These funds make it easier to cash in on Trump's 'opportunity zone' tax break that favors the rich
Tucked away in President Donald Trump's 2017 tax cut was a little discussed provision that allows investors to potentially save big on capital gains.
Now, some real estate and tech investment sites are trying to lower the barriers to entry so non-accredited investors can also get in on the action.Anthony Scaramucci's hedge fund SkyBridge Capital and its partner Westport Capital, for example, are looking to raise $3 billion to launch an opportunity zone real estate investment trust.
Belpointe launched a real estate investment trust called"The Opportunity Zone REIT," the first to be registered with the Securities and Exchange Commission. Online real estate investment platform Fundrise has made two multi-asset opportunity zone investments with a third under contract. The minimum investment is $25,000 with management fees below 2 percent.
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