October 14, 2019
Financial Advisor magazine quoted Greenwich, Connecticut, Office Managing Partner John Mezzanotte in an article about investing in Opportunity Zones.
Financial Advisor Magazine
By Jeff Stimpson
Excerpt:
“The added risk here is that fund managers will need to select developers and contractors to execute the projects professionally and cost efficiently,” Mezzanotte said. “They’ll need real estate managers to run these projects for at least 10 years. If you put all your gain into an OZ fund, you’ll also need another source of cash to pay the deferred capital gains tax in 2026.”
