National Cheat Sheet: RXR Realty launches $500M fund, McDonald’s plans $6B in upgrades … & more

RXR Realty launching a new $500M fund that will target “opportunity zones” Last year, the tax code passed by Republicans in Congress set up an “opportunity zone” program that lets investors either defer or avoid capital gains taxes if they invest in low-income neighborhoods, and it appears the new initiative presented RXR Realty with an opportunity of its own. The real estate developer plans to launch a $500 million fund that would invest in the […]

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