Jose said he gets disappointed whenever he receives calls from an investor who is not necessarily interested in what a project
is, rather only focuses on the tax break.
“I sometimes get worried when I get asked about the Opportunity Zone aspect of a deal, but they don’t ask about any of the
other details,” he said. “I am surprised when they don’t, because that shouldn’t be the case. People should be involved in the
project.”
Because of this drive to invest money where tax incentives are plentiful, it may mean less productive projects in the future for
the communities who may need growth the most.
Insiders are keeping a watchful eye to see the evolution of QOZ investments, but those interested or involved in the real estate
industry can expect the underdeveloped areas near big cities to become bigger and better in the upcoming years before the
small towns will likely see any positive changes on the horizon.
* CREW East Bay is a professional organization whose mission is to advance women as influential leaders in the commercial
real estate industry by providing educational resources, recognition and opportunities to build professional relationships. n
Jackie Matsumura is a Partner and Real Estate Industry Group Co-leader at BPM. Contact Jackie at
[email protected] or 925-296-1035.
Alyssa Duranty is a Content Writer at BPM.
BPM Real Estate Insights 9