Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

With the rules in place, opportunity zones gain traction with investors

Thursday, May 09, 2019

Bailey McCann, Opalesque New York:

Opportunity Zones represent a multi-billion pipeline of potential real estate and operating business investments. Opportunity zones provide a tax deferral benefit to investors who back projects in zones for ten years. The goal of the program is to encourage capital investment throughout the US especially outside of the crowded tech and business corridors on both coasts. In April, the IRS finalized a set of rules for operating businesses in opportunity zones explaining how they will need to do business in order to reap the tax benefits of the program.

Investors were waiting for these rules before they signed on to projects in opportunity zones. Now, with a framework in place, opportunity zone evangelists expect the program to take off. Real estate and private equity investors in opportunity zones took to the stages at the SALT conference to highlight the potential of the program.

"Opportunity zones are a once in a lifetime or twice in a lifetime opportunity," said Chris Leoffler, CEO of CaliberCo. He noted that the program has the potential to speed up investment in up and coming areas like Jacksonville, Florida or Phoenix, Arizona - middle market cities that are beginning to attract startups and other parts of the new economy.

Cities with proactive Mayors and economic development agencies will be the early winners in the program, according to Launchpad CEO Chris Shultz. He added that cities that are ready to partner with the......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1