No. of Recommendations: 3

Real Estate Investors See Riches in a Tax Break Meant to Help the Poor

Land deals in eligible tracts from Bronx to Oakland jump 62%.

By Noah Buhayar and Caleb Melby, Bloomberg
January 15, 2019

Fervor about opportunity zones is heating up across the U.S. For a limited time, investors who develop real estate or fund businesses in these areas are able to defer capital gains on profits earned elsewhere and completely eliminate them on new investments in 8,700 low-income census tracts....

The incentives are so flexible they could be used for everything from affordable housing to solar farms....
[end quotes]

What REITs would be best positioned to profit from this "land rush"?

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