source:   pxhere

source: pxhere

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McNally Capital’s experienced Real Estate Industry Partner, Joseph Cahoon, provides key insight in Bisnow’s recent article, “Can Dallas Opportunity Zones Compete for New Development”. In this article, Bisnow, a commercial real estate news source, discusses the potential for Opportunity Zones to transform areas of Dallas County, Texas and offer investors a tax-advantaged and impact-focused investment opportunity.

article Highlights

"We learned very early in our research that no two opportunity zones are alike. . . . Each has its own advantages and challenges, but to borrow the saying from Wayne Gretzky, we are looking to 'skate where the puck is going to be.'"

"Still, the mere presence of an opportunity zone in Dallas or anywhere else doesn’t justify an investment, . . . [y]ou still need strong fundamentals and risk-adjusted returns. There are a number of cities across the U.S. that came out of the recession stronger than before, and Dallas is among them. . ."

"The combination of Dallas' strong job growth, its embrace of the benefits of urbanism and a strong developer community will serve it well to attract long-term, patient capital such as that from family offices. . ."

"When you combine the ability to generate both financial and social impact returns, I believe that many opportunity zones will be attractive to family offices looking to reinvest in communities"

– Joseph Cahoon

Stribling, Dees. "Can Dallas Opportunity Zones Compete For New Development?" Bisnow, 13 Dec 2018. www.bisnow.com/dallas-ft-worth/news/economic-development/can-dallas-opportunity-zones-compete-for-new-development-95963

McNally Capital and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for information purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

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