New York & Tri-State + Downtown New York + Opportunity Zones | September 12, 2018

Youngwoo, EquityMultiple Partner on Opportunity Zone Fund

Locally-based developer Youngwoo & Associates and CRE investment startup EquityMultiple are partnering to create an Opportunity Zone fund targeting projects across the U.S. that fall under investment provisions created by the 2017 tax reform bill. The YWA fund will be among the first of its kind, and the first to offer individual investors direct access.

“Finding underappreciated value in local markets has always been our focus, and Opportunity Zones are now providing a more tax efficient vehicle to attract investors into the areas where we’re already developing,” said YWA’s Bryan Woo. Funds of this type may only be deployed in neighborhoods designated as Opportunity Zones.

At EquityMultiple, CEO Charles Clinton said partnering with YWA would provide “tax efficient opportunities, alongside an innovative developer with a great history of improving underserved neighborhoods while delivering strong returns to investors.”

Check back Friday for an exclusive interview with YWA’s Margarette Lee.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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