What an Opportunity!
In the Commercial Real Estate world there is a constant evolution of opportunities designed to stimulate, promote and grow investment in local under-served communities. One of the best examples of these are: Opportunity zones.
Here is a quick down and dirty explanation of Opportunity Zones and how they have been designed to encourage growth in low-income areas. Opportunity Zones were introduced as part of The Tax Cuts and Jobs Act (H.R.1) signed into law by President Trump in 2017. The Opportunity Zones Program provides tax benefits to investors (individual and institutional) to re-invest unrealized capital gains into low income areas throughout the state. These low-income areas are areas where the poverty rate is 20 percent or greater and/or family income is less than 80% of the area's median income.
There are 13 Opportunity Zones within the areas that Two Oaks Commercial and its local experts operate. We can help you find capital investment opportunities all the way from Knightdale on the Eastern side of Wake County to Sanford in Lee County. In between there are Opportunity Zones located in Raleigh, Wake Forest, Durham, Chapel Hill, Cary, Pittsboro and Siler City all with their own unique investment possibilities.
If you would like to know more check out the NC Department of Commerce website regarding Opportunity Zones https://public.nccommerce.com/oz/#section-home and then contact one of our team members for more insight. Email firstname.lastname@example.org or call (919) 892-9798.