TAG Industrial Market Watch: January 12, 2019
“The partial government shutdown has caused the IRS to cancel their Jan. 10 scheduled hearing on QOZ (Qualified Opportunity Zones) that were originally announced in October 2018. Investors have expressed need for clarification on specifics and regulation since the announcement, but will now have to hold off until the hearing is rescheduled upon government reopening.
The shutdown also muddies the water for landlords of government-leased space. Experts say January rents should not be an issue, but if the shutdown continues through February there is uncertainty in regards to payment. The General Service Administration Public Building Service building fund is presumed to have sufficient funds for these situations. Even still, the GSA has been halting operations in those buildings and furloughing employees.”
Vice President Invesments
Managing Director- TAG Industrial
MarketWatch – January 10, 2019
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