Opportunity Zones Podcast

Opportunity Zones Podcast

opportunitydb.com/podcast
Weekly show featuring interviews with opportunity zones professionals and experts. If it impacts opportunity zones or the opportunity funds industry, we cover it here.


The First Venture Capital Opportunity Zone Fund, with Brian Phillips (Episode #56)
Oct 9 • 35 min
It’s been nearly six months since the IRS issued its second tranche of regulatory guidance on Qualified Opportunity Funds. How are business Opportunity Zone funds proceeding? Brian Phillips is managing partner of The Pearl Fund, the first Opportunity Zone…
Revitalizing America’s Poorest ZIP Code with Opportunity Zone Capital, with John Persinger and Matt Wachter (Episode #55)
Oct 2 • 43 min
Erie, Pennsylvania is home to the nation’s poorest ZIP code, and the nation’s first organization dedicated to promoting a municipality’s Opportunity Zones. Erie Downtown Development Corporation is led by CEO John Persinger and VP for finance and…
Listener Questions: Options for Existing OZ Property Owners (Episode #54)
Sep 25 • 27 min
You’ve got Opportunity Zone questions. We’ve got Opportunity Zone answers. This is the inaugural edition of Opportunity Zones Podcast Listener Questions. Today’s listener questions deal with options for existing Opportunity Zone property owners,…
Opportunity Zone Deal Packaging and Capital Raising, with Gabriel Fernandez (Episode #53)
Sep 18 • 46 min
What are some best practices for packaging an Opportunity Zone real estate deal and raising capital from investors? What are some examples of good deals and bad deals? Gabriel Fernandez is a real estate investment manager in Brooklyn, NY. Show notes and…
The Big Problem with Opportunity Zones, with Thomas Morgan (Episode #52)
Sep 11 • 35 min
Is there a big problem with the Opportunity Zones program? Thomas Morgan is a real estate developer, broker, and investor who specializes in impact investing and 1031 exchange strategies. On today’s episode, we discuss the recent New York Times article…
Developing OZ Owner Occupied Housing on a Massive Scale, with NeighborBuilt (Episode #51)
Sep 4 • 46 min
Is the development of owner occupied housing on a massive scale achievable in blighted Opportunity Zone neighborhoods? First, you have to shock the system. Daniel Edwards and Ebony Edwards are founders of Kansas City-based Opportunity Zone development…
The QOZB That Combines Entertainment and Real Estate: Hotbed Entertainment Group (Episode #50)
Aug 28 • 43 min
How can real estate and a unique entertainment product combine into a Qualified Opportunity Zone Business to deliver long-lasting social impact and job creation? Todd Perlmutter is CEO of Hotbed Entertainment Group. He previously spent 19 years at Blue…
Chris Rawley: Agriculture Investing in Opportunity Zones (Episode #49)
Aug 21 • 30 min
How can agribusiness capitalize on the Opportunity Zones program? Chris Rawley is founder and CEO of Fort Worth, TX-based Harvest Returns, an investment firm that facilitates capital raises for small- to medium-sized farmers. They launched the Sustainable…
Nick Andrews: Renewable Fuel Production in Opportunity Zones (Episode #48)
Aug 14 • 39 min
Can Opportunity Zones be leveraged for biorefinery development and renewable fuel production? Nick Andrews is founder and CEO of Scottsdale, AZ-based USA BioEnergy, a multi-disciplinary company with experience in real estate development and renewable…
Valerie Grunduski: QOF Tax Accounting Considerations (Episode #47)
Aug 7 • 35 min
What are some of the most important tax accounting considerations when forming an Opportunity Zone Fund? Valerie Grunduski is a real estate tax accounting specialist and leads Plante Moran’s Opportunity Zones practice. Show notes and transcript on…
Jonathan Miller: Fees for Opportunity Zone Funds (Episode #46)
Jul 31 • 49 min
What are the different layers of fees that Opportunity Zone investors should be aware of? And how much can investors expect to pay in fees to Qualified Opportunity Funds? Jonathan Miller is president and CEO of Parsonex Enterprises, a financial services…
Emerald Coast OZ: Strategies for Collaborative Rural & Tribal Investment (Episode #45)
Jul 24 • 44 min
Much of rural America has been left behind in the economic recovery that has transpired since the Great Recession. Can Opportunity Zone investing reverse that trend? The Emerald Coast Opportunity Zone in northwest Washington state is a unique group of…
Taylor Lembi: How OZs Can Address the Housing Crisis (Episode #44)
Jul 18 • 40 min
Can Opportunity Zones address the nation’s housing crisis? Show notes and transcript at OpportunityDb.com
Anu Varadharajan & Michelle Thompson: Academia’s Role in Opportunity Zones (Episode #43)
Jul 16 • 46 min
Are colleges and universities an untapped resource for Opportunity Zone development? Plus, what can we expect to learn from the census tract level sales transaction data that the Mastercard Center for Inclusive Growth is releasing later this month? Anu…
