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Opportunity zone funds raise $555.6m in equity during Q4 for a total of $40.1b
Real Estate - FEBRUARY 5, 2025

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Opportunity zone funds raise $555.6m in equity during Q4 for a total of $40.1b

by Elise Mackanych

More than $40 billion opportunity zone investments have been raised by qualified opportunity funds (QOFs), according to Novogradac’s tracking system. Novogradac tracked 2,033 QOFs which raised $40.1 billion in equity, as of Dec. 31, 2024. The equity raised increased by $555.6 million during fourth quarter 2024, news from Novogradac.

Though the fourth quarter saw a continued pattern of slow investment in QOFs, managers are seeing a reinvigorated interest in opportunity zones. The opportunity zone incentive is set to expire at the end of 2026, but with Republicans controlling both houses of Congress and the White House, this deadline is expected to be extended. An extension of opportunity zone incentives will increase investments significantly. QOFs allow taxpayers to invest capital gains in opportunity zones to qualify for deferral or other tax benefits, reports Novogradac.

California is in the lead for planned QOF investments, with an increase of $922.2 million from

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