Analysis for the OZ industry — page 25
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
Treasury Department releases proposed opportunity zones regulations
Earlier today, the U.S. Treasury Department released REG-115420-18, Investing in Qualified Opportunity Funds —a 74-page regulatory document that clarifies many ambiguities surrounding the new opportunity zones program created by Trump's Tax
The 8 biggest unanswered questions about opportunity zone funds
East Coast law firm Day Pitney recently wrote an article highlighting many of the biggest unanswered questions about Section 1400Z on qualified opportunity zone funds ahead of the release of official regulations from the IRS. For commentary
Opportunity zones a "once-in-a-lifetime" opportunity for UHNW families
John Pantekidis, CIO and general counsel for multi-family office TwinFocus, recently contributed an article to Forbes explaining why Qualified Opportunity Zone investments could be considered a "once-in-a-lifetime" program for high net wort
Opportunity fund manager data from 141 Kresge and Rockefeller grant applications
Back in June, the Kresge Foundation and the Rockefeller Foundation jointly announced a request for letters of inquiry from fund managers who had plans to establish opportunity funds. Of the 141 responses received, last month the foundations
Mnuchin expects over $100 billion in opportunity zone investments
Secretary of Treasury Steven Mnuchin was interviewed by The Hill's editor-in-chief Bob Cusack during a live event last week. The interview was wide-ranging, but briefly covered the new opportunity zones tax incentive, where Mnuchin expresse
How Treasury can learn from the NMTC program
While the IRS works on opportunity zone guidance, Bob Ibanez, senior public policy manager at Novogradac & Company, has suggested in a recent article that the Treasury department use the lessons they have learned from the New Markets Ta
Treasury sends proposed opportunity zones regulations to OMB for review
The Treasury department has sent its proposed regulations regarding opportunity zones to the Office of Management and Budget for review . As part of the Tax Cuts & Jobs Act, the proposed opportunity zones rules are subject to an expedit
EIG co-founder Steve Glickman starts opportunity zones investment consulting firm
Steve Glickman, one of the lead architects of the opportunity zones legislation, has left EIG to start an opportunity zones investment consulting firm. According to their press release, Washington DC-based Develop Advisors "will advise fund
Developers and investors still waiting on IRS for opportunity zone regulations
Opportunity zones and opportunity funds were established by Congress as part of Tax Cuts & Jobs Act that was passed in December 2017. Governors of every state and U.S. territory (and the mayor of Washington DC) nominated their opportuni
OZ funds present opportunity for family offices
With the enormous tax breaks that opportunity funds offer for investors, it seems like they area a slam dunk investment opportunity. Not so fast, cautions DJ Van Keuren at Forbes . Just because it's an opportunity fund doesn't necessarily m