Opportunity Zones

In its second opportunity zone project, the firm is building a 90-unit entry-level apartment complex in Tempe.

The Opportunity Zone program is inspiring property owners that have held lower-quality assets with deferred maintenance to finally sell the assets, says Real Capital Analytics' Jim Costello.

The investor makes its first opportunity zone investment with the placement of $29.4 million of qualified equity in a ground-up development in Las Vegas.

New regulations help to define what qualifies as original use in a qualified opportunity zone investment.

Reonomy also reports that as of July 2018, there has been an acceleration of price appreciation in non-Opportunity Zone assets and a deceleration of price appreciation in Opportunity Zone assets.

Both renovated buildings have remained vacant in excess of five years, and will be delivered completed but unleased, qualifying for opportunity zone “first use” designation.

Real Estate Forum is searching for young professionals who have made a noticeable impact on the industry. The application deadline for nominations is fast approaching at July 17, 2019.

The newly formed Arcis Real Estate Capital will focus on Opportunity Zone investments.