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Here's a question for you: If you could develop a project to a5.75% yield on cost, would you do it at 5.825% if it were in anopportunity zone?
One investor's opinion is yes, but you'd probably be squinting."It would be okay depending on who the investor was, what theywanted to do, but you ought not be doing a deal just because it'san opportunity zone deal," according to Paul Hughson, executivemanaging director at C-III Capital Partners. "It just has to makesense."
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