Recap of the July 9 IRS Hearing on Opportunity Zones (Episode #42)
Jul 11 • 41 min
On Tuesday, July 9, the IRS held a public hearing on Qualified Opportunity Funds. Who spoke at the hearing and what are some of the biggest issues that the IRS needs to clarify? Full recap available at OpportunityDb.com
July 9 IRS Hearing on Qualified Opportunity Funds (Full Hearing)
Jul 10 • 293 min
Full audio recording of the July 9 IRS public hearing on proposed regulations: “Investing in Qualified Opportunity Funds” [REG-120186-18]. Recorded live on site at the IRS New Carrollton Federal Building Auditorium on July 9, 2019, beginning at 10:00 a.m.…
Kevin Shields: Strategies for Maximizing Opportunity Zone Returns (Episode #41)
Jul 8 • 47 min
What are some strategies for maximizing Opportunity Zone investment returns? What should investors be aware of and what pitfalls should they avoid? Kevin Shields is founder, chairman, and CEO of Griffin Capital, an alternative investment firm with over…
Quinn Palomino: The First Opportunity Zone Fund, One Year Later (Episode #40)
Jul 2 • 53 min
It’s been one year since Virtua Partners launched the very first Qualified Opportunity Fund. Since then, they have raised $100 million, roughly half of which has already been deployed; they’ve broken ground on numerous projects, and have a pipeline of…
Reid Thomas: Third-Party Administration for OZ Funds (Episode #39)
Jun 27 • 39 min
Should Qualified Opportunity Funds best practices include third-party administration? And what are some Opportunity Zone trends being noticed by the industry’s largest service provider? Reid Thomas is executive vice president and general manager of NES…
Justin Wolk: The Biggest Problem with Opportunity Zones (Episode #38)
Jun 25 • 52 min
What is the biggest problem in the Opportunity Zone space today? And why is there pushback from potential investors with capital gains? Justin Wolk is a capital advisor for StackSource, a New York City-based real estate technology company that connects…
Jessica Millett: QOF Formation Legal Considerations (Episode #37)
Jun 19 • 44 min
What are some of the most important legal considerations when forming an Opportunity Zone Fund? What are some of the pros and cons of corporation, partnership, REIT, and synthetic fund structures? Jessica Millett is partner, chair, and “Wizard of OZ” of…
Ashley Tison: Operating Business OZ Fund Strategies (Episode #36)
Jun 17 • 49 min
The second tranche of regulations that were published two months ago clarified many questions regarding opportunity zone businesses. What are some strategies for operating business investment that OZ funds should consider? M&A attorney Ashley Tison is…
Shay Hawkins: The OZ Fund Trade Group Aiming to Renew the Program (Episode #35)
Jun 12 • 57 min
Why does a trade association for Qualified Opportunity Funds want more data collection and reporting? And could the Opportunity Zone program be renewed at some point in the future? Senator Tim Scott’s former tax adviser, Shay Hawkins is founder and…
Sasha Favelukis: Activating OZ Communities with Business Container Parks (Episode #34)
Jun 10 • 62 min
How can incubating local businesses in shipping containers achieve Opportunity Zone community activation and gentrification without displacement? Sasha Favelukis is founder of CoPlace, a San Diego-based investment and advisory firm that specializes in…
Clint Myers: Rise of the Rest and OZ Office Real Estate (Episode #33)
Jun 5 • 33 min
Will office real estate be the driver for much of the economic growth across the nation’s Opportunity Zones? Clint Myers is partner at Revolution’s Rise of the Rest, a seed fund that invests in startups located outside of locations that traditionally…
Chris Loeffler: The OZ Fund that Raised $40 Million in 5 Months (Episode #32)
Jun 3 • 25 min
Are Opportunity Zone Funds actually raising any money yet? Chris Loeffler is co-founder and CEO of Caliber, an Arizona-based alternatives investment management firm that was among the first to launch a Qualified Opportunity Fund last year, a fund which…
Scott Turner: The White House’s Vision for Opportunity Zones (Episode #31)
May 29 • 25 min
How can the resources of the Federal government be leveraged to help deliver generational impact to Opportunity Zone communities? Scott Turner is the newly appointed executive director of the White House Opportunity and Revitalization Council — a group of…
John Lettieri: Opportunity Zones and Economic Dynamism (Episode #30)
May 22 • 46 min
How was the Opportunity Zones initiative created in the first place? And why is this program so radically different from previous place-based policies? John Lettieri is co-founder and president of the Economic Innovation Group, a Washington, DC-based…
Tony Chereso: OZs as Portfolio Diversifiers (Episode #29)
May 20 • 45 min
