Short of Marie Kondo's new show about tidying up, few topics are dominating water cooler conversations, at least in the real estate business, like opportunity zones.
“It's definitely the hottest thing out there," PEBB Capital co-founder and managing partner Todd Rosenberg said. "Everyone is talking about it. Everyone is thinking about it.”
“It's like the gold rush right now,” Vagabond Group founder and CEO Avra Jain said.
Rosenberg said that when the program was first announced last year, he thought, "Wow, this is really amazing."
But like everyone in the commercial real estate business, once he got in the weeds and looked at the nuances of the new policy, he realized there were a lot of unknowns to work through, and he is still waiting for more specifics from the Treasury Department. With the longest-ever government shutdown ongoing, he and other investors will have to keep waiting.
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