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Everything You Need To Know About Opportunity Zones

GlobeSt.com spoke with Real Estate Roundtable CEO Jeffrey DeBoer and Roundtable SVP and Counsel Ryan McCormick to get a better understanding of how this program will work.

Real Estate Roundtable SVP and Counsel Ryan McCormick and President and CEO Jeffrey DeBoer

WASHINGTON, DC–One of the many provisions of last year’s tax overhaul was the creation of a little-noticed program called Opportunity Zones, which was designed to give investors tax breaks for investments in designated areas.

Little was heard about the program as governors went through the process of selecting where the Opportunity Zones would be located within their jurisdictions. Then last month the Treasury Department formally designated over 8,700 low-income communities around the country as Opportunity Zones. Now attention is starting to pick up as the program takes shape. The real estate community is expressing a lot of interest in the program and so far at least one investment firm has launched an Opportunity Zone fund.

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Erika Morphy

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.

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