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Luxury developer seeks federal tax breaks - WSLR+Fogartyville

Luxury developer seeks federal tax breaks - WSLR+Fogartyville
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PTM Partners Acquires Florida Site for Rental | MultifamilyBiz.com

SARASOTA, FL - PTM Partners, a leading real estate investment management and development firm with award-winning projects across Florida and the DC Metro, has acquired a two-acre Qualified Opportunity Zone parcel at 520 Payne Parkway in Sarasota, Florida to be developed into a 120,000-square foot, mixed-use community with rentals and retail.
PTM plans to deliver 50 for-rent townhomes, consisting of a mix of three- and four-story units with three bedrooms and private rooftop terraces. The. ....

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Opportunity Zone Investors Rush to Meet 2021 Deadlines

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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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