2018 Global Leaders in Real Estate Summit: Opportunity Zones

December 20, 2018

Attendees of the most recent Global Leaders in Real Estate Summit discuss opportunity zones.

Transcript

Mike Lefkowitz: Well, opportunity zones are just getting started. The regulations are just starting to come out now, so that seems to be during a 2019 the next big area of investment. Although, I don't believe any deals have taken place as of yet.
Ken Weissenberg: Opportunity zones are a creation under the new federal tax law that create a major tax incentive for investing in economically distressed areas. Those incentives include deferral of tax on capital gains as well as an exclusion of tax for assets held more than 10 years.

Jay Neveloff: A lot of our clients are looking at opportunities zones and those investments. It's affected by the time horizon. You need to fully take advantage of the opportunities and benefits. I don't think clients are going to make investments just to take advantage of those investments, but they are looking at it and they are a significant added benefit.
Andrea Himmel: We're planning to invest in a lot of assets that happened to be an opportunity zone, but we're not choosing the opportunity zones as the main source of the thesis.
Jamar Gordon: I think that is something that is under evaluation. I'm looking at those opportunities zones depending on what's the highest, best use for that area.
Amy Sole: We've been researching opportunity zones. It's a great tax shelter.
Lawrence Selevan: We have a number of clients that have come in that want to talk about opportunity zones, but as you look at the overlay of where they are, they only make sense if you're going to do low income Section 8 or senior housing, for what we see so far.

Have Questions or Comments?

If you have any questions about this media item, we'd like to hear your opinion. Please share your thoughts with us.

More Videos in This Series

2018 Global Leaders in Real Estate Summit: How do you get a deal done in New York?

Attendees of the most recent Global Leaders in Real Estate Summit discuss how to close a deal in New York City real estate market, one of the most competitive markets in the world. Closing a deal requires patience and understanding of the market.

2018 Global Leaders in Real Estate Summit: What are the hottest areas for investment and development in the near future?

Attendees of the most recent Global Leaders in Real Estate Summit discuss the hottest areas for real estate development and investment. Real estate investment is driven by e-commerce and retail trends in Manhattan and Pennsylvania.

2018 Global Leaders in Real Estate Summit: Where will capital be coming from next year?

Attendees of the most recent Global Leaders in Real Estate Summit discuss where capital will be coming from next year.

2018 Global Leaders in Real Estate Summit: Foreign Capital

Attendees of the most recent Global Leaders in Real Estate Summit discuss foreign investment in the U.S. real estate market by Canada, Europe and countries in Asia such as China and Japan. Private equity seems to be flush with capital.

2018 Global Leaders in Real Estate Summit: Where do you think the sector is heading over the next couple of years?

Attendees of the Global Leaders in Real Estate Summit discuss where the real estate sector is heading over the next couple of years, including the potential for a New York real estate market bubble-burst, local economics and regulation.