Neisen Kasdin, managing partner of Akerman’s Miami office and former mayor of Miami Beach, identified opportunity zones as the top trend in commercial real estate in South Florida for 2019. Qualified Opportunity Zones, enacted into law through the 2017 Tax Cuts and Jobs Act, is an initiative designed to use tax incentives to drive long-term investment in urban and rural low-income areas.
“The opportunity zones discussion will shift to implementation in the year ahead,” Kasdin said. “Recently released Treasury guidelines have unleashed a torrent of interest in investing in opportunity zones.”