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Opportunity zones have already been tremendously popular among investors. With thousands of opportunity zones in varying markets, there has been a tremendous range of projects and players investing in opportunity zones. Yet, there could be more to come. The pandemic and related economic dislocation could generate even more demand for opportunity zones because investors are seeing waning returns and could opt to take advantage of the tax benefits that come with opportunity zones.

“Given the strength of the economy through 2019, and the fact that many taxpayers did not recognize such gains until their tax filing in March 2020, there is increased buzz around the ability to leverage the tax incentive,” Soua Vang, interim economic development director for San Bernardino County, tells GlobeSt.com. “In addition, firms that focus on increasing their environmental, social, and governance (ESG) investment metrics can use OZ to focus investment strategies. Southern California is an attractive market for lenders and many banks are interested in Community Reinvestment Act (CRA) credits as part of their commitment to the communities they serve.”

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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.

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