SAN JOSE, CA – Urban Catalyst's chief administrative officer and partner, Sean Raft has been admitted as a member of the Opportunity Zones Working Group, of Novogradac.
Founded by Novogradac & Company in 2017, the Opportunity Zones Working Group aims to develop and provide stewardship and solutions to Opportunity Zone incentive issues. The group offers recommendations for the program to more efficiently deliver benefits to low-income communities.
Within the Opportunity Zones Working Group, Raft will assist in addressing the legislative and economic issues, relevant to Opportunity Zones. The group anticipates Raft will contribute first-hand insight from his position with Urban Catalyst. The Urban Catalyst professional intends to further the group's mission through his direct experience within real estate, law and securities.
Within his role at Urban Catalyst, Raft manages, oversees and advises on the organizational, financial and legal strategies of outside vendor relationships. He previously served as a portfolio manager at a real estate trust; managing business accounts and employees, providing financial analysis, pursuing investment opportunities and negotiating and drafting contracts and other transactional documents.
Structured as a qualified Opportunity Zone fund, Urban Catalyst focuses on ground-up development projects in Silicon Valley. The fund provides a portfolio of assets through investments across various sectors, and additionally offers potential Opportunity Zone legislation tax benefits to investors.
The Opportunity Zones Working Group was established to provide members with a platform to discuss practical applications and guidance for using the Opportunity Zone incentive program within various business models. The group additionally aims to provide written suggestions to the US Department of the Treasury, Internal Revenue Service, the Community Development Financial Institutions Fund, members of Congress and other federal and state agencies.
Sean Raft. Photo by Urban Catalyst
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
