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Yardi Matrix White Paper Updates Opportunity Zone ActivitySANTA BARBARA, California, March 20, 2019 /PRNewswire/ -- A new white paper from Yardi® Matrix offers insight into the impact of a U.S. real estate investment tax incentive. Tax reform passed in December 2017 designated more than 8,700 low-income "opportunity zones" where capital gains taxes may be lowered or eliminated depending on how long an investment is held. Opportunity zones encompass about 10% of the U.S. population and 12% of the country's land. The white paper notes that opportunity zones have attracted intense interest from real estate investors because they "draw from a new base of largely untapped investors" and offer value-add opportunities in "new markets that were thought to be too small or risky as investment strategies." About 1.9 million multifamily units, 960 million square feet of office space and 180 million square feet of self storage space are either in place or under construction in opportunity zones. Among the other opportunity zone faces reported in the white paper:
Yardi Matrix offers the industry's most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, industrial, office and self storage property types. Email [email protected], call 480-663-1149 or visit yardimatrix.com to learn more. About Yardi
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