REITs View Opportunity Zones as Source of Long-Term Capital for Development, Lawyer Says

David Levy, partner, tax, at Skadden, participated in a video interview at Nareit’s REITwise: 2019 Law, Accounting & Finance Conference in San Antonio.

Levy moderated a panel at REITwise on REITs and opportunity zones. He noted that so far, REITs have approached opportunity zones as a source of long-term capital for development projects. In cases where like-kind exchanges don’t work, some REITs that are looking to reposition their portfolios are considering opportunity zone investments on their own, he said.

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