Opportunity Zones News

IRS Building

IRS submits OZ guidance to OIRA for review

Following last month’s hearing on Qualified Opportunity Funds, the IRS has completed its second tranche of regulatory guidance. Yesterday, the proposed rules were submitted to the Office of Information and Regulatory Affairs for review. OIRA is a branch of the White House’s Office of Management and Budget. OIRA will now review the proposed guidance for

Continue reading »
Loren Schirber

Loren Schirber: Triple Bottom Line Returns in Opportunity Zones

How can real estate investing in opportunity zones create triple bottom line returns? And what are some ways we can measure the social impact of these investments? Loren Schirber is project pipeline manager for Minnesota Opportunity Zone Advisors, which recently started raising capital for their DREAM Fund. DREAM stands for “Developing Real Estate in Emerging

Continue reading »
Jimmy Atkinson

The IRS Hearing on Opportunity Zones: A Complete Recap

Who spoke at last week’s public hearing on the Opportunity Zones program? What did they say? And which topics received the most attention? There were representatives from a wide variety of stakeholders that testified at the hearing — local economic development groups, working groups from different accounting and legal firms, policymakers, nonprofit advocacy groups, economic

Continue reading »
IRS Building

Recap of Feb 14 IRS public hearing on Opportunity Zones

This past Thursday, February 14, the IRS Auditorium in Washington DC was packed to capacity with over 200 attendees as stakeholders spoke during the public hearing on proposed regulations: “Investing in Qualified Opportunity Funds” [REG-115420-18]. Hearing participants requested additional guidance on a wide variety of proposed regulations, with many suggesting improvements to the regulations that

Continue reading »
IRS Building

IRS hearing on opportunity zones scheduled for tomorrow

The IRS will hold a public hearing tomorrow, February 14 at 10:00 a.m. EST, to focus on proposed regulations regarding qualified opportunity zone funds. The hearing will take place in the auditorium of the IRS Building located at 1111 Constitution Ave NW in Washington DC. There are 177 comments from the last round of proposed

Continue reading »
Craig Bernstein

Craig Bernstein: Opportunity Zone Deal Flow

What does Opportunity Zone deal flow actually look like at the deal level, fund level, and investor level? And which Opportunity Zones are seeing the greatest amount of deal flow? Craig Bernstein is principal at OPZ Bernstein, which recently launched the OPZ Bernstein Opportunity Zone Fund. Craig has over 20 years of real estate experience,

Continue reading »
Thomas Morgan

Thomas Morgan: 1031 Exchanges vs. Opportunity Zones

What are some of the key similarities and differences between a 1031 exchange and an Opportunity Zones investment? And how do the investor profiles of the two programs differ? Real estate broker, developer, investor, and 1031 expert Thomas Morgan joins me today to discuss these topics and more. Note: this is Part 1 of my

Continue reading »