Opportunity Zone Magazine Opportunity Zone Magazine Volume 1, Issue 1 | Page 83
INVESTOR CONSIDERATIONS WHEN INVESTING IN QUALIFIED OPPORTUNITY FUNDS
Until final regulations are published by the IRS, all
interested participants will need to continue to keep
abreast of any future changes. However, this should not
deter investors in investing in QOF. Just be sure that the
following considerations are applied when evaluating
fund sponsors: compliance reporting, fund designation
m a i nt e n a nc e, f u n d a g r e em e nt s , s p o n s o r p e d i g r e e,
investment strategy, exit plans and risk tolerance.
There is a short window of opportunity that is open to
investors who are willing to take the risk and derive
substantial benefits to this obscure program that was
buried in the 2017 Tax Reform Reconciliation Act. As
Wa r ren Bu f fett famou sly said, “O ppor t u nities come
infrequently. When it rains gold, put out the bucket, not
the thimble.”
K evin M c D owell and J oyce S oriano -M c D owell , a husband
and wife team, have combined experience of over 30 years
in commercial real estate, finance, and business with both of
them starting their professional careers at Big 4 accounting
firms. Afterwards, they worked for large, real estate private
equity investment and development firms in a variety of C-suite
roles. Within these positions, they have completed over $3
billion in acquisitions, managed $15 billion in assets, engaged in
development of real estate properties, ran property management,
placed debt and equity on over $5 billion in transactions
representing both sides and worked extensively in repositioning
companies and their assets. Recently, they founded Rise Equity,
an investment firm focused on opportunity zone funds investing
in real estate and private equity.
SF Bay Area/ Silicon Valley
Opportunity Zone Projects
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Oakland
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Call For More Information & Property Specifics:
415.272.2729
OPPORTUNITYZONEMAGAZINE.COM
WWW.PHILLIPWANG.COM
[email protected]
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