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Where CA Investments Are Going and Staying

More investment activity is starting from New York and Florida, however, that gap will close as California investors get added clarity about opportunity zone funds, leading to increased involvement.

Michael Halloran Michael Halloran, founder and CEO of NES Financial, recently shared insights on opportunity zones.

SAN FRANCISCO—NES Financial has combined its expertise in administering tax-deferred investments and government-regulated investment programs (such as the EB-5 immigrant investor program and 1031 tax-deferred exchanges) with its institutional-quality private equity fund administration services to create a purpose-built opportunity zone fund administration solution. In this exclusive, Michael Halloran, founder and CEO of NES Financial, recently shared his insights on opportunity zones within California, where investments are going and where investments are staying.

GlobeSt.com: Where does California stand with opportunity zone funds? Are California investors and fund managers more active compared to other states or less?

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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