Opportunity Zones and Real Estate Investing
Posted by Brian Pearl on
Savvy real estate investors throughout Boca Raton and Delray Beach are already taking advantage of the savings that a little-known change to the tax code has provided. Dubbed “Opportunity Zones,” these designated sections encourage new development and investments in distressed areas by way of preferential tax treatment.
The best part? Local examples of Opportunity Zones in Delray Beach are currently available for development.
Defining an Opportunity Zone
Opportunity Zones came about as a result of the 2017 Tax Cuts and Jobs Act. The “Investing in Opportunity Act” contained in this legislation allows State and local governments to work together to identify economically-distressed areas ripe for reinvigoration via private capital.
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Photo Courtesy of GL Homes
Led by Brian Pearl and Vini Antonacci, The Pearl Antonacci Group was recently honored at Lang Realty's annual awards brunch in Aberdeen Country Club in Boynton Beach, Florida. The Team was awarded the coveted Diamond Award, Lang Realty's highest award given for real estate teams, for their superior sales achievements in 2018.