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Opportunity Zone Funds may not be the mine of, well, opportunities that the industry expects. Experts at RealShare Apartments said that opportunity zones would be challenging investments to make, and the risk may not offset the tax incentive to invest in these in-need markets. While there was not an official panel on Opportunity Zone Funds, the topic came up frequently during the panel sessions, and the speakers were generally hesitant about the prospect.

Ethan Penner, managing partner at Mosaic Real Estate Investors who opened the conference with a keynote speech on The Transformation of the Multifamily Sector, was the most doubtful about the success of opportunity zone funds or the economic stimulation that they would bring. “Opportunity zones will largely be messy and unfulfilling,” he said. “There is generally a reason those markets didn’t attract capital. So, they are speculative. It is an artificial inducement to make investments that people would otherwise not make.”

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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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