Qualified Opportunity Zones
The Tax Cuts and Jobs Act of 2017 created QOZs to provide potentially significant tax benefits to investors who re-invest capital gains into long-term investments into communities designated for economic development. This measurable impact investing solution is useful for investors who have substantial capital gains and a desire to realize them in a tax-efficient manner.
The Cresset-Diversified Solution
Cresset Partners, led by Eric Becker and Avy Stein, and LCM Opportunity, led by Larry Levy, have partnered to create the Cresset-Diversified QOZ Fund. The Fund is managed by experienced teams of Real Estate and Private Equity professionals supported by community impact, legal, tax and accounting experts. The Fund is seeking to raise $500 million in capital commitments.
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