Op-Ed: Don’t Rush in to Opportunity Zones
By Craig Kinzer; published in the Puget Sound Business Journal
Created under the Tax Cuts and Jobs Act of 2017, Opportunity Zones have remained a hot topic in commercial real estate investment ever since. They offer substantial benefits to investors compared to traditional instruments. The local market’s strong long-term outlook and favorable tract locations have made investing in Seattle Opportunity Zones worthy of consideration.
Despite their advantages, Opportunity Zones are not a panacea for investors. In an op-ed for the Puget Sound Business Journal, Craig Kinzer discusses how best to take advantage of Opportunity Zones, major pitfalls to avoid, and the most interesting neighborhoods in the Greater Seattle region.
As the Dec. 31 deadline to get the absolute maximum return from an Opportunity Zone investment nears, Kinzer offers caution. The small marginal benefit of making the deadline does not outweigh the need for careful research and analysis.