Cherry Bekaert: Real Estate & Construction Industry Guidance

Join Jason Hoard, Tax Partner, as he moderates a panel of Cherry Bekaert professionals on the opportunities and pitfalls in OZ structuring. The panel will discuss a variety of topics including how an OZ investment will fit into your overall investment plan, the implications of withdrawing from a Qualified OZ fund, uncovering opportunities with debt including basis issues, and the benefits of carried interest.Listen to the other podcasts in our OZ Fund Series:Part 1 – Opportunity Zone OverviewPart 2 – Opportunity Zone Impact on Real EstatePart 3 – Operating a Qualified Opportunity Zone Business ("QOZB")Part 4 – Meeting the Tests for a Qualified Opportunity Zone Business ("QOZB")Part 5 – Optimizing Alternative Capital Sources

Join Ron Wainwright, Partner and Leader of the Firm's Credits & Accounting Methods practice, and Peter Byford, NMTC Program Senior Manager with Tax Advantage Group by Cherry Bekaert, for a discussion on capital formation. They will analyze the traditional OZ capital stack, highlight the potential synergy with New Market Tax Credits and other additional credits, and examine the implications of social impact investing.Listen to the other podcasts in our OZ Fund Series:Part 1 – Opportunity Zone OverviewPart 2 – Opportunity Zone Impact on Real EstatePart 3 – Operating a Qualified Opportunity Zone Business ("QOZB")Part 4 – Meeting the Tests for a Qualified Opportunity Zone Business ("QOZB")Part 6 – Panel Discussion: Opportunities & Pitfalls in Your Opportunity Zone ("OZ") Structuring

Join Michael Elliot, Tax Director, and Russ Nash, former Tax Senior Manager, for a deep dive on the five basic tests required for a business to qualify as a QOZB: A trade or business for which substantially all (70 percent) of its tangible property (owned or leased) is QOZB propertyAt least 50 percent of the business's total gross income must be derived from the active conduct of a business in the QOZA substantial portion (40 percent) of the business's intangible property is used in the active conduct of the QOZBNon-qualified financial property must be less than 5 percent of the average of the aggregate unadjusted basis of the business's property “Sin” businesses are prohibited Listen to the other podcasts in our OZ Fund Series:Part 1 – Opportunity Zone OverviewPart 2 – Opportunity Zone Impact on Real EstatePart 3 – Operating a Qualified Opportunity Zone Business ("QOZB")Part 5 – Optimizing Alternative Capital SourcesPart 6 – Panel Discussion: Opportunities & Pitfalls in Your Opportunity Zone ("OZ") Structuring

Join Daniel Metzel, Tax Partner, and Greg Davis, Tax Partner, for an overview of the requirements of establishing and operating a Qualified Opportunity Zone Business ("QOZB"). They will break down the intent of the final regulations, the pros, and cons of a one tier versus a two-tier structure, and the applicable testing restrictions.Listen to the other podcasts in our OZ Fund Series:Part 1 – Opportunity Zone OverviewPart 2 – Opportunity Zone Impact on Real EstatePart 4 – Meeting the Tests for a Qualified Opportunity Zone Business ("QOZB")Part 5 – Optimizing Alternative Capital SourcesPart 6 – Panel Discussion: Opportunities & Pitfalls in Your Opportunity Zone ("OZ") Structuring

Join Mark Cooter, Partner and Real Estate & Construction Industry Practice Leader, and Shannon Makosiej, Tax Senior Manager, for a discussion on how the newly released Opportunity Zone (“OZ”) final regulations impact real estate specifically. They will highlight the recent law changes finalized by the U.S. Treasury which resolve some ambiguity and provide clarity around issues such as the substantial improvement requirement, original use and triple net leases.Listen to the other podcasts in our OZ Fund Series:Part 1 – Opportunity Zone OverviewPart 3 – Operating a Qualified Opportunity Zone Business ("QOZB")Part 4 – Meeting the Tests for Operating a Qualified Opportunity Zone Business ("QOZB")Part 5 – Optimizing Alternative Capital SourcesPart 6 – Panel Discussion: Opportunities & Pitfalls in Your Opportunity Zone ("OZ") Structuring

Join Richard Schneider, Partner and Chairman of Cherry Bekaert's OZ Task Force Team and Polly Hoxha, Senior Manager and Cherry Bekaert's OZ Champion for Washington D.C., as they kick off our six-part series on the Opportunity Zone ("OZ") regulations which will address fund level topics. Our first podcast series focused on OZ investor incentives and provided insight on key topics that investors need to know. You can catch up with our Investor Series podcast here. Stay tuned for the remaining five podcasts in our OZ Fund Series:Part 2 – Opportunity Zone Impact on Real EstatePart 3 – Operating a Qualified Opportunity Zone Business ("QOZB")Part 4 – Meeting the Tests for a Qualified Opportunity Zone Business ("QOZB")Part 5 – Optimizing Alternative Capital SourcesPart 6 – Panel Discussion: Opportunities & Pitfalls in Your Opportunity Zone ("OZ") Structuring"

Join Ron Wainwright, Partner and Leader of the Firm's Credits & Accounting Methods practice, and Jason Hoard, Tax Partner, for a discussion on what we're seeing nationally with respect to Opportunity Zone ("OZ") investments, particularly in the light of COVID-19. They discuss how the current economic conditions have affected OZ investments and provide insight to possible relief. In addition, they will cover qualified opportunity fund exit strategies.  This is the final in a series of four podcasts for investors highlighting the updated regulations and future implications of this program. 

Part One of our Opportunity Zone (OZ) Series we provided an overview of the OZ incentives and Part Two discussed the capital gains tax incentives. In Part Three we dive into the triggering events that you should avoid in order to meet the guidelines under the OZ regulations. Join Cherry Bekaert's Mark Cooter, partner, and Shannon Makosiej, senior manager, for a review of events that investors should avoid in order to keep the deferred gain deferred in a qualified opportunity fund (QOF). They will also provide examples of these type of inclusion events to further outline what investors should not be doing during the holding period. Also, stay tuned for the last and final podcast in this series the week of April 13 on final post 10-year dispositions and how it affects investors.

Part One of our Opportunity Zone (OZ) Series we provided an overview of the OZ incentives and discussed the final regulations of this program. Part Two will dive deeper into the capital gains tax incentives and the importance of timing as it relates to the rules of the program.Join Cherry Bekaert's Catherine Bazley, partner, and Michael Elliot, director, for a conversation specifically for investors and when you should consider an OZ investment. They will also provide examples to further outline the importance of timing these investments. Stay tuned for the remaining two OZ podcasts:Part 3 – Key inclusion events – week of March 30Part 4 – Final post 10-yr dispositions and how it affects investors – week of April 13

The Opportunity Zone (OZ) tax incentives provide investors with an opportunity to defer recognition of gains on sales of assets, permanently reduce a portion of the deferred gain to be recognized and permanently exempt any future gain with respect to reinvested proceeds. Join Richard Schneider, Partner and Chairman of Cherry Bekaert's OZ Task Force Team and Polly Hoxha, Senior Manager, for a discussion on OZ incentives for investors. This is the first in a series of four podcasts highlighting the final regulations of this program.Below is the schedule and topics for the remaining three OZ podcasts:Part 2 – Gains and Timing of being able to invest – week of March 16Part 3 – Key inclusion events – week of March 30 Part 4 – Final post 10-yr dispositions and how it affects investors – week of April 13