OZ MAGAZINE 2022 Top 25 Influencers issue 2.2 | Page 34
34 OPPORTUNITY ZONE MAGAZINE | ISSUE 2 • VOLUME 2
DUVAL & STACHENFELD
Jessica Millett is chair of Duval & Stachenfeld ’ s Tax Practice Group . She has particular expertise in U . S . tax issues that arise in complex real estate transactions , notably Qualified Opportunity Fund structures and cross-border investments . She regularly advises clients on tax structuring and documentation for Qualified Opportunity Fund investments , real estate acquisitions , joint ventures , restructurings and refinancing arrangements , including inbound and outbound investments , and structures involving REITs . She has been at the forefront of structuring investments into Opportunity Zones along with the D & S real estate team . Millett has been quoted in various major publications and made numerous presentations to industry groups .
WHAT NEW TRENDS ARE YOU SEEING IN THE OPPORTUNITY ZONE INDUSTRY ?
The Opportunity Zone program has grown up a lot over the past three years , and it is amazing to see how the program has evolved . I am seeing increased creativity in projects and deal structure , and more investors and sponsors exploring how to utilize the Opportunity Zone platform for operating businesses , either as a standalone investment or in tandem with a real estate development . We are beginning to see the tangible results of early investments , and I hope that will encourage additional participation in the program !
Brad A . Molotsky is a transactional real estate lawyer . He serves as co-head of the firm ' s Opportunity Zones practice group and as team lead for the Duane Morris Project Development / Public-Private Partnership industry group . Molotsky ’ s primary practice is focused in the areas of Opportunity Zone fund creation and fund deployment , financing , public private partnerships , real estate joint ventures ( including mixed-use and multifamily development ), commercial leasing ( including a focus in cannabis leasing ), and acquisitions and divestitures . He also has deep experience in environmental , social , governance , public company issues such as enterprise risk , internal audit , compensation , as well as energy efficiency , sustainability and corporate social responsibility .