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Opportunity Zones may be a great CRE investment program, however, most practitioners are not aware of them or how they work. OZs were created by the Tax Cuts and Jobs Act of December 22, 2017 and provide for deferral and elimination of capital gains for real estate investments in distressed areas. Per the tax act, an OZ is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as OZs if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury through the Internal Revenue Service. OZs are listed for almost every state and are designated by state, county and census tract number. Anyone can do a search for OZs and see the zones in their state and county.

Natalie Dolce

Natalie Dolce, national executive editor of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, Natalie was Northeast bureau chief, covering New York City for GlobeSt. Dolce's background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, Co-Ed magazine and the Daily Orange newspaper. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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