An Overview of Opportunity Zones

June 27, 2019Urban Affairs Forum by St. Louis REALTORS

Lewis Rice attorneys Michael T. Donovan and Ryan C. Furtick presented on Opportunity Zones on June 27, 2019 as part of St. Louis REALTORS' Urban Affairs Forum. The presentation provided an introduction to the Opportunity Zone program enacted as part of the 2017 Tax Cuts and Jobs Act. Topics included the tax benefits associated with investing in an Opportunity Zone, operational rules for a Qualified Opportunity Fund (the investment vehicle for investing in Opportunity Zones), as well as issues with owning and leasing property located within a designated Opportunity Zone. They also covered a comparison of the Opportunity Zone program with Section 1031 like-kind exchanges.

To view the slides of the presentation, click under "Resources" below.

Mike Donovan has significant experience in all aspects of tax planning for partnerships and LLCs, corporations, real estate, REITs, and funds. He regularly advises clients in connection with M&A transactions, real estate projects, and complex partnership issues. Mike also counsels exempt organizations on issues relating to tax-exempt status, intermediate sanctions, and joint ventures with for-profit entities.

Ryan Furtick has experience with a wide variety of corporate matters, including structuring mergers and acquisitions, entity formation, and restructuring. Ryan also has experience in all aspects of tax planning for partnerships, LLCs, and corporations, including business and succession planning.