Opportunity zones funds are one of the benefits of the recent tax overhaul, but there has yet to be a flurry of investor buzz about it. The concept is meant to fuel economic redevelopment activity in state-established neighborhoods in need of revitalization, known as opportunity zones, and investment in these projects comes through a qualified opportunity zone fund. Phoenix-based Virtua Partners is one of the first companies to launch a fund under the new provision and says there are ample benefits.

“We recognized the incredible tax benefits this program offers investors. Those tax benefits cannot be understated,” Derek Uldricks, president of Virtua Capital Management, tells Globest.com. “They are one of the most attractive potential tax benefits we've seen in any single program, allowing investors to delay, reduce and ultimately eliminate capital gains taxes on opportunity zone investments. Because our team has substantial experience in real estate development, we already possess a robust pipeline of projects under development throughout the country. Picking successful projects that will appreciate in value is one of our core competencies. When you add the substantial subsidy offered by the Opportunity Zone program, we feel that Opportunity Zones Funds offer an attractive option for investors to consider.”