Edmon Rakipi, principal at Opp Zone Capital, shares why he expects the Opportunity Zone Program to revitalize some of the hardest-hit real estate sectors going forward.
It is important to note the $10 billion is reported and projected to only be a third of true investments. In fact, CEA has stats saying the number is $75 billion. Furthermore, $6 trillion was the projected amount of capital gains available nationwide, not the number they thought would pour into the OZ space. This is similar to saying “the total market capitalization of all publicly traded companies in the world was $51.2 trillion, so we’re launching a new product and projecting a $52 trillion investment.