OZ investing elevates communities

Opportunity Zone investing with Pinnacle Partners elevates communities

We are pleased to finance Heartwood, a one-of-a-kind workforce housing development on First Hill in Seattle. Made from sustainable cross-laminated timber, Heartwood will address the pressing need for more middle-income housing.  Read more here: https://www.bizjournals.com/seattle/news/2021/11/17/seattle-mass-timber-tall-building.html

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Why Opportunity Zone Investment May Be More Compelling in 2021

Why Opportunity Zone Investment May Be Even More Compelling in 2021

This article by Andrew P. Doup originally appeared on LoopNet.com. You can access it here.  There is an old adage that nothing is certain except death and taxes. However, business owners and investors are increasingly turning to “opportunity zone” real estate investment strategies to alter the certainty of income tax for their benefit. Opportunity zone investment allows taxpayers to

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The deadline is approaching

The Deadline is Approaching!

The deadline for a 10% permanent reduction of capital gains tax owed on original investment expires December 31, 2021. Opportunity Zones, created under the Tax Cuts and Jobs Act of 2017, are an economic development tool that also provide potential tax benefits to investors.  Investing in Opportunity Zone real estate projects offers two substantial tax advantages,

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Canton Lofts rendering

Seattle’s First OZ Project Sells for $32m

Pinnacle Partners is proud to have participated and partnered with Nitze-Stagen in the Canton Lofts project, which recently sold to King County for $32m. Located in the Pioneer Square district of downtown Seattle, Canton Lofts totals 35,000 SF and provides 80 supportive studio apartment units for unsheltered residents.  This was the first Opportunity Zone project in

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Opportunity zone investing as higher rates loom

Interest in Opportunity Zones Peaks as Higher Rates Loom

This article by Roger Russell originally appeared on accountingtoday.com. You can access it here.  The real possibility of higher capital gains rates has fueled interest by investors in opportunity zone funds. While Code Section 1400Z, providing for the funds, was slipped into the Tax Cuts and Jobs Act late in the legislative process and with little

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The Pitchboard Podcast

Pinnacle Partners’ Jeff Feinstein discusses the advantages of real estate investing in Opportunity Zones on The Pitchboard Podcast. Jeff explains what an Opportunity Zone is, why he and his team decided to become involved in projects of this type, and the requirements for investing in them.  Click on link below to listen.

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Opportunity Zone Investing

Opportunity Zone Investing Can Cut Your Tax Bill

This article by Robert W. Wood originally appeared on Forbes.com. You can access it here.  Taxes are an expense we all have, not really an opportunity. Yet if you play your cards right, tax savings and opportunities can now go together in a big way. The big federal tax bill passed in the closing days of 2017 is loved

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Resource: Qualified Opportunity Zone Funds vs. 1031 Exchanges

This resource is credited to Griffin Capital.QOZ Funds1031 ExchangesEligible GainsAny capital gain, regardless of the asset that generated itLimited to gains from real property held for investment or used tin a trade or businessReinvestment of ProceedsOnly reinvest capital gain; can reinvest basis but it will not receive tax benefitsMust reinvest all proceeds and have same

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American Family Tax Plan

The American Families Proposal – The Tax Plan Within

This article by Richard Shapiro  originally appeared on Eisenrampercom. You can access it here.  We are all interested in how President Biden’s American Families Plan proposal will affect investing strategies moving forward. There are some major shifts in the treatment of capital gains, 1031 exchanges, and carried interest on the table. While most of the details have yet to

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