CREPN Taps Erik Hayden for Deep-Dive Podcast on OZs
by Angela S. Hwang, on Jun 16, 2021 12:48:36 PM
Erik was recently invited to be a guest on the Commercial Real Estate Pro Network (CREPN), where he and the podcast host J Darrin Gross discussed how, thanks to Opportunity Zones, potential tax benefits and community revitalization can go hand in hand. Erik also talked about the role Urban Catalyst is playing in revitalizing downtown San Jose.
CREPN is the Commercial Real Estate Pro Network, operated by Gross, a real estate investor and commercial property insurance broker. The CREPN podcast features conversations with commercial real estate experts discussing commercial real estate investment and risk management strategies.
The discussion with Erik centered around:
- The details of Urban Catalyst Opportunity Fund I, which closed Dec. 30 (14:29)
- Tax benefits investing in Opportunity Zones could offer (21:15)
- The impact of COVID on business (22:41)
- The fallacy of a mass business exodus from Silicon Valley (26:38)
Don’t miss the full podcast- you can listen HERE.
Urban Catalyst was recognized as one of the top 10 Opportunity Zone Funds for “unlocking transformative economic potential” in the inaugural Forbes OZ 20. We’re developing ground-up real estate projects in downtown San Jose. Contact us for information on how to get started.
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Opportunity Zone Disclosures
- Investing in opportunity zones is speculative. Opportunity zones are newly formed entities with no operating history. There is no assurance of investment return, property appreciation, or profits. The ability to resell the fund’s underlying investment properties or businesses is not guaranteed. Investing in opportunity zone funds may involve a higher level of risk than investing in other established real estate offerings.
- Long-term investment. Opportunity zone funds have illiquid underlying investments that may not be easy to sell and the return of capital and realization of gains, if any, from an investment will generally occur only upon the partial or complete disposition or refinancing of such investments.
- Limited secondary market for redemption. Although secondary markets may provide a liquidity option in limited circumstances, the amount you will receive typically is discounted to current valuations.
- Difficult valuation assessment. The portfolio holdings in opportunity zone funds may be difficult to value because financial markets or exchanges do not usually quote or trade the holdings. As such, market prices for most of a fund’s holdings will not be readily available.
- Capital call default consequences. Meeting capital calls to provide managers with the pledged capital is a contractual obligation of each investor. Failure to meet this requirement in a timely manner could elicit significant adverse consequences, including, without limitation, the forfeiture of your interest in the fund.
- Opportunity zone funds may use leverage in connection with certain investments or participate in investments with highly leveraged capital structures. Leverage involves a high degree of financial risk and may increase the exposure of such investments to factors such as rising interest rates, downturns in the economy or deterioration in the condition of the assets underlying such investments.
- Unregistered investment. As with other unregistered investments, the regulatory protections of the Investment Company Act of 1940 are not available with unregistered securities.
- It is possible, due to tax, regulatory, or investment decisions, that a fund, or its investors, are unable realize any tax benefits. You should evaluate the merits of the underlying investment and not solely invest in an opportunity zone fund for any potential tax advantage.