Worcester Telegram quotes Matthew Morris in “‘Opportunity zones’ may boost investment in Worcester neighborhoods”
“Opportunity zones,” a new financial tool, could help propel outside investment dollars to Worcester, according to real estate experts.
Says attorney Matthew Morris in the Worcester Telegram article “‘Opportunity zones’ may boost investment in Worcester neighborhoods”:
Opportunity zone investing could appeal to an individual property owner buying an adjacent parcel or building in a zone, according to Matthew A. Morris, a lawyer with Bowditch & Dewey in Framingham. Traditional private equity fund investors, who have experience with investment funds, are interested, too, he said.
Investments in opportunity zone funds are not risk-free, however.
“The challenge might be establishing trust in the fund manager and establishing confidence that a particular geographic area will be thriving in 10 years,” said Mr. Morris.
Continue reading “‘Opportunity zones’ may boost investment in Worcester neighborhoods” on the Worcester Telegram website.
Categorized: Real Estate, Taxes
Tagged In: opportunity zones, real estate, tax planning