Opportunity Zone Investing Gaining Steam

Opportunity zone investing is gaining steam. The bi-partisan Congressional creation, sponsored by two African-American US Senators, one Democratic and another Republican, and championed under the Trump administration, had key regulatory hurdles cleared recently. This has created a groundswell of investor interest, according to fund managers and real estate investors. But are their hidden landmines to which institutional and high net worth investors should be aware? Q1 hedge fund letters, conference, scoops etc US Senators Cory Booker (D-NJ) and Tim Scott (R-SC) have created a monster on several levels. With nearly $2 trillion in unrealized gains sitting on the balance sheets…