CoreNet Opportunity Zone event panelists from left: Michael Lohr, Brian Schwagerl, Steve Polivy, Brandon Lacoff CoreNet New York City ChapterOpportunity Zone event panelists from left: Michael Lohr, BrianSchwagerl, Steve Polivy, Brandon Lacoff

NEW YORK CITY—With the Treasury Department releasing the second tranche of Opportunity Zone guidance in April, what's happening with investments in the tax benefits program?

“We're starting to see momentum. We've got some large checks coming through the door. But it's not going to be easy. Not everybody has capital gain ready to go,” said Brandon Lacoff, founder, CEO and president of private equity investment firm Belpointe. He forecasted increased investment towards the end of the year and even more by 2021 because that's when investors lose 10% of the benefit.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.