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Opportunity zones funds are one of the benefits of the recent tax overhaul, but there has yet to be a flurry of investor buzz about it. The concept is meant to fuel economic redevelopment activity in state-established neighborhoods in need of revitalization, known as opportunity zones, and investment in these projects comes through a qualified opportunity zone fund. Phoenix-based Virtua Partners is one of the first companies to launch a fund under the new provision and says there are ample benefits.

“We recognized the incredible tax benefits this program offers investors. Those tax benefits cannot be understated,” Derek Uldricks, president of Virtua Capital Management, tells Globest.com. “They are one of the most attractive potential tax benefits we’ve seen in any single program, allowing investors to delay, reduce and ultimately eliminate capital gains taxes on opportunity zone investments. Because our team has substantial experience in real estate development, we already possess a robust pipeline of projects under development throughout the country. Picking successful projects that will appreciate in value is one of our core competencies. When you add the substantial subsidy offered by the Opportunity Zone program, we feel that Opportunity Zones Funds offer an attractive option for investors to consider.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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