Analysis for the OZ industry — page 25
IRS hearing on opportunity zones scheduled for tomorrow
The IRS will hold a public hearing tomorrow, February 14 at 10:00 a.m. EST, to focus on proposed regulations regarding qualified opportunity zone funds. The hearing will take place in the auditorium of the IRS Building located at 1111 Const
Opportunity Zone Deal Flow, with Craig Bernstein
What does Opportunity Zone deal flow actually look like at the deal level, fund level, and investor level? And which Opportunity Zones are seeing the greatest amount of deal flow? Craig Bernstein is principal at OPZ Bernstein, which recentl
Income, Impact, and Return in Opportunity Zones, with Thomas Morgan
How is the Opportunity Zones program stimulating more impact investing across the United States? Real estate broker, developer, investor, and impact investing expert Thomas Morgan joins me today to discuss this topic and more. Note : this i
1031 Exchanges vs. Opportunity Zones, with Thomas Morgan
What are some of the key similarities and differences between a 1031 exchange and an Opportunity Zones investment? And how do the investor profiles of the two programs differ? Real estate broker, developer, investor, and 1031 expert Thomas
These 18 NFL stadium neighborhoods are eligible for the Opportunity Zones tax break
Introduced in December 2017 as part of President Trump's Tax Cuts & Jobs Act, the Opportunity Zones program incentivizes real estate and business investments in certain low-income communities throughout the country by providing investor
Amazon will not use Opportunity Zone tax break for HQ2
Amazon had been criticized for locating their HQ2 in an opportunity zone in Queens, New York. As it turns out, they will not be taking advantage of the tax break after all. From Bloomberg: “We will not be using the opportunity zone on this
Twinning Historic Tax Credits with Opportunity Zones, with Rich Rogers
Are two tax incentives better than one? Stacking, or twinning, multiple tax credits can oftentimes help bridge a funding gap on certain real estate projects. The Opportunity Zones program can be paired with a variety of other tax credits. T
Senators and Congressmen send OZ letter to Treasury, soliciting clarification
Last week, Senator Tim Scott (R-SC)—along with 15 other Senators and Congressmen—sent a letter to Treasury Secretary Steven Mnuchin, seeking clarification on several matters related to the Opportunity Zones tax policy, specifically in regar
Creating Positive Social Impact in Opportunity Zones, with Gerry Reihsen
How do we prevent the Opportunity Zones program from becoming merely a subsidy for gentrification? How can we instead ensure that opportunity zone investments actually benefit the people who live in the designated zones so that they can par
Rural Opportunity Zone Community Revitalization, with Colorado Outdoors
David Dragoo (left) and John Renfrow (right) What does an opportunity zone city revitalization project really look like? And how can public-private partnerships help to accelerate a community's renewal? The Colorado Outdoors project in Mont
Solar Energy Development in Opportunity Zones, with Allen Alley
Will the opportunity zone initiative accelerate the nation's transition to renewable energy? Find out why solar energy development and opportunity zone investing may be ideally suited for each other. Today's guest is Allen Alley—technology
Who's investing in OZs? So far, mostly wealthy individuals
Manager interest in launching qualified opportunity zone funds is sky high, but most are still waiting to hear more regulatory clarity from the IRS. Thus far, most of the managers that have launched OZ funds are relatively small private wea
Project-Driven Opportunity Zone Funds, with Greg Genovese
Why are shovel-ready project-driven Opportunity Zone funds usually superior to blind-pool funds? Greg Genovese is president of Sound West Realty Capital, a real estate development group based in the Seattle area. Originally from the Califor
Small Business Investing in Opportunity Zones, with Vijar Kohli
New business development and job creation in economically blighted communities were two of the main goals of the opportunity zone legislation passed by Congress last year. But so far, the vast majority of opportunity zone funds are focused
Puerto Rico gets two more opportunity zones
Two additional census tracts in Puerto Rico have been designated as Opportunity Zones by the Treasury Department. The two tracts—72119130102, located in Rio Grande, and 72137122002 located in Toa Baja—meet the statutory criteria for a Low-I
Trump creates opportunity zones council with executive order
Today, President Trump signed Executive Order 13853, promoting public commitment to the opportunity zones program enacted last December as part of the Tax Cuts and Jobs Act of 2017. The executive order establishes the White House Opportunit
Opportunity Zone Investing for Family Offices, with DJ Van Keuren
Family offices and high net worth individuals: if you have questions about investing in opportunity zones, this is the episode for you. Joining me is DJ Van Keuren—a top 10 U.S. family office real estate professional. DJ literally wrote the
Accountants: Taxpayer uncertainty is hindering investment in opportunity zones
A working group of accountants formed by Novogradac sent a letter to the U.S. Treasury last month, requesting further clarification in the wake of the proposed regulations ( IRS REG-115420-18 ) published in October. In part, the letter stat
Tips for Creating an Opportunity Zone Fund, with David Sillaman
Today's guest is opportunity fund consultant David Sillaman, president and fund developer at Eazy Do It Opportunity Funds. Approximately $6.2 trillion in capital gains is eligible for investment in opportunity zone funds, with the potential
Opportunity Zones Tax Benefits and Unintended Consequences, with Tony Nitti
Today's guest is self-described "codehead" Tony Nitti, real estate tax law expert, CPA, and partner at WithumSmith+Brown . He also serves on the editorial advisory board for The Tax Adviser . And he's a contributor at Forbes.com , where he
Welcome to the Opportunity Zones Podcast
How much do you know about opportunity zones? Maybe you know the basics—that the opportunity zones program is an economic policy intended to revitalize some of the most economically distressed areas of the country, and that to encourage inv
Business venture investing in opportunity zones
Most qualified opportunity zone funds are geared toward real estate. Because 90% of a fund's assets must be held within OZ geographies, real estate investing is simpler than business venture investing. That said, the actual purpose of the l
Puerto Rico governor sends OZ bill to Legislative Assembly
Due to the preferential treatment created for Puerto Rico in US Code Section 1400Z-1(b)(3), nearly the entire island is an opportunity zone. Governor Ricardo Roselló has estimated that the opportunity zones initiative "has the potential to
Opportunity zones legislation Q&A
Professional tax advisor Tony Nitti of WithumSmith+Brown’s National Tax Service Group has an excellent and thorough (and at times humorous!) Q&A-format article on Forbes this week. The article dives headfirst into many of the subtle nua