Normandy Real Estate launches $250M Opportunity Zone fund

Another real estate investor is taking advantage of investing in Opportunity Zones. Normandy Real Estate Partners — which once owned Boston’s John Hancock Tower — has started raising a $250 million fund for investments in low-income areas, Bloomberg reported. The company is looking to invest in the Northeast. The provision for Opportunity Zones was part of the tax law overhaul.  The areas can be an attractive option for reinvesting capital gains while deferring taxes. If […]

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