PCC has partnered with a network of successful and experienced developers, operators and professionals to take advantage of Opportunity Zone investing as established as part of the Tax Cuts and Jobs Act of 2017 . Opportunity Zones(‘OZs’) have attractive tax incentives yet the tax aspect must be secondary as the core value of these deals must be underwritten by the real estate development. In addition, OZs are subject to strict investment requirements, guidelines and timelines established by the IRS and prevailing Tax Code.
Current Opportunity Zones: PCC and its partners have identified a handful Opportunity Zone development projects for multi-family, work force housing, industrial, commercial, urban infill and hospitality among others. Collectively, PCC has established relationships with real developers specializing in each type of project development, operations and management. The projects identified are either owned, controlled and or under negotiation. In general, each project has pro-forma return in the high 20%+ or greater without any of the tax benefits factored in the projected return. With some projects there are additional tax benefits or offsets that increase realized return. It’s worth noting that these projects are not reliant on the tax incentive for realized return. Please see brief description of current opportunities, location and initial equity requirement.
