Wall Street largely cautious on opportunity zones

Opportunity
By Alexander Saeedy
16 Nov 2018

The hot new item in the world of commercial real estate is the opportunity zone, a geographic designation approved by the US Treasury that will encourage investment in underserved communities through tax incentives.

Following tax guidance from the IRS last month, law firms and investment banks are scrambling to take advantage of opportunity zone investments. The idea is to funnel pent up capital gains within the US economy into investments in low-income census tracts. It is predominantly conceived as a means ...

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