Opportunity Zones

The IRS has released new deadlines for opportunity zone investments to fuel investment in distressed properties.

A volatile stock market that left investors who reduced their holdings with capital gains and a decision by the Secretary of the Treasury to extend deadlines for capital gains investments boosted investment activity in qualified opportunity zones and their associated funds.

Confusion and mismatched expectations slowed the program.

Certain investors have until the end of the year to roll over capital gains into Opportunity Zone funds.

Sean Raft will utilize his work with Urban Catalyst to assist the group in addressing the legislative and economic issues, relevant to Opportunity Zones.

A carve-out for vacant properties lets investors avoid the "substantially improve" requirement, to save millions in development fees.