Client Alert, April 20, 2021: Opportunity Zone Regulations – White Paper

Sullivan & Worcester’s interdisciplinary team of corporate, tax, and real estate lawyers is at the forefront of providing legal advice and services to complex and sophisticated Opportunity Zone (“OZ”) projects and clients.

Sullivan is a national leader in OZ transactions and has advised in the formation and funding of dozens of Qualified Opportunity Funds that have raised and deployed an aggregate of more than $700 million. Sullivan has structured and executed more than $2 billion in OZ projects throughout the country. Sullivan provides structuring and compliance advice to scores of OZ projects and clients, including the formation of Qualified Opportunity Funds, structuring the acquisition of operating businesses, ongoing compliance and operations guidance for operating business, and structuring the acquisition and development of real estate projects.

Sullivan’s interdisciplinary approach, including attorneys from the firm’s corporate, tax, and real estate practices, allows Sullivan to work closely with clients across the country and analyze how to implement OZ benefits into various business strategies. Sullivan’s OZ team routinely collaborates with venture capital/growth equity firms, real estate investment firms, entrepreneurs, real estate developers, sponsors, and family offices.

Sullivan routinely handles significant, unique, and groundbreaking OZ projects and has earned a reputation for creative application of the Opportunity Zone legislation, including the following OZ projects: traditional private equity investments in technology, manufacturing, biotechnology, pharmaceutical, energy, logistics, and food services companies; restructuring professional sports teams and acquiring and developing stadiums; executing multi-stage, multi-parcel, mixed-use real estate developments; advising public/private partnerships involving rapid transit public transportation; pioneering a “cash recycling” approach for venture capital and growth equity funds; and creating acquisition and compliance strategies for complex investment targets, including a mining company, a chain of regional grocery stores, and one of the largest floating dry docks in the United States.

As investors seek to realize recent capital gains and legislators contemplate expanding the OZ program, it is clear that the market has developed enough to support ambitious OZ projects. Sullivan’s OZ team is ready.

Key Contacts

Related Practices

Related Industries

Jump to Page