The Opportunity Zone program was born from the 2017 Tax Cuts and Jobs Act (TCJA) as a means for jump-starting long-term investments in economically distressed communities. Through the use of significant tax incentives, this unique program presents enticing new opportunities that all real estate investors and fund operators should strongly consider.
HMB has a dedicated team of real estate, tax, securities and corporate attorneys to advise on investing in Opportunity Zones. This includes evaluating and executing strategies related to reinvesting capital in a Qualified Opportunity Funds (QOF); forming QOFs in connection with the redevelopment of a property or formation of a business enterprise within an opportunity zone; and creating a fund and raising capital to invest in multiple assets within an opportunity zone.
As a new and complex program, regulatory developments for Opportunity Zone investments continue to change. Our team helps developers, business owners and investors structure deals that take full advantage of the Opportunity Zone program’s benefits. We will guide you through all stages of a project, including all IRS and Treasury Department regulations and compliance mandates.