This webinar will help close the gap, bringing everyone up to speed on the latest market conditions, regulatory guidance, and OZ Fund best practices.
SAN JOSE, Calif. (PRWEB) February 07, 2019
NES Financial, the award-winning fund administration provider to the Opportunity Zones (OZ) industry, has announced that it will host a “State of the OZ Industry” webinar on February 13th. Intended for current and aspiring fund managers, developers, entrepreneurs, community leaders, and tax and securities attorneys, as well as OZ Fund investors, the webinar will bring expert panelists from each facet of the industry together to report on the evolving market and regulatory conditions in the OZ space.
The Opportunity Zones program was born in late 2017 under the Investing in Opportunity Act, which established capital gains tax incentives for long-term investments into economically distressed areas across the U.S. With over $6 trillion in unrealized gains held by U.S. taxpayers, the program has opened up enormous potential for developers looking to raise capital at attractive rates and use it to build or improve properties within the qualified zones.
However, though the past year has seen tremendous growth in the Opportunity Zones industry, the program’s potential has only just begun to be realized — and nebulous market and regulatory factors have left many with unanswered questions.
This 90-minute webinar, titled “State of the Opportunity Zones Industry: Q1 2019,” is intended to answer some of those questions. It will be held on February 13, 2019, at 11 a.m. Pacific Time, and will be hosted by Reid Thomas, Executive Vice President at NES Financial. Registration is free of charge.
“The speed with which the Opportunity Zones industry has established itself, and the pace at which it continues to evolve, has created an information gap among program stakeholders,” Mr. Thomas said. “We’ve found that many individuals are struggling to find specific guidance, beyond the program basics, on how best to create and manage their OZ Funds, and how to attract investors. Likewise, community leaders want to know how to maximize the program’s effectiveness in their local areas. This webinar will help close the gap, bringing everyone up to speed on the latest market conditions, regulatory guidance, and OZ Fund best practices.”
Thought leaders from across the industry — including Steven Polivy (Akerman), Clem Turner (Chiesa Shahinian & Giantomasi), Ira Weinstein (CohnReznick), Christopher Fontaine (Veterans Investing) and Larry Perkins (Gateway Opportunity Funds) — will join Mr. Thomas in this effort.
Mr. Thomas will present on Opportunity Zone Fund setup and management best practices — the important roles that tracking, reporting, and third-party oversight will play in the success of individual OZ Funds and the industry as a whole. Since NES Financial introduced its purpose-built Opportunity Zone Fund Administration Suite, its solutions have quickly become the benchmark for institutional-grade OZ Fund administration, offering the maximum in security, transparency and compliance to fund managers and their investors.
About NES Financial
NES Financial is a Silicon Valley financial technology (FinTech) company providing technology-enabled solutions and services for the efficient back- and middle-office administration of complex financial transactions. Serving private equity, commercial real estate, and Fortune 1000 clientele, NES Financial offers industry-leading private equity fund administration, loan servicing, specialized EB-5 and Opportunity Zone Fund Administration, and 1031 tax-deferred exchange services. Our unwavering commitment to data security, operational redundancy, and compliance reporting is evidenced by 12 consecutive years of successful independent audits of our technology, processes, and financial controls. Today, NES Financial services over 190 funds, administers over $20B annually, and has worked with more than 675 EB-5 projects. For more information, visit nesfinancial.com.