How can retail investors access alternative investments typically reserved for institutional investors? And where do Opportunity Zones fit into the universe of portfolio alternatives? Washington, DC-based Tony Chereso is president and CEO of the Institute…
Lennox Jackson: Developing in Chicago’s Opportunity Zones (Episode #28)
May 16 • 30 min
Chicago is home to 133 opportunity zones. But which neighborhoods on Chicago’s West and South Sides have the greatest levels of redevelopment need? And what are some of the challenges of acquiring capital for building in low-income communities? Lennox…
Lennox Jackson: Why Gentrification Is a Good Thing (Episode #27)
May 15 • 28 min
Lennox Jackson is founder and CEO of Urban Equities, a Chicago-based real estate developer and advisor that specializes in residential, retail, and commercial projects. Note: this is Part 1 of my conversation with Lennox. Listen to the next episode for…
Steve Schneider: Common OZ Legal Questions (Episode #26)
May 8 • 40 min
What are some of the most common Opportunity Zones legal questions and issues when it comes to starting or investing in a Qualified Opportunity Fund? Attorney and accountant Steve Schneider is the head of the passthroughs law group at Baker McKenzie, the…
Beth Van Duyne: HUD’s Role in Opportunity Zones (Episode #25)
May 1 • 33 min
What can the public sector do to magnify the impact of private investment in Opportunity Zones? And specifically, what policy levers is the Department of Housing and Urban Development able to pull? Beth Van Duyne is a former mayor of Irving, TX and…
Maria Rivera: OZ Investing in Puerto Rico (Episode #24)
Apr 24 • 53 min
Nearly the entire island of Puerto Rico lies in an opportunity zone. But what are some additional taxpayer benefits to investing in Puerto Rico, now a year and a half removed from the destruction of Hurricane Maria? María de los Angeles Rivera is head of…
Tony Nitti: Takeaways from the New OZ Regulations (Episode #23)
Apr 22 • 64 min
Tony Nitti is an Aspen-based real estate tax law expert, CPA, and tax services partner at RubinBrown. Additionally, he serves on the editorial advisory board for The Tax Adviser. And he’s also a regular contributor at Forbes.com, where his latest article…
Chris Paganelli: How to Assess OZ Funds (Episode #22)
Apr 17 • 31 min
Chris Paganelli is a San Francisco Bay Area-based financial advisor at wealth management firm Stifel. He advises high net worth clients on tax strategy, wealth preservation, and portfolio management. Stifel launched a qualified opportunity fund earlier…
Treasury’s Daniel Kowalski: Upcoming IRS Regulations on QOFs (Episode #21)
Apr 15 • 32 min
The long awaited second tranche of IRS regulatory guidance on Qualified Opportunity Funds will produce a set of principles and safe harbors that will give investors the ability to move forward. The best part? One senior Treasury official has said that…
Jill Homan: Community Development in Opportunity Zones (Episode #20)
Apr 10 • 50 min
How has the Opportunity Zones program opened up community development to a different class of investors? And how will revitalization projects impact OZ communities? Jill Homan is founder and president of Javelin 19 Investments, a Washington DC-based…
Stefan Schimenes: Using AI to Improve OZ Investing (Episode #19)
Apr 3 • 45 min
Former AirBNB executive Stefan Schimenes founded InvestReal last month with a mission to create the first data-driven real estate marketplace for Opportunity Zones, using AI to support investment decisions with data from numerous sources. Show notes and…
OZ Framework: Measuring Impact in Opportunity Zones (Episode #18)
Mar 27 • 49 min
John Cochrane is senior associate at the U.S. Impact Investing Alliance, which recently created the Opportunity Zones Reporting Framework in partnership with the Beeck Center for Social Impact + Innovation.Show notes and transcript on OpportunityDb.com
Activated Capital: Blockchain Technology for OZ Investing (Episode #17)
Mar 20 • 39 min
Josh Burrell and Lane Campbell at Activated Capital have an opportunity zone fund that may become one of the first to make use of a security token offering utilizing blockchain technology.Show notes and transcript on OpportunityDb.com
Loren Schirber: Triple Bottom Line Returns in OZs (Episode #16)
Mar 13 • 51 min
Loren Schirber is project pipeline manager for Minnesota Opportunity Zone Advisors, which recently started raising capital for their DREAM Fund. DREAM stands for “Developing Real Estate in Emerging Areas of Minnesota.” The fund is a Qualified Opportunity…
Launch Pad: Coworking Hubs & Startups in OZs (Episode #15)
Mar 6 • 47 min
The husband-wife team of CEO Chris Schultz and president Anne Driscoll are on a mission to create the world’s strongest community of entrepreneurial workers.Show notes and transcript on OpportunityDb.com
Erin Gillespie: Community-Driven OZ Investing (Episode #14)
Feb 27 • 42 min
