NES Financial to Administer Salt Lake City Opportunity Zone Fund for Hatteras Sky

Specialty financial administrator NES Financial announced today that it has contracted to provide its purpose-built Opportunity Zone Fund Administration services to Hatteras Sky — an experienced commercial real estate development firm specializing in Opportunity Zone, affordable, historic and conventional real estate development. The proposed development will feature the conversion of the Union Pacific train depot, [...]

The Challenges Private Equity Fund Managers Face Today

Fund managers, whether new or 20-year experts, face challenges daily, especially with technology needs evolving. So, what exactly are the challenges Private Equity managers are facing, and how can NES Financial’s technology help? “Today, in the GP world, we’re going through a sea change,” according to NES Financial’s Senior Vice President of Fund Administration Michael [...]

Why You May Want to List a DST Interest as Replacement Property for Your Section 1031 Exchange (Even If You Don’t Plan to Buy It)

1031 exchanges enable you to reduce or eliminate taxes on the sale of business or investment real estate. If you want to sell one business or investment property and purchase a “like-kind” replacement property within 180 days of the sale, structuring these two transactions as a Section 1031 exchange can enable you to avoid capital [...]

The Long Game: Opportunity Zone Fund Formation Considerations and Planning for Success from Start to Finish

When forming an Opportunity Fund, from the very beginning, you need to be planning for each stage in an OZ investment’s life cycle: the capital raise, how and where to hold the invested capital, timely deployment, managing the assets, maintaining Opportunity Fund status by satisfying the various regulatory tests, and the exit — which for [...]

Why the Latest Opportunity Zone Reporting Bill Introduced is Another Win for Transparency

U.S. Senator Tim Scott introduced the IMPACT Act today, an expanded bill that would establish reporting requirements for the Opportunity Zones incentive. “It’s loud and clear that legislative momentum and interest around reporting requirements continues to grow by all sides of the aisle,” said Reid Thomas, EVP of NES Financial’s Specialty Financial Administration Business, which [...]

2019-12-10T13:54:20-08:00December 6th, 2019|Categories: Blog, Opportunity Zones|Tags: , , , , |

NES Financial to Administer Funds for Synergy Investment’s First Opportunity Zone Fund

Specialty financial administrator NES Financial announced today that it has contracted to provide its purpose-built Opportunity Zone Fund Administration Solution to Synergy Investments. Synergy Investments is a full-service real estate investment firm based in Boston that has delivered a total weighted average IRR of 32% to institutional investors over the last 15 years. The newly [...]

NES Financial Introduces Purpose-Built 1031 DST Administration Solution

Specialty financial administrator NES Financial announced that it has added a new, purpose-built fund administration service to its current lineup of EB-5, 1031 exchange, private equity and Opportunity Zones offerings. The 1031 DST Administration Solution leverages NES Financial’s award-winning eSTAC® administration technology to provide maximum security, transparency, and compliance to Delaware Statutory Trust (DST) managers [...]

The Changing Role of Escrow in the Age of EB-5 3.0

The new EB-5 regulations went into effect on November 21. In a series of blogs, NES Financial (along with its Medallion partners) is looking at the impact of the regulations and what EB-5 stakeholders can do to prepare for and operate in this new era, which we’re calling EB-5 3.0. Despite the fact that USCIS [...]

NES Financial to Administer New Mexico–Based Opportunity Zone Fund

Specialty financial administrator NES Financial announced today that it has contracted to provide its purpose-built Opportunity Zone Fund Administration services to InvestNewMexico.us (INM), an Albuquerque/Santa Fe–based partnership focused on affordable and sustainable housing, agriculture, film, technology transfer and emerging media industries. “New Mexico is a very poor state, and our mission is to inspire New [...]

2019-12-10T13:57:32-08:00November 14th, 2019|Categories: Opportunity Zones, Press Release|

Why the Newly Introduced Opportunity Zone Reporting Bills are a Win for Transparency

Senator Ron Wyden introduced the “Opportunity Zone Reporting and Reform Act” this week, which would amend the Internal Revenue Code of 1986 to require to increase reporting for qualified opportunity funds. “Legislative momentum around reporting requirements continues to increase,” said Reid Thomas, EVP of NES Financial’s Specialty Financial Administration Business, which includes Opportunity Zone [...]