Greenberg Traurig is pleased to host ULI NEXT for an engaging presentation on Philadelphia Opportunity Zones. GT Shareholder James O. Lang will present highlights and insights on the latest regulation and guidance for this new incentive for real estate and operating business investment in targeted areas, Qualified Opportunity Zones.
In what may be one of the most significant provisions in the recent Tax Cuts and Jobs Act, this tax incentive provides an opportunity for real estate investors and venture capital to abate current capital gain tax liability and receive tax free treatment on future appreciation. Real estate development, substantial rehabilitation of existing structures, as well as funding of the operations and appreciation in value related to the business benefit from this incentive. Learn how investor returns may be significantly increased and developer/sponsor/operators cost of capital may be incentivized through Qualified Opportunity Fund investment into the qualifying projects for job creation and revitalization of neighborhoods.