The Connect Opportunity Zone Summit took place in New York on October 23rd. The issues of purposeful, impact investment was a big topic as the long-term hold of these investments makes working with the communities imperative. The experts not only discussed what is currently happening with QOZ but also re-examined what the goals of the program are and what needs to be done to meet those goals.
“Buying right is essential, said ODG managing partner Gavriel Kahane. The QOZ program is about benefiting challenged neighborhoods, but also about driving capital out of mature, ‘dying on the vine’ markets and into new areas. He said it’s important that the program ‘catch like wildfire.’ ”
To learn about more of the highlights from the conference and read the entire article, click HERE. https://www.connect.media/o-zone-experts-the-10-year-hold-means-looking-at-long-term-impact/
If you have any questions about this article or anything else surrounding Opportunity Zones, please don’t hesitate to contact me.
Ashley has an extensive knowledge of the Chicago commercial real estate market. After graduating from University of Kansas with a degree in architectural studies, she worked in Kansas City as a commercial leasing agent at a 2.1 million square foot office park. While working for an institutional owner, she learned valuable skills such as client reporting, communication and accountability.READ FULL BIO
The total number of census tracts certified as Opportunity Zones by the U.S. Treasury.
Potential unrealized capital gains eligible for Qualified Opportunity Fund investment and tax treatment.
Treasury Secretary Steven Mnuchin’s estimate of private capital that will flow into Opportunity Zones.