Created as part of the Tax Cuts and Jobs Act of 2017, Qualified Opportunity Zones were established to spur long-term investment and economic development in underserved census tract areas by providing three key tax incentives: temporary deferral of taxes on capital gains from prior investments, reduction of taxes payable on deferred gains and elimination of taxes on capital gains of investments in qualified opportunity zones.
According to the White House, Opportunity Zones are anticipated to spur $100 billion in private capital investment, which will foster economic revitalization and job creation and promote sustainable economic growth. More than 8,700 census tracts in all 50 states, Washington, D.C. and five territories have been designated as Opportunity Zones.
John Green and Toks Ladejobi of Blackstar Real Estate Partners will provide an overview of the Opportunity Zone program, as well as discuss opportunities and challenges. Topics include:
- Overview of opportunity zones and the applicable benefits to investors
- Key opportunity zone observations
- Updated guidance from the Department of Treasury
- Abbreviated overview of operating businesses in opportunity zones
- Who Should Attend
- Chapter executives
- ABC attorneys
- About the Speakers
As a managing and co-founding principal of Blackstar Real Estate Partners, John Green directs firm-wide strategic planning and leads the investment management efforts. Green has more than 18 years of real estate and finance experience and has managed approximately $5 billion in commercial, multifamily and mixed-use properties in greater Washington, D.C.; New York City, Baltimore, San Francisco and other major metropolitan areas within the United States.
Toks Ladejobi is a principal at Blackstar Real Estate Partners, focused on asset management and investment activities. Ladejobi has more than 20 years of real estate and finance experience, acquiring and managing more than $3 billion of assets on behalf of owner-operators and global investors. Ladejobi has managed office, multifamily, industrial and hotel assets in greater Washington, D.C.; New York City, Baltimore, Boston and other major metropolitan areas within the United States.