CRE pros cool on scalability of opportunity zones

construction 230-150x
By Alexander Saeedy
12 Mar 2019

Commercial real estate players may be backing away from once alluring opportunity zones — tax breaks on reinvested capital gains that funnel into real estate and business projects in economically disadvantaged regions of the country.

The program was established by Congress in the Tax Cuts and Jobs Act of 2017 and could spur up to $100bn of investment, according to White House estimates.

But as interest in the tax structure reaches fever pitch and financiers race to find ...

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