While developers stand to reap the benefits of tax breaks, it is not clear how residents of low-income neighborhoods in Opportunity Zones will benefit from the redevelopment of their communities.

Liberty is adding "well-located properties" to its portfolio, says Michael Cohen, senior vice president of investments for Liberty, and expects more acquisitions in 2019 .

“Loveluck will transform the Welcome Center into a destination for quality dining and socializing,” says Philadelphia Mayor Jim Kenney.

Magma Equities recently completed a condominium conversion of the Slater, including five homes permanently designated as affordable housing for residents earning less than 80% of the area's median income.