Investors are going all in on a government program that allows them to defer and potentially forgo paying capital gains taxes by investing in economically distressed areas. EJF Capital is the latest institutional investor seeking to tap the Opportunity Zones program, Bloomberg reported. The Arlington, Virginia-based hedge fund aims to raise $500 million through a fund to invest in real estate projects in those low-income areas nationwide. The Opportunity Zones program was passed as part […]
source https://therealdeal.com/miami/2018/09/24/ejf-capital-is-latest-investor-to-tap-opportunity-zones-profit-potential/#new_tab
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