The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
Build Your Legacy with HFO.
Tuesday, January 22, 2019
Portland's Opportunity Zones Have Seen 40% of RE Investment Since 2015
As the development community awaits further guidance from the IRS regarding the Opportunity Zone program, Bloomberg reports that Portland's opportunity zones are located in areas that have seen a massive share of development over the past few years. Portland's opportunity zones include Downtown, Old Town, the Pearl District, and the Central Eastside. Between 2015 and 2018, 40% of real estate investment in Portland occurred in areas that are now Opportunity Zones - a higher percentage than any other city. Read more.