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 * We Have Shovel Ready Projects In: Oakland Hayward Upcoming Projects 3 Unit Property Mixed Use Property Multiple Projects Sub $1.5M Project $2M Project $5M to $30 M Projects Vacant Residential Retail on Ground Floor Land Development Great Unit Mix Office/ Apts Upper Floors Major Rehab Projects Central Location Downtown Location Great Locations Call For More Information & Property Specifics: 415.272.2729 OPPORTUNITYZONEMAGAZINE.COM WWW.PHILLIPWANG.COM [email protected] 81