{"id":21871,"date":"2019-03-25T05:00:51","date_gmt":"2019-03-25T12:00:51","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=21871"},"modified":"2026-02-22T15:28:07","modified_gmt":"2026-02-22T23:28:07","slug":"investment-tax-incentive","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/investment-tax-incentive\/","title":{"rendered":"Investment Tax Incentive"},"content":{"rendered":"<p>A new white paper from <a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noopener\">Yardi Matrix<\/a> offers insight into the impact of a U.S. real estate investment tax incentive.<img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-21873\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2019\/03\/shutterstock_272289068-300x200.jpg\" alt=\"Washington D.C. is one of the cities with the most multifamily units under construction thanks to the opportunity zone program\" width=\"450\" height=\"301\" \/><\/p>\n<p>Tax reform passed in December 2017 designated more than 8,700 low-income \u201copportunity zones\u201d where capital gains taxes may be lowered or eliminated depending on how long an investment is held. Opportunity zones encompass about 10% of the U.S. population and 12% of the country\u2019s land.<\/p>\n<p>The white paper notes that opportunity zones have attracted intense interest from real estate investors because they \u201cdraw from a new base of largely untapped investors\u201d and offer value-add opportunities in \u201cnew markets that were thought to be too small or risky as investment strategies.\u201d<\/p>\n<p>Among the opportunity zone facts reported in the white paper:<\/p>\n<ul>\n<li>9 million multifamily units, 960 million square feet of office space and 180 million square feet of self storage space are either in place or under construction<\/li>\n<li>The development pipeline\u2014projects approved but not begun\u2014includes another 450,000 multifamily units, 120 million square feet of office space and 12 million square feet of self storage space<\/li>\n<li>As a percentage of total space, properties in place or under construction in opportunity zones represent 13.1% of total multifamily units nationwide, 13.7% of total office space and 11.4% of total self storage space<\/li>\n<li>Ground-up development is likely to be a major focus of opportunity fund capital, since the law requires investors to significantly increase the basis of assets purchased. For properties in place, that would mean buildings in need of wholesale improvements, limiting the pool of assets that would qualify<\/li>\n<li>Washington, D.C., Phoenix and Brooklyn, N.Y., have the most multifamily units in place and under construction<\/li>\n<li>Houston, Detroit and Portland, Ore., are the leaders in office square feet in place and under construction<\/li>\n<li>Metros with the most planned and prospective self storage space are Richmond, Va., Phoenix and California\u2019s Inland Empire<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.yardimatrix.com\/Media\/Downloads\/File\/640-BigOpportunityforInvestorsMar2019?signup=false\" target=\"_blank\" rel=\"noopener\">Learn more<\/a> about this still-developing investment vehicle in the white paper, titled \u201cThe Big Opportunity for Investors in Opportunity Zones.\u201d<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new white paper from Yardi Matrix offers insight into the impact of a U.S. real estate investment tax incentive. Tax reform passed in December 2017 designated more than 8,700 low-income \u201copportunity zones\u201d where capital gains taxes may be lowered or eliminated depending on how long an investment is held. Opportunity zones encompass about 10% [&hellip;]<\/p>\n","protected":false},"author":610,"featured_media":21873,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2791,4],"tags":[41,29,2649,2650,1169],"class_list":["post-21871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matrix","category-news","tag-development","tag-multifamily","tag-opportunity-zones","tag-tax-incentives","tag-yardi-matrix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"A new white paper from Yardi Matrix offers insight into the impact of a U.S. real estate investment tax incentive. Tax reform passed in December 2017\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment Tax Incentive\" \/>\n<meta property=\"og:description\" content=\"A new white paper from Yardi Matrix offers insight into the impact of a U.S. real estate investment tax incentive. 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