Opportunity Zone Real Estate Fund

[Justin Leffew]

After reading the clarifying language for opportunity zones, it seems as though a newly formed real estate fund could buy an office building in an opportunity zone and hire employees to help run the fund (they work in the OZ). Even if the fund bought assets in non opportunity zones, the tax benefits would apply to said company and it's long-term holdings. I could be wrong - I have an appointment with my attorney next week to discuss more. This could potentially save investors millions upon the fund closing without needing to invest a bunch in actual OZ's. 

Link to article: https://bit.ly/2ZEAVPd

Link to rule updates: https://www.irs.gov/pub/irs-drop/reg-120186-18-nprm.pdf