Aegon Asset Management’s Aegon Real Assets US closed on its first multi-family residential real estate development located within a designated Opportunity Zone in Sacramento, California.
Opportunity Zones were created as part of the Tax Reform Act of 2017. The program helps drive capital to designated communities across the nation by offering substantial capital-gains tax breaks for investors who invest in any of the 8,000 designated low-income census tracts. Investors can defer paying capital gains taxes on the money they invest in an Opportunity Zone project, and if they keep their money in . . .
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