Ginsberg Jacobs Details New ‘Opportunity’ For Investors
Through a new program included in last year’s tax bill, approximately 8,700 census tracts nationwide have been designated as Opportunity Zones, offering investors a place to redeploy unrealized capital gains. Under the incentive, which is designed to promote long-term investment in low-income neighborhoods, this money can be reinvested in Opportunity Funds that finance everything from businesses to real estate developments located in qualifying areas. In exchange, investors can receive a temporary deferral or permanent exclusion on gains depending on how long their investment is held. To help clarify the program, Taylor Johnson recently pitched and secured a byline in National Real Estate Investor from Darryl Jacobs, co-founder of client Ginsberg Jacobs LLC. We also connected Jacobs with The Real Deal for a feature on the program.