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Opportunity Zones Resource Center

Recent News Groups Submit Letters Concerning Ongoing OZ Guidance Monday, October 15, 2018 Two organizations submitted letters concerning the Treasury Department’s ongoing review of proposed guidance for opportunity zones (OZs). Commerce officials from 12 states made a series of recommendations for OZ guidance, including a grace period for opportunity funds before being subjected to the 90 percent qualified property allocation…
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October 17, 2018
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Opportunity Zones Frequently Asked Questions

Q. What is an Opportunity Zone? A. An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation authority…
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October 17, 2018
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Opportunity Zones: The Map Comes Into Focus

Key takeaways: The first phase of Opportunity Zones implementation is now complete: The U.S. Treasury Secretary has now certified the census tracts nominated by the governor of every U.S. state and territory and the mayor of Washington, D.C. For the next ten years, private investors will be eligible for certain tax benefits in return for investing in these low-income communities.…
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October 17, 2018
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CBRE SECURES $6.0 MILLION IN FINANCING FOR ACQUISITION OF MULTIFAMILY PORTFOLIO SITUATED IN YONKERS, NEW YORK

New York, NY – December 8th, 2016 – CBRE Capital Markets’ Debt & Structured Finance team secured a $6.0 million loan for the acquisition of a multifamily portfolio consisting of three residential properties in Yonkers, New York. Jared Sobel, vice president, of CBRE’s Midtown Manhattan office arranged the financing on behalf of the borrower, Momentum Realty Acquisitions. The five-year, interest-only,…
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February 3, 2018
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Momentum Realty Acquisitions and Ward Capital Management Ink Partnership to Bring Fresh Real Estate Opportunities to Private Investors

Feb. 1 – New York -- Momentum Realty Acquisitions and Ward Capital Management have agreed to a strategic partnership to acquire, improve and manage income-producing and opportunistic real estate investments in the greater New York Area. Momentum Realty Acqusitions, based in New York with a growing portfolio of holdings in the New York, Charlotte and Atlanta metropolitan areas, specializes in…
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February 3, 2018
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