FROM: The Real Deal
By Keith Larsen | October 18, 2018
A $12 billion real estate investment and management firm is the latest player looking to capitalize on the Opportunity Zones tax incentive development program.
Salt Lake City-based Bridge Investment Group will launch what it’s calling an Opportunity Zones initiative, targeting $500 million in “attractive opportunities” across the U.S.
The Opportunity Zones plan, part of President Trump’s tax overhaul, gives tax incentives to developers and investors for building in low-income areas. There are over 8,700 designated Opportunity Zones across nationwide.
Firms have already set their sights on the possible investment opportunities, and are looking to pour big money into these […] Read more