Multiply Your Returns with Opportunity Zone Funds
Tax efficient investing via Opportunity Zones has never been as attractive as today. The panel will look at how Opportunity Zones have matured and what investors should consider given the recent guidance and final regulations from the IRS. Our experts in tax efficient investing, accounting and fund management will also discuss what Family Offices need to consider when allocating capital to the various Opportunity Zone Funds.
Having a big idea in today's exceptional times, needs to be coupled with exceptional operating partners. Tax efficient investing needs to be aligned with proper planning, so join us to listen to our experts speak about different real estate investment opportunities to supplement this tax efficient structure.
- How has the Opportunity Zone marketplace matured over the last year as the IRS has issued additional guidance and final regulations?
- Investor considerations — in particular family offices and high-net worth individuals
- What are the most important changes in Opportunity Zones for investors to consider?
- How much capital is there on the sidelines?
- What should investors consider when thinking about which long-term capital gains to consider harvesting via Opportunity Zone Funds?
- What are intended and unintended consequences of Opportunity Zones? Give some real world examples of success & failure.
Event Recording
Multiply your Returns with Opportunity Zone Funds
Speakers
Michael D’Onofrio
- Title
- Managing Director @
- Company
- Engineered TaxServices, Inc.
- Role
- Moderator
Michael D’Onofrio is the Managing Director of ETS and sits on the Executive Board. He has had a successful career in finance, energy consulting, and real estate development. Michael has founded numerous successful companies and is a valued member of the team. His strong business drive has added professionalism, consistency and significant growth to the company as a whole as he guides his clients along the path of increased success and missed opportunities for reduced tax liability. He has also mentored many ETS team members to the same success. Michael is originally from Southern Florida and recently relocated to Charlotte, North Carolina with his wife and two small children. They enjoy playing in the great outdoors, mountain biking, hiking, and sports. Michael also enjoys yoga, particularly Bikram Yoga (known as “hot” yoga), and rather than client golf outings, he will happily oblige any ETS clients with an hour of hot yoga instruction!
Lane Lowry
- Title
- Fund Manager @
- Company
- Acqua QOZ Portland
- Role
- Panelist
Lane has 31 years of experience in in all aspects of development from site analysis, acquisition, design, construction and lease up. Lane has completed hundreds of remodel, new home, apartment and new homebuilding communities including large land parcels for merchant home building.
Eric Berman
- Title
- Chief Investment Officer @
- Company
- Lifeafar Capital
- Role
- Panelist
Eric Berman is the Chief Investment Officer of Lifeafar Capital. He oversees investment strategy including acquisitions and development, and plays a key role in leading Lifeafar Capital’s hospitality initiatives.
Eric has spent his career working with a diverse base of investors, owners, lenders and developers of hotel and mixed-use real estate assets. Along the way, he has advised on more than $2 billion of hotel and real estate transactions throughout the U.S. and Latin America. The experiences Eric brings to Lifeafar Capital will be instrumental in the continued success and global expansion of the company.
Eric joined Lifeafar Capital in 2018 following over four years with Berkeley Research Group, where he helped pioneer the firm’s hospitality advisory group and expand its corporate finance efforts in Latin America. He began his career at Deloitte & Touche, LLP, where he provided accounting and advisory services for clients in the financial services, banking, real estate and retail industries, focusing on companies with an aggregate of more than $180 billion in assets and over $10 billion in annual revenues. During his professional career, he has held positions in destinations including New York and Miami, as well as Colombia, Panama, and Mexico.
Born and raised in Philadelphia, PA, Eric was educated at Penn State University – Smeal College of Business, where he earned a bachelor’s degree and a master’s degree in accounting. He has been a licensed Certified Public Accountant since 2013 and holds a certificate in hotel real estate investment and asset management from Cornell University.
Jason Cross
- Title
- Vice President & Investor Relations @
- Company
- Redbrick LMD
- Role
- Panelist
Jason has over 20 years of experience in the financial services, real estate investment/development and government arena. He joined Redbrick LMD in 2016 and leads investor and government relations, assisting the managing partners in capital formation and stakeholder engagement. As a former licensed securities professional, Jason developed a wealth management practice serving high net-worth individuals and families for Fortune 50 financial institutions & investment banks during his career in financial services.
He accepted an invitation to work in the Executive Office of the Mayor of the District of Columbia, serving as Special Assistant to the Mayor and later as Deputy Director of the Walter Reed Local Redevelopment Authority responsible for day-to-day operations. His responsibilities included negotiating the terms of acquisition of the former Walter Reed Army Medical Center from the US Army and negotiating the disposition and lease terms with the master developer, managing federal grants & contracts, as well as coordinating community & stakeholder engagement.
