With the issuance of the long-awaited Opportunity Zone regulations by the U.S. Department of the Treasury on April 17, 2019, real estate investors, owners, and operators in the State of Florida are anxious to seize the “opportunities” afforded by the Opportunity Zone program, which will offer participants significant tax benefits.
While the Opportunity Zone program appears to hold a lot of promise, there are many uncertainties and nuances under the newly issued Opportunity Zone regulations, including the interplay between such tax benefits and other incentive programs, and the impact on investors, owners and operators currently engaged in business within designated opportunity zones.
Bilzin Sumberg and ULI SE are conducting a brief, 13-question survey among developers, investors and other professionals who specialize in real estate and finance in Florida, to delve into how the industry is thinking about the program.
This research will serve as the basis for a joint ULI SE/ Bilzin Sumberg in-depth Opportunity Zone Report to be released in the coming months. Real estate and finance professionals in South Florida who wish to participate in the survey can do so by clicking here. The results will be shared at a June 5th ULI SE/ Bilzin Sumberg roundtable discussion and with all participants in a summarized format as part of the Report.