➤➤Join the GlobeSt.com ADAPT: Opportunity Zonesconference September 16-17 in Baltimore, MD The new nationalconference series is aimed at identifying Opportunity Zones acrossall property types and geographic regions. This first-of-its-kindevent will educate, connect and celebrate the investors, developersand owners with the people behind the planning and decision-making,such as architects, consultants, academics and, most importantly,municipal officials. Also, be sure to take a look at our currentadaptive reuse and opportunity zone nomination form and submit yourproject! Deadline is fast approaching June 7th.Clickhere to register and view theagenda.

NEW YORK—The general consensus about Opportunity Zones has beenthat while interest in these areas is intense, there has beenlittle activity. Most of the capital poised to invest inOpportunity Zones, so the theory goes, is waiting on the sidelinesuntil the Treasury Department clarifies more regulations. Indeed,a recent report by Reonomy found thatinvestment levels and prices in Opportunity Zones are actuallydeclining, as investors wait for more clarity.

A study by Real Capital Analytics disputes this notion, findingthat both investment and prices are rising in Opportunity Zones.Report author Jim Costello found that there are signs that theprogram is making a difference when looking at the variation insales activity between Opportunity Zones and areas that were notselected.

The study looked at both Opportunity Zones and areas that werenot selected to be part of the program—tracts that Real CapitalAnalytics termed “Also Rans.” Theoretically, both of these areaswere ripe for redevelopment and both should see more activity ascities grow and populations expand.