The Law Office of Aric N. Williams advises investors, developers, fund managers, lenders and business owners to realize the benefits of the recent program enacted in December of 2017 by the Tax Cuts and Jobs Act.
REAL ESTATE AND QUALIFIED OPPORTUNITY ZONES
Qualified Opportunity Zones are designed to inspire long-term investment in economically distressed communities designated by the 50 states and the U.S. territories in return for extremely attractive tax incentives and economic benefits. Some of these benefits are:
- Deferral of gain from the disposition of any type of assets when reinvested within a specified time into newly formed entities
- Avoidance of certain gain on investments in Qualified Opportunity Funds.
We represent developers, funds, institutional investors, special purpose entities, and lenders in community redevelopment projects throughout the U.S.
We also provide guidance on combining Qualified Opportunity Zone opportunities with other incentive programs such as low-incoming housing, historic rehabilitation, new markets and renewable energy tax credit programs along with local, state and federal subsidies, and on real estate investment trusts.
Our firm assists all Qualified Opportunity Zone participants in every phase of development whether it be structuring, investing, or the operational side of development, utilizing our extensive background in real estate, high-net-worth investment, fund formation, startups, asset acquisitions and dispositions, construction and land use, property operations and management, commercial financing, affordable housing tax credits, and green energy