TAG Industrial Market Watch: March 23, 2019
“Opportunity zones naturally pose a higher risk for potential investors, given their market profiles, but also a higher reward in the long game. There are approximately 8,700 of these economically distressed areas, according to the census tract. Investors will get the most out of the zones if they understand that instead of a yearly financial return, they will benefit instead with appreciation over a 7-10 year long-term hold.
Local government support is extremely valuable in terms of which communities to invest in. While some fear gentrification, reasonable rents that fit with the community housing snapshot that increase with the ideal neighborhood improvements will inevitably come. The goal is for solid communities and better neighborhoods with essential services.
While some investors who plan to or are currently taking advantage of these tax breaks are not doing so for the social return, it is important to remember that Opp Zones were created with community in mind.”
First Vice President Investments
Managing Director- TAG Industrial
I N D U S T R I A L N E W S
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Globe St- March 18, 2019
T E X A S N E W S
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N A T I O N A L N E W S
Local Government Action is Critical in Helping Low-Income Residents Benefit from the Opportunity Zone Program
Missouri Has One Of The Highest Vehicle Property Tax Rates In The Nation