X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Opportunity zones have rapidly become one of the most popular investment models in commercial real estate. While capital has flooded into the opportunity zone funds, development starts have been slower. That is largely because there has been a lack of clarity regarding opportunity zone regulation.

“There has been a slight delay in an increase in development in opportunity zone areas,” Richard Lara, president and CEO of RAAM Construction, tells GlobeSt.com. “That said, this is largely due to a lack of clarity regarding some of the regulations. Many investors and developers were awaiting final clarification on the regulations before making the full leap into the space.”

However, now that the final regulations have been released, there is clarity in the new model, and likely new projects will begin to break ground more frequently. “Now that the final regulations were released by Treasury at the very end of last year, we will likely see an influx of development in many opportunity zone areas across the U.S.,” says Lara. “The final regulations provided answers to a lot of pending questions for many investors and developers, which we believe will aid in providing more confidence when structuring opportunity zone deals this year.”

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?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

 

GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.