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McGuireWoods: Gerald Thomas Explains Why Opportunity Zone Investments May Appeal to Real Estate Investment Trusts

Aug 05, 2019 - Targeted News Service

McGuireWoods, a law firm, issued the following news release:

Amid the quickening pace of investment in "opportunity zones" a tax-savings economic development tool in the 2017 federal tax code rewrite McGuireWoods Atlanta partner Gerald Thomas II said in a recent interview that real estate investment trusts (REITs) may find them useful.

Investors now can defer or reduce capital gains taxes on the sale of investments in economically challenged areas the government has designated as opp...