NES Financial to Administer Opportunity Zone Fund for Student Micro Housing

Specialty financial administrator NES Financial announced today that it has contracted to provide its purpose-built Opportunity Zone Fund Administration Suite to Arcis Real Estate Capital LLC (“ArcisRE”), an investment management and advisory firm that sponsors and invests in operationally driven real estate asset types such as student micro housing, multifamily, senior living, and hospitality. The [...]

Why Technology is Reshaping the Private Equity Industry and How NES Financial Can Help

NES Financial’s Senior Vice President of Fund Administration Michael Richards led a roundtable discussion at the ALTSSEA conference called “Fund Administration: How Technology is Reshaping the Industry” on Sept. 17. ALTSEEA is a one-day conference in Seattle featured leading practitioners from the fields of private equity, venture capital, real estate, hedge funds, cryptocurrency, artificial intelligence [...]

A DST Can Add Flexibility to a 1031 Exchange

Earlier this year we wrote about the growing market for 1031 exchanges using DST (Delaware Statutory Trust) investments as replacement property. Since then, interest in DST solutions for 1031 exchanges has continued to grow. A number of prospective 1031 exchange clients have shown interest in getting out of the property management business because they are [...]

EB-5 Program Version 3.0 Offers New Opportunities, Challenges

Despite negative rhetoric on immigration, global demand for U.S. citizenship seems to be at record highs, notes NES Financial's Reid Thomas on the EB-5 Program. A Commercial Property Executive Article September 4, 2019 By Reid Thomas Original Article: The U.S. Citizenship and Immigration Services recently published new EB-5 regulations that go into effect on [...]

2019-09-30T20:52:52+00:00September 5th, 2019|Categories: BLOG, EB-5|Tags: , , , , |

Opportunity Zone Tax Benefits: 3 Major Reasons to Invest

"Erin Gillespie, the Founder of Madison Street Strategies, defines the three major Opportunity Zone tax benefits and how investors can capitalize" For the majority of investors, the single most difficult part of putting together an Opportunity Zone Fund is rooted in the complexity of the regulations. However, whereas those complex regulations would benefit from clearer [...]

3 Takeaways from the Forthcoming Updates to the EB-5 Program

It’s okay if you didn’t have time to sit down to read through the long-anticipated (and years-delayed) updates to the EB-5 Program rules — the changes and clarifications recently published by the Federal Register are 239 pages long. However, before the changes take effect on or after November 21, 2019, it would be wise to [...]

2019-10-01T17:12:29+00:00August 31st, 2019|Categories: BLOG, EB-5|Tags: , , , , |

Silicon Valley’s NES Financial Signs 40th Opportunity Zone Fund

NES Financial, a fintech company providing technology-enabled solutions for the efficient back- and middle-office administration of complex financial transactions, announced today that it has contracted to provide its 40th Opportunity Zone client with a purpose-built Opportunity Zone Fund Administration. “NES Financial’s purpose-built solution for opportunity zone funds allows them to demonstrate the measurable good they were [...]

The Changing Landscape of Private Equity Through Opportunity Zones: Why You Need NES Financial on Your Team

There is an Opportunity Zones gold rush happening throughout the country, whether it be at the Opportunity Zone Expo in New York City, where our EVP Reid Thomas recently moderated a panel on capital stack or the many insightful OZ questions our team received at our booth during the same OZ event. Investors want in [...]

Meet the OZ Webinar Speakers: Opportunity Zones Q&A with Madison Street Strategies’ Founder Erin Gillespie

"Meet the OZ Webinar Speakers - Erin Gillespie" This week we’ll be speaking with Erin Gillespie, Founder of Madison Street Strategies, an economic development consulting firm, during our next Opportunity Zones webinar on August 14. Erin is also a former Deputy Chief of Staff for the Florida Department of Economic Opportunity and worked closely [...]

Opportunity Zones Newsletter Week of August 5, 2019

Opportunity Zones: Establishing and Maintaining Compliance Rules governing the OZ incentive are new, and can be complicated. “Taxpayers must be vigilant in structuring investments and in monitoring ongoing compliance. Taxpayers are wise to adopt procedures for continual monitoring and should not hesitate to lean on professionals who have the necessary expertise to assist them.” [...]