Lillian A. Plata, founding member of Nee Plata Law, discusses opportunity zone regulations at the New Jersey Future Redevelopment Forum in New Brunswick, NJ (Steve Lubetkin Photo/State Broadcast News)
NEW BRUNSWICK, NJ—Developers seeking to take advantage of the newly launched federal rules regarding Opportunity Zones in economically disadvantaged census tracts need to be aware of special rules governing these investments that might not be immediately obvious in the high-level descriptions of the Opportunity Zone program being widely circulated, say panelists at last week's New Jersey Future Redevelopment Forum breakout session on the topic.
Opportunity Zones provide a way for investors to defer taxes on capital gains from other kinds of investments if those gains are invested in real estate projects in those zones on a strict schedule, but some provisions of the law could cause complications for different types of investors, the panelists say.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
