The opportunity zone fund provision that was included in the 2017 Tax Cuts and Jobs Act has created significant hype in the business community, especially within the real estate industry. Whether you are looking for a new way to go to market with investors, or you are looking to take advantage of the tax benefits yourself, there may be an opportunity for you.
Created with the purpose of incentivizing investment in specific areas, opportunity zones are areas designated by the recent legislation as economically distressed communities. Those who invest in the opportunity zones and follow the specific guidelines laid out have the potential to receive substantial tax benefits.
