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Rxr Seeks $500M For Fund That Benefits From New Tax Break | National Real Estate Investor

by nreionline.com posted 1year ago 95 views
The fund will target developments in “opportunity zones.”: (Bloomberg)—RXR Realty is planning to start a fund targeting projects in low-income neighborhoods that are now eligible for breaks created by last year’s federal tax overhaul. The fund will target developments in “opportunity zones.” Qualified funds that invest in eligible projects in the zones can defer, avoid or reduce capital gains taxes.

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