Savvy owner-managers are leveraging the great advances that came out of the pandemic.

On Aug. 4, the Treasury Department, and Internal Revenue Service (IRS) surgically nipped and tucked the regulations governing qualified opportunity zone funds (QOFs) which, while precise and limited to two specific sections, arguably results in a complete face lift to the way QOFs must operate.

The firm purchased a luxury, five-building apartment community in Princeton, NJ, which spans 217,259 square feet.

However, the rapid rent growth the sector has experienced this summer may be waning