Types

Types2017-02-14T20:29:55+00:00

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 in the OZ space. The Opportunity Zones program was born in late 2017 under the Investing in Opportunity Act, which [...]

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 investors temporary tax deferral, partial reduction of taxes on an investor’s realized capital gains, and total elimination of taxes on [...]

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 in October, around which investors and other industry players still have many questions. A public hearing is typically required as [...]

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 created to encourage long-term investment into targeted economically distressed areas across the country. Opportunity Fund investments offer investors temporary tax [...]

NES Financial EB-5 Solution Suite Selected by Forte Real Estate Development for Middlesex Rental Project

Industry-Leading Fund Administration Solutions Will Provide Security, Transparency and Compliance Throughout the Immigrant Investor Process New Jersey–based Forte Real Estate Development, the firm behind The View at Middlesex, has selected NES Financial’s suite of EB-5 solutions for the project. Forte will utilize NES Financial’s EB-5 Capital, Process, and Accounting Administration Suites, which are designed to help developers raise and deploy EB-5 capital more quickly, minimize risk, and streamline project efficiency. The EB-5 program, created in 1990, [...]

IRS Cancels Hearing on Opportunity Zones Due to Government Shutdown

The IRS has confirmed that the public hearing on the proposed Opportunity Zone regulations scheduled for Thursday, January 10, in Washington, D.C., has been cancelled due to the ongoing federal government shutdown. The planned hearing was to be held for stakeholders to provide their views on the first set of proposed regulations on Opportunity Zones released in October, around which investors and other industry players still have many questions. A public hearing is typically required [...]