Jason is a graduate of the University of Virginia with a degree in Philosophy and a concentration in Economics & Finance.
Russ Ginise
- Title
- President @
- Company
- Alliant Strategic Investments
- Role
- Panelist
Russell Ginise is the President of Alliant Strategic Investments. He has extensive experience in both affordable and market rate multifamily housing, having led or directed firms that have owned or managed, collectively, over 100,000 apartment units in more than 40 states. He is a member of the Urban Land Institute and its Affordable and Workforce Housing Council. He is also the president of his local school board.
About
Lifeafar Capital
Lifeafar Capital is a boutique private equity and asset management firm focused on the acquisition and development of unique and bespoke luxury hospitality concepts for both multi-family and mixed-use real estate. We give individual accredited investors, family offices, and private funds the opportunity to partake in the ownership of real estate projects with a stable value proposition and a high potential for appreciation that have traditionally been reserved for large institutions.
Our principals and professionals are located in Miami, San Juan, Puerto Rico, and Medellín, Colombia. We collectively draw on an extensive and versatile foundation of experience in corporate finance, mergers and acquisitions, corporate law, investment advisory, and real estate development and operations to unlock value for our investors in opportunistic, value-add, or distressed asset deals.
Engineered TaxServices, Inc.
Engineered TaxServices, Inc. (ETS) is a licensed engineering firm that focuses on federal, state, and local tax benefits. Engineered Tax Services was founded by CEO, Julio Gonzalez, to bring specialty tax engineering services to mainstream America. There are several federal tax incentives in which the IRS requires professional engineers and scientists to determine the tax benefits in the areas of real estate and manufacturing. Specific to real estate is the ability to depreciate real estate investments by components vs. the traditional expensing of real estate over a 39 or 27.5-year period. A forensic engineering study of a real estate property, in which the building is depreciated component by component, allows investors to expense up to 50% (and in some cases, more because of 100% bonus depreciation) of the purchase of their building up front.Decades ago, cost segregation was only available to real estate investors who worked with the Big 4 accounting firms who had dedicated engineering staffs. Mr. Gonzalez’s goal was to be a resource to the CPA community so that these services could be available to all real estate investors, big or small. Cost segregation continues to be one of the largest tax incentives for wealth preservation. There are very few investments that the United States Federal government allows investors to expense dollar for dollar. Real estate is the one investment from which you can deduct 100% of the purchase price against taxable income. Inherently, this allows for a 50% return on investment at a 50% federal and state tax bracket. Cost segregation allows the investor the ability to mitigate tax liabilities and preserve wealth by accelerating these deductions much quicker. Engineered Tax Services also uses its engineering, scientific and tax team to provide one of the most important federal and state tax credits available to United States businesses in the form of research and development tax credits (R&D). R&D Tax Credits are meant to incentivize manufacturing, innovation and technical design in the United States. These credits are essential to keep labor and promote job creation in the United States. Qualifying activities include developing new or improved products or manufacturing processes, tool and die development, technical design in the construction industry, software development, fracking and drilling technique development, and developing new or improved drugs or formulas, just to name a few. The R&D Tax Credit is a very important federal incentive meant to ensure that US companies remain competitive globally.
Acqua QOZ Portland
QOZ Portland can provide Investors up to 101% Tax Savings in the First Year by Investing in Multifamily Real Estate in an Opportunity Zone Fund and pay No Tax When You Sell. Our combination of Tax Strategies allows investors to Grow Investments Tax Free for up to 27.5 Years.
Redbrick LMD
Redbrick LMD is a diversified real estate investment, management and development firm. It specializes in opportunistic and value-added residential and mixed-use projects with a focus on the Washington D.C. metro market and selectively invests in other markets. Redbrick LMD’s leadership team has significant experience in the acquisition and repositioning of existing projects, the entitlement and ground-up development of new projects, and the financial and legal structuring of transactions to maximize returns while mitigating risks for investors. The team has developed, redeveloped and managed over 5,000 multifamily units nationally. In addition, they have developed a substantial portfolio of mixed-use assets. Since 2000, the principals have closed on more than $2 billion in real estate transactions. Redbrick LMD has a current development pipeline of approximately four million square feet, the largest privately held opportunity zone landholdings on metro in DC.
Alliant Strategic Investments
Alliant Strategic Investments is led by a highly respected team of socially conscious, industry experts with an average of 25 years of real estate experience in financing, managing, and operating over 100,000 affording housing units throughout the United States.