Bay Area development firm PNJ5 has selected NES Financial’s suite of EB-5 solutions for the new Hyatt Centric hotel project in Sacramento, California. PNJ5 will utilize NES Financial’s EB-5 Process, and Accounting Administration Suites, which are designed to help issuers raise and deploy EB-5 capital more quickly, while minimizing risk and streamlining project efficiency. The [...]
NES Financial will sponsor the upcoming Novogradac 2019 Opportunity Zones Spring Conference, to be held in Denver, CO, on April 25–26th. Novogradac’s conferences are among the OZ industry’s most anticipated events — more than 900 people attended their Fall Opportunity Zones Conference last year, and even more are expected later this month. Featured speakers will include [...]
“Opportunity Zones Industry Insights, Q2 2019” An NES Financial Webinar Wednesday, April 17 | 11 AM Pacific | Free Register Now We have an impressive lineup of industry experts presenting at next week’s Opportunity Zones webinar. Tune in next Wednesday, April 17th, and hear what the following speakers have to say: Reid Thomas [...]
During our Q3 and Q4 Opportunity Zones webinars last year, we received many great questions covering a wide range of important topics. To help further your understanding of this exciting new program, our General Counsel, Kelly Alton, a nationally recognized tax attorney who previously worked at the Office of Chief Counsel of the Internal Revenue [...]
Read the article Now that China’s EB-5 visa backlog has stretched well into the 2030s, the powerful Chinese visa agents — who once controlled the flow of information to the majority of the industry’s investors — have largely gone away. Who, or what, will replace them? In this week’s featured article, Kurt Reuss, [...]
NES Financial has been selected by Clairmont Capital Group (CCG) as the third-party administrator for the firm’s latest private equity real estate fund. Clairmont Capital Group is a Los Angeles-based real estate private equity firm that specializes in General Partner (“GP”) equity co-investments in institutional-grade ventures. Clairmont’s unique model offers access to a tranche of [...]
Originally published in the New England Real Estate Journal. Read the Original Article As part of the Tax Cuts and Jobs Act enacted in late December 2017, the definition of eligible property for Section 1031 exchanges was changed dramatically. After many decades of allowing exchanges of personal (i.e., non-real) property, Section 1031 treatment is now [...]
Is Your City Prepared for the Opportunity Zone Impact? Accelerator for America wants to help governments and municipalities prepare for increased OZ investments. Under AoA’s guidance, 30 cities to date have drafted Investment Prospectuses, clearly outlining their preparations for OZ impact. Their reasoning: “We’re saying, ‘If you’re going to put capital into these communities, [...]
NES Financial has recently contracted to provide its 20th Opportunity Zone Fund client with its purpose-built Opportunity Zone Fund Administration Suite, which is designed to provide the utmost in security, transparency and compliance to fund managers and investors alike. NES Financial’s innovative, technology-enabled administration expertise, which has already revolutionized best practices in industries as diverse [...]
“Opportunity Zones Industry Insights, Q2 2019” An NES Financial Webinar Wednesday, April 17 | 11 AM Pacific | Free Register Now It’s an exciting time for the young Opportunity Zones industry. As Treasury rules are finalized and the first OZ Funds break ground, the coming months will see longer-term market and regulatory conditions [...]
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