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OZ investing The legislation went through two rounds of regulatory guidance but still left many questions (credit: Urban Catalyst).

SAN FRANCISCO—The Tax Cuts and Jobs Act section 1400Z-2 of the tax code relates to capital gains that may be deferred as a result of an investment in a qualified opportunity fund/QOF that holds property and operates in a qualified opportunity zone/QOZ. At the end of 2019, this legislation had gone through two rounds of regulatory guidance from the government, but still left many unanswered questions. With final regulations released last month, investors finally have clarity on a host of issues, and some of the new rules and expansions will make investment, development and operation of projects in QOZs even more attractive, according to Urban Catalyst.

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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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