Barry Sternlicht, the CEO of Starwood Capital Group, has been pretty public about his dislike of the opportunity zones program. But Starwood, which has 58 properties located in opportunity zones, has announced plans to raise $500 million for an opportunity fund to invest in low income areas designated by census tracts, according to Bloomberg. The opportunity zones program, introduced as part of the Trump administration’s tax overhaul in 2017, ensures tax deferments for developers who […]
source https://therealdeal.com/2019/01/31/starwoods-ceo-hates-the-opportunity-zone-program-guess-whose-company-just-launched-an-oz-fund/
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