Blog

Opportunity Zones Newsletter Week of May 6, 2019

Will New Opportunity Zones Rules Propel an Office Boom?

The new regs could make it easier for businesses to qualify for tax breaks.

The April rules clarified a number of developers’ most pressing concerns about how a property could be refinanced, and how much time real estate funds had to buy and reinvest in Opportunity Zone properties.

READ THE FULL REAL DEAL ARTICLE

Opportunity Zones: What Your Chamber Needs to Know to Leverage Them

Local government chambers are well positioned to be OZ champions.

Opportunity Zones, if handled correctly, could help the chamber become an even larger part of local economic development.

READ THE FULL FRANK J. KENNY ARTICLE

New Opportunity Zones Regulations Present Estate and Gift Tax Implications

Under the new proposed regulations, a gift to a taxpayer’s grantor trust is treated differently.

The new proposed regulations clarify the treatment of gifts of interests in a qualified opportunity fund to grantor trusts — giving away your QOF interest outright would generally subject the interest to immediate taxation under the new regs.

READ THE FULL FORBES ARTICLE

How Philanthropies Leverage Opportunity Zones

Philanthropies have a critical role in helping cities realize the full economic and social impact of Opportunity Zones.

With their community legitimacy, patient capital and respect for evidence-driven decision making, philanthropies are prime OZ investors and advocates. This paper identifies seven distinct and complimentary roles for foundations to play.

READ THE FULL KNIGHT FOUNDATION ARTICLE

Comparing and Contrasting the Benefits of Qualified Opportunity Zones and 1031 Exchanges

OZs have garnered a significant amount of interest in the real estate market, but it remains to be seen how beneficial the program will be.

Here, the author compares the benefits and drawbacks of the OZ program and the longstanding Section 1031 exchange in deferring or avoiding capital gains tax.

READ THE FULL BLOOMBERG TAX ARTICLE

NES FINANCIAL OZ NEWS

Opportunity Fund Management: Assembling the Right Team

A breakdown of the three service providers you’ll need to launch your fund.

What does a fund administrator do? What can’t a fund administrator do? Who else will you need to hire? In this blog, we explain the roles that various third parties play in setting up a new Opportunity ZoneFund.

READ THE FULL NES FINANCIAL ARTICLE

NES Financial: The leader in Opportunity Zone fund administration.

Based on our industry-leading experience in other specialized financial markets, we’ve developed the first purpose-built Opportunity ZoneFund Administration Suite — designed to minimize risk and maximize investor confidence.

LEARN MORE ABOUT HOW NES FINANCIAL’S OZ FUND ADMINISTRATION SUITE COULD HELP YOUR FUND.