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There is a lot of buzz about the potential for Opportunity Zone Funds—a new program that allows investors to defer capital gains taxes by investing in Opportunity Zone funds, which invest in designated under-developed areas. Although guidance about the rules around the program have only just rolled out from the IRS, investors are already showing tremendous interest. David Alvarado, a partner at CGS3, says that clients are calling daily to learn more about Opportunity Zone Funds and how to invest. Alvarado recently moderated panel Investing in Opportunity Zones at the UCLA School of Law.

“Key reasons this new legislation is triggering such an emphatic response [include] fund managers’ cost of capital is essentially being lowered through the tax incentives afforded to investors; many of the Opportunity Zones are in areas very attractive to investors; non-real estate investors who previously had no outlet to unlock built capital gains now have one; and Opportunity Zones come with very few conditions,” Alvarado tells GlobeSt.com.

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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. He work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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