The Opportunity Zones program, established through the Tax Cuts and Jobs Act, aims to spur long-term private sector investments in low-income communities nationwide. Investors in Qualified Opportunity Funds (QOFs) participating within the designated Qualified Opportunity Zones (QOZs) can take advantage of federal tax benefits in exchange for their investment in distressed communities.
The Opportunity Zones program offers federal tax incentives for investing realized capital gains in QOFs, which are investment vehicles created to attract investment into under-invested communities. All or a portion of the realized gain must be invested in a QOF within 180 days.
Virtually any entity or individual required to report capital gains can receive Opportunity Zone benefits. The investment offers three potential tax benefits:
 Investors receiving gains on a K-1 from an investment may be able to elect December 31 of the tax year as the date of the gain (regardless of the date of the actual capital gain event), and therefore have until June 29 of the following tax year to make an investment into a QOF. Please consult with your tax advisor for eligibility to make this election.
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Block 216 is a peerless mixed-use development in the heart of downtown Portland's central business district. Occupying a full block, the site is optimally located in bustling downtown Portland and will be a destination visible on the skyline from any direction.
The Arden is a $54.6 million mixed use development located in Madison, Wisconsin. It contains 124 apartments, 51,560 square feet of commercial office and retail space, and a two floor enclosed parking deck.
The developer plans to keep The Arden offering open for additional investment through the OZ program.
The Wesmont is an existing building that will be renovated into a 188-unit multifamily apartment community on the northeast side of downtown Indianapolis. The project is located within a vibrant community and is within walking distance to many amenities, including trendy retail shops, restaurants and a popular park with biking and walking trails.
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