Erin Gillespie is principal at economic development consulting firm Madison Street Strategies and former deputy chief of staff for Florida’s Department of Economic Development Opportunity.Show notes and transcript at OpportunityDb.com
The IRS Hearing on Opportunity Zones: A Complete Recap (Episode #13)
Feb 20 • 39 min
Last Thursday, February 14, the IRS Auditorium in Washington DC was packed to capacity with over 200 attendees as stakeholders spoke during the public hearing on proposed regulations: “Investing in Qualified Opportunity Funds” (REG-115420-18).For the most…
Craig Bernstein: Opportunity Zone Deal Flow (Episode #12)
Feb 13 • 48 min
What does Opportunity Zone deal flow actually look like at the deal level, fund level, and investor level? And which Opportunity Zones are seeing the greatest amount of deal flow? Craig Bernstein is principal at OPZ Bernstein, which recently launched the…
Thomas Morgan: Income, Impact, and Return in Opportunity Zones (Episode #11)
Feb 6 • 28 min
Real estate broker, developer, investor, and impact investing expert Thomas Morgan joins me today to discuss this topic and more.Note: this is Part 2 of my conversation with Thomas. If you missed it, go to the previous episode for Part 1, where we discuss…
Thomas Morgan: 1031 Exchanges vs. Opportunity Zones (Episode #10)
Feb 6 • 25 min
Real estate broker, developer, investor, and 1031 expert Thomas Morgan joins me today to discuss these topics and more.Note: this is Part 1 of my conversation with Thomas. Go to the next episode for Part 2, where we discuss impact investing in opportunity…
Rich Rogers: Twinning Historic Tax Credits & Opportunity Zones (Episode #9)
Jan 30 • 43 min
The place-based nature of the Opportunity Zones program makes it ideally suited to be paired with the Historic Tax Credit. The HTC is a 40+ year old tax policy that encourages private sector investment in the rehabilitation and re-use of historic…
Gerry Reihsen: Creating Positive Social Impact in Opportunity Zones (Episode #8)
Jan 23 • 66 min
Dallas-based entrepreneurial business attorney Gerry Reihsen is out to answer those questions (and more) with his new endeavor — Coasis Coalition, an organization that will offer solutions and create community among those interested in participating in…
Colorado Outdoors: Rural OZ Community Revitalization (Episode #7)
Jan 16 • 44 min
What does a rural opportunity zone revitalization project look like? And how can public-private partnerships help to accelerate a community’s renewal? The Colorado Outdoors project in Montrose County offers an excellent case study to answer these…
Allen Alley: Solar Energy Development in Opportunity Zones (Episode #6)
Jan 9 • 47 min
Allen Alley is a technology investor, former Republican candidate for governor of Oregon, and co-founder of the Obsidian Opportunity Fund. Obsidian’s fund applies opportunity fund investing to renewable energy, and solar in particular. Allen has a vision…
Greg Genovese: Project-Driven OZ Funds (Episode #5)
Jan 2 • 56 min
Greg Genovese is president of Seattle-based Sound West Realty Capital, a full-service real estate firm raising funds for a re-development project in Bremerton, Washignton. Greg and I discuss what investors should look for in any opportunity zone…
Vijar Kohli: Small Business Investing in Opportunity Zones (Episode #4)
Dec 19, 2018 • 35 min
Vijar Kohli is co-founder and portfolio manager at Golden Door Asset Management, a micro private equity firm that recently started an opportunity zone fund focused on recapitalizing small businesses in the northeast corridor between Baltimore and…
DJ Van Keuren: Family Office Opportunity Zone Investing (Episode #3)
Dec 12, 2018 • 46 min
DJ Van Keuren literally wrote the book on family office real estate investing. He is also a member of the Forbes Real Estate Council, founder of the Family Office Real Estate Institute, and vice president of family office capital for the Hayman Family…
David Sillaman: Tips for Creating an OZ Fund (Episode #2)
Dec 5, 2018 • 50 min
David Sillaman is an expert business consultant who knows how to sweat the details when it comes to creating a new opportunity zone fund. He has a ton of tips to share. And while the majority new OZ funds have so far focused on real estate, David sees…
Tony Nitti: Opportunity Zones Tax Benefits and Unintended Consequences (Episode #1)
Nov 28, 2018 • 56 min
Self-described “codehead” Tony Nitti is a real estate tax law expert, CPA, and partner at WithumSmith+Brown. He also serves on the editorial advisory board for The Tax Adviser. And he’s a contributor at Forbes.com, where he recently published a thorough…
Introduction to the Opportunity Zones Podcast
Nov 27, 2018 • 1 min
How much do you know about opportunity zones? Maybe you know the basics — that the opportunity zones program is an economic policy intended to revitalize some of the most economically distressed areas of the country, and that to encourage investment in…