Can Opportunity Zones help address the nation’s housing crisis? Taylor Lembi is founder and CEO at San Francisco-based real estate developer M31 Capital. Their Morpheus 1 Qualified Opportunity Zone Fund, launched earlier this year, invests in multi-family housing redevelopments in the Bay Area. Click the play button below to listen to my conversation with Taylor.
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Are colleges and universities an untapped resource for Opportunity Zone development? Anu Varadharajan is a tax professor at Tulane University. Dr. Michelle Thompson is a planning and urban studies professor at the University of New Orleans and data fellow at the Mastercard Center for Inclusive Growth. Click the play button below to listen to my
Who spoke at the July 9 IRS public hearing on Investing in Qualified Opportunity Funds? And what are some of the biggest issues that the IRS needs to clarify in final regulations? The Opportunity Zone hearing took place at the IRS New Carrollton Federal Building just northeast of Washington DC. There were 19 groups of
On Tuesday, July 9, approximately 100 people attended the auditorium at the IRS New Carrollton Federal Building just outside of Washington DC as 19 groups of Opportunity Zone stakeholders testified during the public hearing on proposed regulations: “Investing in Qualified Opportunity Funds” [REG-120186-18]. This was the second hearing on proposed IRS regulations, following the second
On Tuesday, July 9, the IRS hosted a public hearing on the second tranche of proposed regulations on Investing in Qualified Opportunity Funds [REG-120186-18]. The hearing took place at the IRS New Carrollton Federal Building just outside of Washington DC. Recap of the hearing Below is the full audio recording of the hearing. If you
What are some strategies for maximizing Opportunity Zone investment returns? What should investors be aware of and what pitfalls should they avoid? Kevin Shields is founder, chairman, and CEO of Griffin Capital, an alternative investment firm with over $17 billion in assets under management. Click the play button below to listen to my conversation with
It’s been one year since Virtua Partners launched the very first Qualified Opportunity Fund. Since then, they have raised $100 million, roughly half of which has already been deployed; they’ve broken ground on numerous projects, and have a pipeline of about 100 more. Quinn Palomino is principal at Virtua Partners, a global private equity firm
Today, July 1, is the final day to submit a public written comment to the IRS ahead of next week’s hearing on Qualified Opportunity Funds. Click here to listen to the live stream of the IRS hearing on July 9. The IRS received 178 written comments following its issuance of the first set of proposed
Should Qualified Opportunity Funds best practices include third-party administration? And what are some Opportunity Zone trends being noticed by the industry’s largest service provider? Reid Thomas is executive vice president and general manager of NES Financial — a Silicon Valley-based fintech company that provides a purpose-built administration solution for Qualified Opportunity Funds. Click the play
What is the biggest problem in the Opportunity Zone space today? And why is there pushback from potential investors with capital gains? Justin Wolk is a capital advisor for StackSource, a New York City-based real estate technology company that connects commercial real estate developers with lenders. Click the play button below to listen to my
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