Posted on January 30, 2019
By Richard Sarkis
Opportunity Zones are here, and the commercial real estate industry is paying close attention. Established as part of the Tax Cuts and Jobs Act in 2017, the new government program is designed to stimulate struggling economies across the nation. Handpicked for specific economic criteria, over 8,700 designated census tracts are attracting investors and developers of all kinds for their tax breaks on capital gains.
While the benefits for investment are clear, many commercial real estate professionals are a little less clear on how to start their search. How, exactly, can investors efficiently locate and analyze these assets for investment? The answer lies in off-market data. As more players enter the Opportunity Zone market, off-market data and commercial real estate technology provide a simplified search experience to find prized properties before others do and empower stronger deal-making across the country’s most lucrative markets, in areas such as Chicago, Los Angeles and Miami.