$900 Million in Commissions: How Opportunity Zones Affect Brokers and How Deepblocks Can Help
Opportunity Zone (OZ) Funds have caused quite the stir in the investment and real estate development world. Approximately $15 billion is being raised by the top 72 funds across the country. Investors are being encouraged to put their money in the funds during 2019 in order to get the maximum discount, while the funds will be required to invest 90 percent of the capital in designated low income geographical areas.
This pressure to invest brings big opportunities to brokers because it means that transactions in designated zones will increase. We are already seeing hints of this with qualifying properties trading at a premium. Investors will rush to buy and sell opportunity zone properties, scrambling to figure out highest and best uses for these future developments. If 20 percent of the funds go towards acquiring properties, there will be $900 million in commissions to be made.
With our technology, brokers can become experts in Opportunity Zones from comprehending the best development options for each site. This is where Deepblocks’ multidisciplinary logic facilitates brokers having a competitive advantage. Our software expedites analysis and facilitates organization of investment properties.
We hope to be of service in optimizing projects for quality, efficiency, and returns. Get in touch with Deepblocks for additional information.