Opportunity Zones

Sen. Tim Scott Calls for Increased Reporting in OZ. NES Financial Delivers.

Senator Tim Scott (R-SC), one of the drafters of the Opportunity Zones tax incentives, recently published an open letter (co-signed by 15 other senators and representatives) to Treasury Secretary Steven Mnuchin addressing the Treasury's first set of proposed regulations on Opportunity Zones, which were released in October. In the letter, the authors praise certain aspects [...]

Last Chance to Register: Opportunity Zones “State of the Industry” Webinar

“State of the Opportunity Zones Industry: Q1 2019” An NES Financial Webinar Wednesday, February 13 | 11 AM Pacific | Free Register Now   It’s almost time! Our next Opportunity Zones webinar will be held this Wednesday, February 13th. Register now, and listen in as thought leaders from across the industry — including Steven Polivy [...]

Introducing the Speakers for Next Week’s Opportunity Zones Webinar

“State of the Opportunity Zones Industry: Q1 2019” An NES Financial Webinar Wednesday, February 13 | 11 AM Pacific | Free Register Now   Our upcoming Opportunity Zones webinar promises to be a good one. Tune in this Wednesday, February 13th, and hear what the following panel of industry experts has to say: Ira [...]

NES Financial to Host Opportunity Zones “State of the Industry” Webinar

NES Financial will host a “State of the OZ Industry” webinar on February 13th. Intended for current and aspiring fund managers, developers, entrepreneurs, community leaders, and tax and securities attorneys, as well as OZ Fund investors, the webinar will bring expert panelists from each facet of the industry together to report on the evolving market and regulatory conditions [...]

Propel Selects NES Financial to Administer $450 Million Opportunity Zone Fund

Today, the innovative fund administrator NES Financial announced that it has contracted with Opportunity Fund management firm Propel, Inc., to provide its purpose-built fund administration suite to their new Opportunity Fund. The tax incentives associated with the Opportunity Zones program were created to encourage long-term investment into targeted economically distressed areas across the country. Opportunity Zone investments offer [...]

“Veterans Investing”: A New Opportunity Zone Fund with a Big Mission of Social Impact

A year after the Investing in Opportunity Act was passed, the industry it created is now hitting full stride: Opportunity Zone Funds all over the country have opened for business and begun accepting investment. However, 2019 will be a true test of the nascent program. Will Opportunity Zones succeed in their objective of directing much-needed [...]

IRS Reschedules Public Hearing on Opportunity Zones Regulations

The IRS has confirmed that the public hearing previously scheduled for Thursday, January 10, which was cancelled due to the federal government shutdown, has now been rescheduled for February 14 at 10 a.m. Eastern Time. The hearing will allow stakeholders to provide their views on the first set of proposed regulations on Opportunity Zones, released [...]

Opportunity Zones Q&A: Previously Held Property

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 IRS Office of Chief Counsel at the National [...]

Gateway Opportunity Funds Selects NES Financial to Administer New St. Louis-Based Fund

NES Financial has contracted to provide its purpose-built fund administration suite for Gateway Opportunity Funds’ first fund — a St. Louis-based Qualified Opportunity Fund that is making its first investment in the shovel-ready Lighthouse Landing on the banks of the Mississippi River in St. Louis, MO. The tax incentives associated with the Opportunity Zones program were [...]

Upcoming Webinar: The State of the Opportunity Zones Industry

“State of the Opportunity Zones Industry: Q1 2019” An NES Financial Webinar Wednesday, February 13 | 11 AM Pacific | Free Register Now   The past year has seen tremendous growth in the Opportunity Zones industry. However, the program’s potential has only just begun to be realized. As newly formed OZ Funds seek capital [...]