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 [...]

2019-11-18T10:06:55-08:00November 14th, 2019|Categories: Opportunity Zones, Press Release, 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 [...]

NES Financial Signs 50th 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 50th Opportunity Zone client with its purpose-built Opportunity Zone Fund Administration Solution. “NES Financial is a pioneer in the Opportunity Zone space, growing significantly since signing our first [...]

NES Financial to Administer Clean Energy 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 Greenwave, a collaboration and energy solutions service platform centered around energy conservation, renewable, and smart energy. Greenwave Opportunity Zone Fund seeks to help ensure clean water to residents in Opportunity Zones throughout the country. [...]

2019-11-06T10:03:16-08:00November 6th, 2019|Categories: Opportunity Zones, Press Release|

Insider Insights Series: The Real World Impact of Opportunity Zones

An NES Financial Opportunity Zones Webinar Wednesday, November 20, 2019 | 11:00 am PT It’s almost the end of 2019, and the Opportunity Zones initiative is thriving. How is your fund performing and what are the latest trends to help your business grow in 2020? In this free Opportunity Zones webinar, NES Financial and OZ [...]

Fund Administration and Technology: Continuing the Conversation From the Novogradac Opportunity Zones Fall Conference

Novogradac’s 2019 Opportunity Zones Conference in Chicago is one of the largest OZ events in the country where fund sponsors, developers, investors, accountants, lawyers and stakeholders attend to discuss and learn how to effectively invest in qualified opportunity zone funds. Our EVP Reid Thomas spoke about fund administration at this conference and one of the [...]

Poll Result: “Will You Launch New EB-5 Projects After the New Rules Take Effect?”

On October 2, we held a webinar titled “Are You Ready for EB-5 3.0 — A New Era?” (If you missed it, watch the recording here!) In this presentation, we brought together a select group of experts from across the EB-5 industry to discuss the new EB-5 rules, which are scheduled to take effect on [...]

NES Financial EVP Reid Thomas to Speak at Novogradac Opportunity Zones Fall Conference

NES Financial announced today that EVP and General Manager Reid Thomas will be a panel speaker at the upcoming Novogradac 2019 Opportunity Zones Fall Conference, which will be held in Chicago, IL, on October 24–25th. Novogradac's Opportunity Zones Conference is one of the largest OZ events in the country where fund sponsors, developers, investors, accountants, [...]