From left: James Mann and Mark Fawer From left: James Mann and Mark Fawer

NEW YORK CITY—Investments for many large real estate projects that are eligible for opportunity zone (OZ) federal tax incentives are now proceeding because of the release of a second set of clarifying Treasury regulations.  The first set of regulations, released at the end of October 2018, did not fully address some significant tax issues that are of particular concern to multi-investor, multi-project opportunity zone development funds. The second set of regulations has now been issued and there should be more significant projects announced as a result.

An OZ investment must be made through a Qualified Opportunity Fund (QOF).

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.