Scott Rechler’s RXR Realty has a half-billion plan to profit off the Trump tax cuts. The real estate developer is planning a fund set on investing in “opportunity zones,” a new feature of the tax code passed by Congress late last year that allows investors to defer or avoid capital gains taxes when they invest in designated under-invested areas. Bloomberg reported RXR plans to raise the $500 million fund primarily through high net-worth individuals. According […]
source https://therealdeal.com/2018/08/15/rxr-launches-500m-fund-targeting-trump-tax-plans-opportunity-zones/
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