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Richey May Advisory provides the full spectrum of transformative solutions for your business. From Technology and Risk Management to Specialty Audit Services and more, Richey May Advisory has the solutions you need to find and focus on your competitive advantage.

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Richey May Advisory

Richey May Advisory provides the full spectrum of transformative solutions for your business. From Technology and Risk Management to Specialty Audit Services and more, Richey May Advisory has the solutions you need to find and focus on your competitive advantage.

Learn More

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Richey May Headquarters
9780 S Meridian Blvd., Suite 500
Englewood, CO 80112
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303-721-6232

Question or comments?  Click here to fill out our inquiry form.

Richey May Advisory

Richey May Advisory provides the full spectrum of transformative solutions for your business. From Technology and Risk Management to Specialty Audit Services and more, Richey May Advisory has the solutions you need to find and focus on your competitive advantage.

Learn More

Richey May Advisory

Richey May Advisory provides the full spectrum of transformative solutions for your business. From Technology and Risk Management to Specialty Audit Services and more, Richey May Advisory has the solutions you need to find and focus on your competitive advantage.

Learn More

Contact Us

Richey May Headquarters
9780 S Meridian Blvd., Suite 500
Englewood, CO 80112
Directions
303-721-6232

Question or comments?  Click here to fill out our inquiry form.

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Richey May Headquarters
9780 S Meridian Blvd., Suite 500
Englewood, CO 80112
Directions
303-721-6232
Alternative Investment

QOFs Surpass $3B Mark

Articles by: Richey May, Nov 21, 2019

November 2019

The market response to the release of U.S. Department of Treasury guidance in late 2018 and April 2019 related to the opportunity zones program has been very encouraging. According to Novogradac’s Opportunity Funds Listing, Quality Opportunity Funds (QOFs) raised $3.2 billion! While the article in Connect Media about commercial real estate (linked below) provides a breakout of the different sectors in which these investments raised capital, residential and commercial investments seem strong while investments in operating business is lagging. In order to be eligible to receive the minimum 15% reduction in capital gains, a taxpayer needs to invest by the end of the 2019 calendar year. The next regulatory guidance could be released by early December 2019 by the U.S. Department of Treasury. To learn more about the industry sector wise breakout on investments in QOFs, read the article: https://www.connect.media/qofs-funds-surpass-3b-mark/

If you have questions regarding this topic, Richey May’s professionals in the Alternative Investments practice are available to help. For more information, please email Stephen Vlasak.