Roy Carrasquillo, Managing Shareholder and leader of Carrasquillo Law Group (CLG) Opportunity Zones and EB-5 Immigrant Investor Program Services and Compliance Practice Groups, was recently quoted discussing the “[u]nprecedented capital raising” in Opportunity Zones in 2022 in an article published at OpportunityZones.com.
Anayat Durrani discusses the surge in Opportunity Zone investments during the first half of 2022. Roy Carrasquillo stated that the surge is due to the “perfect storm of the program being more mature and many realizing capital gains and wanting to shelter these funds in OZs” during this period. Roy further states that as “there is a significant amount of funds [available], a much more active market will be seen that will be beneficial for these Opportunity Zones” projects.
Roy also emphasized how this increase in available opportunity zones capital may positively impact areas such as Puerto Rico “where the whole island is virtually an OZ” and there are “many opportunities to invest in different projects, and not just real estate.”
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