• SEC Statement on Qualified Opportunity Zones

    By: Jennifer Riley and Jeffrey Berkman On July 15, 2019, U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton issued a statement announcing the SEC staff’s joint statement with the North American Securities Administrators Association (NASAA) regarding the potential applicability of federal and state securities laws to fundraising for Qualified Opportunity Zones...

  • No, Opportunity Zone Investments Will Not Replace Section 1031 Exchanges

    As everybody probably knows by now, I've been part of the enthusiastic chorus of advisors singing the praises of the Opportunity Zone Program. Make no mistake: the program is a game-changer for private equity and the real estate industry. We've already seen widespread impact across the country in many markets where...

  • The Qualified Opportunity Zone Proposed Regulations: My Commentary

    On October 19, 2018, the IRS published their proposed regulations corresponding to Section 1400Z-2 of the Internal Revenue Code, which set forth the tax benefits of the Qualified Opportunity Zone (QOZ) program. If you don't know what the QOZ program is, you've literally been living under a rock; it's the greatest...