CoreNet New York City ChapterOpportunity Zone event panelists from left: Michael Lohr, BrianSchwagerl, Steve Polivy, Brandon Lacoff
NEW YORK CITY—With the Treasury Department releasing the second tranche of Opportunity Zone guidance in April, what's happening with investments in the tax benefits program?
“We're starting to see momentum. We've got some large checks coming through the door. But it's not going to be easy. Not everybody has capital gain ready to go,” said Brandon Lacoff, founder, CEO and president of private equity investment firm Belpointe. He forecasted increased investment towards the end of the year and even more by 2021 because that's when investors lose 10% of the benefit.
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