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Private equity firm pays $15M for Delray Beach apartments

Private equity firm pays $15M for Delray Beach apartments
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Denver metro area broker helps investors use Opportunity Zones to stop gentrification


Denver metro area broker helps investors use Opportunity Zones to stop gentrification
A Denver metro area broker is helping investors use Opportunity Zones to stop gentrification.
and last updated 2021-04-15 10:01:10-04
AURORA, Colo. — As Colorado continues to grow, developers and investors are searching for ways to take advantage of Opportunity Zones.
Opportunity Zones are economically distressed neighborhoods identified by the federal government as areas where investors may be eligible for tax incentives for choosing to invest in those neighborhoods.
“Traditionally, what you normally see is investors will come in and scrape the old buildings to build brand new luxury homes and brand new apartment buildings, which is great but then sometimes triggers the negative side effect of gentrification,” said Keller Williams Commercial Real Estate broker Michelle Thomas. “Then, people that live there can no longer afford to live in the neighborhoods ....

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