Demand for Opportunity Zone Legal Advice Sparks New Focus
Investor and developer interest in Oregon’s designated Opportunity Zones (OZ) and Qualified Opportunity Funds (QOF) has spurred Dunn Carney’s Business Team to create a new Opportunity Zone Law Team. Coni Rathbone, a business and real estate partner, and Jeff Perry, a business partner, tax attorney and head of the Business Practice, lead the new group comprising experienced real estate, tax, securities and business lawyers.
The federal Opportunity Zone program is part of the 2017 federal Tax Cuts and Jobs Act, enacted to drive long-term capital gains into low-income rural and urban communities through a myriad of federal income tax benefits and incentives.
Oregon’s Opportunity Zones were designated in May 2018. They are nationally perceived as some of the strongest real estate investment opportunities in the country and interest is high among investors and developers across the U.S. A large Portland developer worked with the Dunn Carney OZ Law group to launch a $330 million Qualified Opportunity Fund — one of the first and largest in the state.
Coni is a prominent presenter and writer about topics related to Qualified Opportunity Zones and Qualified Opportunity Funds. Watch for her article in the upcoming Portland Business Journal’s Opportunity Zone special focus.