On the surface there are numerous reasons to invest in an adaptive reuse or opportunity zone project, for instance, tax incentives for historic preservation, potential development cost savings, and oftentimes ideal locations in densely populated cities. However, there is still a lot regulatory uncertainty around these opportunities making some investor slower to jump on the bandwagon. This is particularly true for opportunity zones where interest is high but a lack of clarity around the rules is delaying investments whereas, adaptive reuse projects are seeing more activity from investors. Hear from some of the top dealmakers from around the nation as they share insights into the direction of the market, where metrics are headed and when we'll start seeing the money flow for opportunity zones. Plus, what common mistakes do they see made when investing in adaptive reuse projects from the failure to account for earthquake proofing in Los Angeles to the potential structural issues with older buildings in New York or Washington D.C.?

 

Nick Silbergeld, Senior Officer, Investments, Calvert Impact Capital

Craig Bernstein, Principal, OPZ Bernstein

Carrie Dewees, Managing Principal, Allstate