Read the news, strategies, insights and feature articles we are compiling about one of the biggest developments in CRE in recent years: Opportunity Zones.
Investors will read this guidance and understand that it is applicable to the QOF level, further supporting why start-up companies and investors should not invest or seek investment at the QOF level.
Before June 28th, investors were able to reduce tax liability on realized capital gains from 2018 by investing those profits into a qualified Opportunity Zone.
The property is located in the Saint Paul Opportunity Zone segment and when completed Waterford Bay will be one of the first Opportunity Zone projects in St. Paul.
The management company's first OZ fund— Opportunity Zone Fund I—has a target to raise $10 million from inventors and is set to launch in late 2019. The firm hopes to secure its first acquisition in January 2020.