Qualified Opportunity Zones After OBBBA: Expanded and Enhanced Tax Incentives for CRE; New Reporting Requirements

Mr. Lang focuses his tax and corporate project finance practice on tax incentive programs, Qualified Opportunity Zone and Qualified Opportunity Fund financing, tax credits, and related state and federal incentive programs. He is closing over $15 billion of Qualified Opportunity Funds and ancillary Qualified Opportunity Zone deployment of funds and has closed or is structuring several billion dollars in tax credit incentivized transactions. Mr. Lang and his team have accomplished more than 750 QOZ deployments and more than 300 captive QOF formations for high-net-worth individuals and family offices. He represents funds, investors, lenders, community development entities, and for-profit and not-for-profit project sponsors in complex transactions where capital stacks require enhancement through incentive financing, including Qualified Opportunity Zone incentives, state and federal new markets tax credits, affordable housing and low-income housing tax credits, historic rehabilitation tax credits, and renewable energy tax credits. Mr. Lang works with funds, investors, lenders, project sponsors, and qualifying businesses to structure these tax incentive programs along with ancillary governmental and non-governmental financing programs, including inbound immigration and Visa investment programs, grants, and taxable and tax-exempt bonds. 

Ms. Rathbone helps her clients purchase, develop and sell commercial property, navigate securities transactions including private placements of securities, and invest in and develop Qualified Opportunity Zones and Qualified Opportunity Funds. Among her Opportunity Zone clients is a Portland developer who she assisted in launching a $330 million Qualified Opportunity Fund — one of the first and largest in the state. Ms. Rathbone is named by Ozone Magazine as one of the top 25 lawyers in the country for Opportunity Zone work. She is also a nationally known legal counsel to TIC owner groups and has represented more than 150 owner groups since 2008. Additionally, Ms. Rathbone forms, buys and sells businesses, and serves as general counsel for many startups and established businesses. She is a prominent presenter and writer about topics including Opportunity Zones, Real Estate, Securities Structuring, Negotiations, and Tenant-in-Common issues.