Qualified Opportunity Zone Resource Center for Real Estate Developers

Welcome to our Real Estate Developer Resource Center for investing and developing inside Qualified Opportunity Zones.

Below the map are resources curated for the use of real estate investors and developers including official sources, downloadable documents, other portals/hubs, recent news, and discussion threads. We have marked potentially negative coverage (from the perspective of investors and developers) where appropriate to ensure you are aware of potential roadblocks and opposition. At this time, we endeavor to only cover national news.

Hot Opportunity Zone Topics

• Final Opportunity Zone Rules
• Round 2 Opportunity Zone Guidance Released
• Treasury Secretary Mnuchin talks about Opportunity Zones at the US Conference of Mayors
• Read the Real Estate Industry Comment Letters on Opportunity Zones
• Opportunity Zone Comment Watch: 145 comment letters submitted – Read Opportunity Zone Comment Letters

Interactive Maps

Click the map links below to access an interactive map and review Qualified Opportunity Zones throughout the United States.

• Map of all Opportunity Zones in the United States
• Map of Opportunity Zones in the Tampa Bay area including property appraiser parcel data (more markets coming)
• Map of Opportunity Zones in Student Housing markets across the country
• Map of Opportunity Zones in Top MSAs throughout the USA (over 500,000 population)
• Map of Transit Stops and Brownfields in Opportunity Zones

Opportunity Zone Resources – Official Sources

• Regularly Updated
  • Review the Official CDFI website for Opportunity Zones
  • IRS has released Opportunity Zones FAQ
• Specific Documents Issued
  • IRS Form 8896 Qualified Opportunity Fund  (1/7/19) [PDF: 2 pages]
  • IRS Cancellation of Public Hearing (1/7/19) [PDF: 3 pages]
  • Executive Order Establishing the White House Opportunity and Revitalization Council (12/12/2018) [PDF: 4 pages]
  • IRS Tax Tip: Tax Reform Creates Opportunity Zone Tax Incentive (12/11/2018)
  • Federal Register of Proposed Regulations for investors in Qualified Opportunity Funds (10/29/2018) [PDF: 18 pages]
  • IRS Revenue Ruling 2018-29: Special Rules for Capital Gains Invested in Opportunity Zones (10/19/2018) [PDF: 5 pages]
  • IRS Revenue Bulletin 2018-28: Notice 2018-48 Designated Qualified Opportunity Zones (7/9/2018) [PDF: 383 pages]
  • IRS Revenue Procedure 2018-16: Qualified Opportunity Zones (Eligibility Criteria) (2/8/2018) [PDF: 6 pages]
  • The Tax Cuts and Jobs Act (12/22/2017) [PDF: 186 pages]
  • Read the original legislation for the Investing in Opportunity Act (2/2/2017) [PDF: 19 pages]

Opportunity Zone Data and Tools

• Download a Microsoft Excel file of the designated Qualified Opportunity Zones (Updated 12/14/2018)
• Download an Opportunity Zones Shapefile for GIS

Downloadable White Papers and Documents

• Pitchbook – Analyst Note: A Window of Opportunity
• Stites & Harbison – Structuring a Qualified Opportunity Zone Fund—What You Need to Know
• Milken Institute – Opportunity Zone Workforce Housing Vignette
• Tax Foundation – Opportunity Zones: What We Know and What We Don’t
• Smart Growth America – National Opportunity Zones Ranking Report
• Novogradac & Company’s Opportunity Zones Working Group – Priority Request for Further Opportunity Zones Guidance
• Real Capital Analytics – US Opportunity Zones: A Baseline
• Kilpatrick Townsend – Opportunity Zones White Paper
• Bloomberg Tax – Opportunity Zone Programs: Overview and FAQs
• Brookings Institution – Learning from Opportunity Zones: How to improve place-based policies (Potentially negative coverage — Read to be prepared)

Opportunity Zone Videos/Media

Varnum LLP Video – Michigan-focused, but covers Opportunity Zones in general

Opportunity Zone Portals/Hubs

• Economic Innovation Group
• Enterprise Community Loan Fund
• Novogradac & Company
• Council of Development Finance Agencies
• GreenbergTraurig
• Holland & Knight
• Local Initiatives Support Corporation

National Real Estate Brokerage Firms

• CBRE – Qualified Opportunity Zones: A Reference Guide for US Commercial Real Estate Investors (PDF)
• Cushman & Wakefield – In the Opportunity Zone: Don’t Miss this $100 Billion CRE Event (PDF)
• HFF – Opportunity Zones: The Commercial Real Estate Topic Du Jour (Blog Post)
• JLL – What Investors Need to Know About Opportunity Zones (Article)
• Marcus & Millichap – The “Next Big Thing” for Real Estate (On-Demand Webinar)

DISCLAIMER: CREMODELS IS NOT A LAW FIRM, ACCOUNTING FIRM, TAX SPECIALIST, BROKERAGE FIRM, MORTGAGE BROKERAGE, EQUITY PLACEMENT FIRM, WEALTH ADVISER, ENGINEERING FIRM OR ANY OTHER TYPE OF ENTITY RESPONSIBLE FOR PROVIDING LICENSED SERVICES OR ADVICE. NO COMMUNICATION FROM CREMODELS SHOULD BE DEEMED A RECOMMENDATION, DIRECTION OR SUGGESTION FROM A LICENSED PROFESSIONAL IN ANY WAY. NONE OF THE ABOVE LINKS ARE MEANT AS ENDORSEMENTS OF THE HOSTING SITES, BROWSE EXTERNAL LINKS AT YOUR OWN RISK