Beth Zafonte, director of Economic Development Services, and Neisen Kasdin, co-chair of the Qualified Opportunity Zones Practice, examined some of the highlights encouraging investors to participate in the Qualified Opportunity Zones program in a Q&A discussion with GlobeSt.
“GlobeSt: How does one structure OZ investments in businesses versus in real estate?
Beth Zafonte: The favored two-tier structure for OZ investment in real estate is also applicable for investment in a QOZB. Under this structure, investors invest in a QOF, and the QOF acquires an interest in a subsidiary partnership or corporation which meets the requirements. For the most part, we call these the 90 percent, 70 percent and 50 percent rules.”