Commercial Observer
By Rey Mashayekhi

Tucked into the federal tax reform bill that passed late last year, the “Opportunity Zones” program wasn't designed specifically with real estate in mind. Rather, the provision—which provides significant tax relief to investors who pour money into designated, “economically distressed” areas across the country—is meant to spur investment across a wide variety of business sectors and industries.

And yet, due to the very nature of the program, it is real estate interests that appear most poised to benefit from its potentially lucrative tax incentives. Already, numerous real estate investment firms and financial platforms have launched funds seeking to raise billions of dollars with the goal of scooping up and redeveloping properties in designated opportunity zones. Read the full article.