Opportunity Zones

Prospect is an early adopter of and thought leader on Opportunity Zones.

Overview

As part of the Tax Cuts and Jobs Act of 2017, Congress established the Opportunity Zones program. Each state and U.S. territory designated over 8,700 census tracts as Opportunity Zones. Investors can invest recently realized capital gains into Opportunity Zones, and will receive substantial tax benefits:

Example: Opportunity Zones vs. S&P 500

Prospect Opportunity Zone Fund vs. S&P 500

The Prospect Solution

Building on Prospect's established track record of investing in multifamily properties located in economically developing communities, Prospect is well positioned to capitalize on the Opportunity Zone program.

50% of Prospect’s multifamily track record located in census tracts eligible for Opportunity Zone designation

50% of Prospect’s Multi-family Track Record is in Developing Economic Communities

Prospect's Opportunity Zone initiative is largely a continuation of our existing real estate investment thesis: