Opportunity Zones

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 increased 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 fund administration. [...]

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

A Free NES Financial 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 webinar, NES Financial and OZ experts will discuss [...]

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, [...]

Q&A’s from NES Financial’s “How Opportunity Zones Can Work For You” Webinar

If you couldn’t make it to NES Financial’s free Insider Insights webinar “How Opportunity Zones Can Work For You,” you not only missed out on how your business can benefit from the latest OZ market insights, but you missed out on some great questions from webinar participants. Fortunately, we’ve collected four of those questions — [...]

Compliance Requirements vs. Best Practices in OZ Fund Management

Earlier this year, NES Financial EVP Reid Thomas published an article in National Real Estate Investor titled “The Three Keys to Long-Term Success in the Opportunity Zone Program.” In this piece, Reid argued that the long-term fate of the OZ program will depend on industry self-regulating to avoid the pitfalls that have plagued other well-intentioned [...]

Griffin Capital Chooses NES Financial to Administer Opportunity Fund

NES Financial announced today that it has been contracted to provide its purpose-built Opportunity Zone Fund Administration Suite to Griffin Capital Company, a leading alternative investment asset manager with more than two decades of investment and real estate experience. Griffin Capital’s alternative investment solutions include non-listed real estate investment trusts (REITs), actively managed interval funds, [...]