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Ferlito Group is investing resources in Opportunity Zone Projects and Funds. If you are interested in Opportunity Zone Investing and Developing contact us today!

Interested? Talk with Mike FerlitoView Current Opportunity Zone Projects

Development Scope Overview

  • Our focus is on metropolitan areas and other locations with appropriate risk / reward considerations
  • Our Target Real Estate
  • New construction, covered land, and rehabilitation
  • Underperforming assets in need of operational or development expertise
  • Recapitalization of assets with structural ownership problems

Opportunity Zone Program

  • Funds were created as part of the Tax Cuts and Jobs Act (December 2017) to encourage private investment in low-income communities
  • Bi-partisan Opportunity Zone program included in the 2017 Tax Cuts and Jobs Act and signed into law by the President on December 22, 2017
  • Intended to encourage investment in low-income communities by unlocking the private investment potential of capital gains
  • Allows individual and corporate taxpayers to defer short-term or long-term capital gains on the sale of stock, business assets, or any other property by investing the amount of gain in a qualified opportunity zone fund, and for incremental gain on the sale of O-Fund investments to be exempt from capital gains tax if held for at least ten years

Qualified Opportunity Zones

  • Funds must invest at least 90% of their assets in businesses or real estate located in certain population census tracts designated as qualified opportunity zones
  • The governor of each state (and the mayor of the District of Columbia) was allowed to nominate up to 25% of the qualified census tracts in their state as O-Zones
  • Selected qualified opportunity zones have been officially approved by the federal government for all states and the District of Columbia
  • Qualified census tracts” generally have poverty rates at or above 20%, or median incomes at or below 80% of the metropolitan area median income or the statewide median income

Opportunity Zone Strategy

Target Assets in Qualified Opportunity Zone

  1. Focus on markets where Ferlito Group has a local presenxe
  2. Identify O-Zones with a strong long-term growth potential
  3. Investment may be made in other area if attractive risk-adjusted returns are available

Asset Class

  1. Multifamily
  2. Office
  3. Self-Storage
  4. Mixed-Use
  5. Land

Opportunity Zone Timeline
Opportunity Zone Investment Types