NES Financial to Host Webinar on Opportunity Zones For Economic Recovery with Bridge Investment Group, Ernst & Young, Greenberg Traurig, and Shorewood Real Estate Group
Opportunity Zones investments are ideally suited to drive recovery given recent market selloff and economic meltdown
SAN JOSE, Calif., May 7, 2020 /PRNewswire-PRWeb/ -- Specialty financial administrator NES Financial, a JTC Group Company (LON: JTC), announced today that it will host its next Opportunity Zones webinar, Opportunity Zones: An Economic Recovery Solution, with S. Lawrence Davis, President & CEO of Shorewood Real Estate Group, Jim Lang, Shareholder of Greenberg Traurig, Michael Bernier, Partner of Ernst & Young, and David Coelho, Chief Strategy Officer and Chief Investment Officer Opportunity Zone Program of Bridge Investment Group.
The informational webinar is scheduled for Thursday, May 14 at 11 a.m. PT and will be moderated by Reid Thomas, Executive Vice President and General Manager of NES Financial. The event is free and open to public to attend.
"Given the rapid and reactive market selloff, following the longest bull-market in history, significant capital gains have been realized by many without a plan for subsequent reinvestments," said Thomas, a frequent speaker at events and conferences across the country. "Opportunity Zones are well suited for long-term, countercyclical investments, and at the same time can be instrumental in efforts to rebuild the U.S. economy during this webinar."
Qualified Opportunity Zones were created by bipartisan Congressional legislation in 2017 to help incentivize economic development and growth in communities previously overlooked by investors. The initiative has grown considerably, with recently released final Treasury regulations and multiple legislative proposals to provide more meaningful reporting.
In addition to discussing economic recovery and social impact, NES Financial will provide key industry insights. To RSVP and attend this webinar, please click here for more details or visit nesfinancial.com.
About NES Financial
NES Financial, a JTC Group Company (LON: JTC), is a specialty financial administrator which serves sectors characterized by high administrative complexity, increased transaction security needs, and challenging regulatory compliance requirements. The company's purpose-built solutions streamline the administrative processes of these markets — simplifying specialized financial transactions, curtailing fraud and abuse, and ensuring the utmost in security, transparency and regulatory compliance through each step of an investment's life cycle.
NES Financial, recognized on the San Francisco Business Times' top Bay Area fintech list, has defined industry best practices in each of the markets it serves — from 1031 exchanges and EB-5 visa funding, to private equity and the landmark Opportunity Zones program. NES Financial services more than 300 funds, administers over $20B annually, and has worked with over 700 EB-5 projects. For more information, please visit nesfinancial.com.
About Shorewood Real Estate Group
Shorewood Real Estate Group LLC is a developer and asset manager that specializes in the financing, development and management of institutional quality assets in major gateway markets throughout the US, with a specialty in New York City. The firm has extensive experience in all aspects of the real estate investment and development arena and provides integrated and innovative solutions to maximize the long-term value of real estate assets. Shorewood currently manages nearly 2 million square feet of real estate across 10 assets in New York City and New Jersey, representing a portfolio value over $1 billion.
About Greenberg Traurig
Greenberg Traurig, LLP (GT) has approximately 2,200 attorneys in 41 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100.
About Greenberg Traurig's Tax Practice
To stay competitive in today's global marketplace, international companies must seek out greater efficiency in their tax planning and compliance, including coordinating tax decisions from country to country. For U.S. operations, an environment of increased scrutiny – including passage of more restrictive legislation and a spike in audit activity at every level – is quickly becoming the norm, likewise spurring a need for greater self-evaluation and for more frequent representation in controversies and litigation with tax authorities. Greenberg Traurig's multidisciplinary tax team works closely with clients to address these and other tax planning needs, as well as tax controversies and litigation issues. Web: gtlaw.com Twitter: @GT_Law.
About Ernst & Young
Your business will only succeed if you build it on a strong foundation and grow it in a sustainable way. At EY, we believe that managing your tax obligations responsibly and proactively can make a critical difference. Our global teams of talented people bring you technical knowledge, business experience and consistency, all built on our unwavering commitment to quality service — wherever you are and whatever tax services you need.
We create highly networked teams that can advise on planning, compliance and reporting and help you maintain constructive tax authority relationships — wherever you operate. Our technical networks across the globe can work with you to reduce inefficiencies, mitigate risk and improve opportunity. Our 50,000 tax professionals, in more than 150 countries, are committed to giving you the quality, consistency and customization you need to support your tax function.
About Bridge Investment Group
Bridge is a privately-held real estate investment management firm with $20.1 billion in assets under management. Bridge combines its 3,600+ person, nationwide operating platform with specialized teams of investment professionals focused on select U.S. real estate verticals, which Bridge believes offer above-market opportunity: multifamily, office, seniors housing, affordable housing, opportunity zones, and debt strategies.
SOURCE NES Financial
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