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Opportunity Zone funds have seen a boost in recent months, including several in South Florida. From left: Ronald Fieldstone, Scott Meyer, Carlos Rodriguez Jr., Logan Gans, Stevan Pardo, Jaime Sturgis (Twitter, iStock/Illustration by Alexis Manrodt/The Real Deal)
This is a critical year for Opportunity Zone investors.
Real estate developers, property owners and funds have until the end of December to take full advantage of the federal tax-break program, but have also benefited from a Covid-related deadline extension. Though the coronavirus briefly paused Opportunity Zone investment nationwide, backers still poured billions into funds, enticed by the looming deadlines, rising stock market and more recently, an improving overall economy.
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