Updates
June 14, 2019

The OZ Digest is a regular update from the Polsinelli Opportunity Zones team. Our goal is to share everything opportunity zone (OZ) related from our team including firm and regulatory updates, events and thought leadership from our attorneys on the practical application of these evolving regulations. To view the full digest, please click here.

OZ Tip

June 28 represents the last date that a capital gain from the 2018 calendar year of a flow thru entity or the capital gain from a “1231 Property” can be invested in a Qualified Opportunity Fund (QOF).

5 Key Takeaways on the Second Round of Opportunity Zone Regulations

In response to the Treasury’s guidance, the Polsinelli Opportunity Zone team hosted a webinar to provide commentary on the second round of Proposed Regulations. A summary of five key takeaways is included, with a link to the full webinar.
 
In case you missed the webinar, the recording is available here.
 
Additional resources from the webinar are available here.

Market Spotlight
  • Polsinelli is recognized as one of the Big Law firms with an opportunity zone team, read more here.
  • Shareholder Korb Maxwell was quoted in Costar News in discussing leased property in opportunity zones. To read the article, click here.
  • Shareholder Debbie Klis wrote “Get in the Zone: A Primer On Forming Qualified Opportunity Funds.” OZ Magazine, Vol. 1, Issue 1. Click here to read.
  • New York Office Managing Partner Dan Flanigan joins Michael Stoler on the Stoler Report to discuss the ins and outs of Opportunity Zones and their potential benefits. To view the video, click here.