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Here's a question for you: If you could develop a project to a 5.75% yield on cost, would you do it at 5.825% if it were in an opportunity zone?

One investor's opinion is yes, but you'd probably be squinting. "It would be okay depending on who the investor was, what they wanted to do, but you ought not be doing a deal just because it's an opportunity zone deal," according to Paul Hughson, executive managing director at C-III Capital Partners. "It just has to make sense."

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.