas Valley – the Salad Bowl of the World – has been the major producer of fresh produce consumed around the country and the world.
Our 28-Acre Pre-Cooling, Cold Storage, and Processing campus has been a major fixture in Salinas Valley since our founding. The name “iceberg lettuce” was coined in the 1930s when train cars full of lettuce were shipped cross-country using block ice produced at our GIC facility.
now
Let Us Introduce You To Salinas Valley, California!
The City of Salinas is a bustling urban community, situated in Northern Salinas Valley in Monterey County. It is the agricultural produce pre-cooling and shipping hub for the “Salad Bowl of the World.”
Some facts
Did You Know?
- With $3.9B in agricultural production value, Monterey County supplies much of the nation’s fresh vegetables.
- If Monterey County were a state, total production would surpass over 20 other states.
- In the United States, Monterey County supplies the following percentages of total national pounds produced each year:
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Leaf Lettuce
%
Celery
%
Head Lettuce
%
Broccoli
%
Spinach
%
Cauliflower
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Leaf Lettuce
%
Celery
%
Head Lettuce
%
Broccoli
%
Spinach
%
Cauliflower
We invest in Real Estate and Infrastructure that Supports the Fresh Produce Industry from Seed to Table
Five Steps from Seed to Table
Pre-cooling, cold storage and shipping with refrigerated trucks is an Essential Step in the process of delivering fresh produce from the field to consumers.
We Invest in Real Estate and Infrastructure that Supports the Fresh Produce
Five Steps from Seed to Table
Pre-cooling, cold storage and shipping with refrigerated trucks is an Essential Step in the process of delivering fresh produce from seed to table.
Invest In Industrial Real Estate
PHT’s real estate projects are located in Salinas Valley, California, the Salad Bowl of the World. Our projects are designed to support the heart of the Agriculture industry through state-of-the-art facilities required to keep food fresh from seed to table.
Partner With Experienced Operators and Developers
Our team has decades of experience acquiring, developing, and operating temperature-controlled warehouses and distribution centers for the fresh produce industry. We are fund managers and real estate developers with the relationships, industry expertise, and community buy-in to execute on the opportunity.
Receive Significant Tax Benefits
Investors with capital gains can reinvest them into a Qualified Opportunity Fund (QOF), allowing them to defer taxes, receive a permanent tax exclusion on any appreciation from the Fund, and leverage a depreciation tax shield that can offset income taxes.
PHT will be the leader in the Acquisition & Development of Pre-Cooling, Cold Storage, and Processing Facilities for the fresh produce industry.
What We do
Acquire, Design, Build, and Lease
Our team has decades of experience acquiring, developing, and operating temperature-controlled warehouses and distribution centers for the fresh produce industry. We are fund managers and real estate developers with the relationships, industry expertise, and community buy-in to execute on the opportunity.
As leaders in the acquisition, development, operation, and management of Pre-Cooling, Cold Storage, Processing and Distribution facilities, PHT intends to transform our historic 28-Acre Campus into the most technologically-advanced facility of its kind in the nation.
Our Team
At PHT Opportunity Fund, we have a highly regarded investment team responsible for our disruptive strategies and acquisitions.
Jim White, PhD
FOUNDER & CEO
Dr. Jim White is Chairman and CEO of Post Harvest Technologies, Inc. and Growers Ice Company, Inc., Founder and CEO of PHT Opportunity Fund LP and PHT Investment Group LLC, and Founder and President of JL White International, LLC. He is the author of several acclaimed books, including the first published book on Qualified Opportunity Funds: Opportunity Investing: How to Revitalize Urban and Rural Communities with Opportunity Funds.
Dr. White achieved international recognition as CEO of Blount World Trade Corporation, Owner and Managing Director of ACEC Centrifugal Pumps NV, Belgium, and as Vice President and Division Manager of Ingersoll Rand Equipment Corporation. Throughout his 40+ year career, he has bought, expanded, and sold 23 companies, operating in 44 countries. Dr. White acquires struggling businesses to revive and develop them into profitable enterprises using his business turnaround strategy. In addition to turning around struggling businesses, Dr. White has worked on dozens of industrial and commercial real estate development and Design-Build projects, infrastructure projects, as well as mining, power, oil & gas, agriculture, and manufacturing projects. To date, Dr. White has generated more than $1.8 billion in revenue. Dr. White holds a B.S. in civil engineering, an MBA, and a doctorate in psychology and organizational behavior.
Read More...
Dr. White is also the founder of the customized yearlong, leadership and management transformation process, The Circle of Success; Jim White’s Classic Movie Series; and The Red Carpet Tour.
These innovative events have attracted more than 100,000 participants worldwide, including Fortune 500 CEOs, management teams, entrepreneurs, governments, and trade associations.
In addition to Opportunity Investing, Dr. White has authored several other best-selling books—most recently, Broken America: Ten Guiding Principles to Restore America. He is also author of the critically-acclaimed: What’s My Purpose? A Journey of Personal and Professional Growth, which has been lauded by such industry leaders as Steven M.R. Covey and Jack Canfield.
Chris Jackson
General Counsel
Chris Jackson holds a bachelors degree in Business from Cornell University and a J.D. from Loyola Law School. Chris brings more than 20 years of legal expertise to the team and leads business operations, finance, and development initiatives. He is responsible for deal flow management and driving the firm's strategic initiatives and enhancing the operational effectiveness of PHT Opportunity Fund's offerings. He has sophisticated knowledge in public and private M&A transactions, complex commercial contracts, and corporate and securities law matters. Chris has an extensive operations and financial services background, specializing in mergers and acquisitions, supply and distribution contracts, real estate leases, and private placements.
Jakob Levison
Business Development & Investor Relations
Jakob Levison is a Senior Associate overseeing PHT Investment Group’s Business Development and Investor Relations efforts, responsible for equity raising, new business generation, leasing and marketing, and relationship management with current and prospective investors in PHT Funds and Joint Ventures. Prior to joining PHT Investment Group, Jakob worked at Morgan Stanley Wealth Management, M&T Bank’s Management Development Program, and most recently Blockworks – a fast-growing startup at the intersection of finance and digital assets. Jakob received his B.A. in Philosophy, Politics, and Economics (PPE) with a concentration in Choice and Behavior from the University of Pennsylvania.
Scott Klein
Director of External Affairs
Scott Klein is a well-regarded community activist and entrepreneur. Scott is a published author who hosts the popular "Get Down to Business" radio show in Chicago and serves as an Officer in the US Army Reserves, as well as the Chairman of the Village of Skokie Economic Development Commission. Scott holds a doctorate in educational leadership and a master's degree in non-profit management. He is an active leader for the Employer Support of the Guard and Reserve (ESGR). As Director of External Affairs, Scott brings his extensive community relations, communications and management experience to PHT’s portfolio to drive awareness and growth.
Nick Stoll
PHT CORPORATE CONTROLLER
Nick Stoll is the Corporate Controller of Post Harvest Technologies (PHT). He oversees the financial and business operations that support our business strategy, and is responsible for finance, controllership and corporate development and strategy. For the last 18 years, Nick was the Controller for various businesses including Growers Ice Company (affiliate of PHT), New Leaf Community Markets (Division of New Seasons), Prescience International (acquired by Johnson and Johnson), and Multigig, Inc (acquired by Analog Devices). In the first 11 years of his career Nick lived and led businesses in Spain. He holds a Masters in Finance and a Masters in Management of Technology from Golden Gate University, and he received his Bachelor’s degree from the University of California, Davis. Nick played football and rugby at UC Davis, currently referees Junior College football, and regularly travels to Europe to visit his grown children.