Jun 26, 2023
Opportunity Zones 101
What are they? Where are they? Why are they important? How can they save real estate investors money? Listen in as special guest, Ashley Tison shares the power of Opportunity Zones to generate positive social impact alongside risk-adjusted returns.
Opportunity Zones are designated areas in the United States where real estate investments can qualify for tax incentives under the Opportunity Zone program. These areas are typically economically distressed and low-income communities, and the goal of the program is to encourage investment and economic development in these areas. Investors who invest in Opportunity Zones can receive tax benefits, including deferral of capital gains taxes, reduction of those taxes if the investment is held for a certain period of time, and elimination of capital gains taxes on any profits earned from the investment. The program was created as part of the Tax Cuts and Jobs Act of 2017, and it is intended to promote long-term investment and economic growth in underserved communities.
Ashley Tison (magna cum laude University of North Carolina
and University of North Carolina at Chapel Hill School of Law) is a
practicing attorney and experienced entrepreneur responsible for the
founding and growth of numerous enterprises across a wide array of
industries. As co-founder of OZPros.com, he has built a team uniquely
positioned to handle the acquisition and securities, real estate, and tax
nuances that are inherent in Opportunity Zone deals. Passionate about
helping ALL business owners learn to harness the value of Opportunity
Zones, Mr. Tison has become a highly sought-after expert nationally and
brings perspective as an entrepreneur, investor, and consultant to the
Opportunity Zones space.
Prior to OZPros, Mr. Tison practiced law, handling real estate acquisition
and development across numerous asset classes, and representing
fund managers operating in the private equity space. He has conducted
numerous M&A and roll-up transactions, both as a lawyer and as an
intermediary/consultant. Mr. Tison previously served as in-house
counsel to a commercial real estate developer and tenant-in-common
syndication manager, where he oversaw the successful raise and
deployment of numerous opportunity funds.
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