Jaime Sturgis Quoted in The Real Deal Article on Opportunity Zone Investments

The Native Realty CEO shared his thoughts on the response from real estate investors to the key upcoming Opportunity Zone deadlines in a new article from Real Deal reporter Lidia Dinkova. Opportunity Zones — part of the 2017 federal tax overhaul — were created to incentivize investment in economically overlooked neighborhoods.

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“Fort Lauderdale broker Jaime Sturgis said properties in Opportunity Zones are not always an easy sell. A buyer looks at a property in an Opportunity Zone, considers using the program to help pay for upgrades but then bypasses the option, he said.

Stumbling blocks include requirements that set a minimum threshold for real estate improvements. In some cases, owners believe those would lead to “over-improving” a property, said Sturgis, founder and CEO of Native Realty.”

Click here to read the full article.