We’ve been working diligently and are pleased to share some significant developments with you.
They include exciting news about our First Harbor Plaza project in Santa Ana and our participation on a major panel on Opportunity Zones.
Also, don’t miss some of our most informative blogs addressing top tax details around Opportunity Funds and rental properties vs. REITs.
Founder & CEO, Primior
First Harbor Plaza Breaks Ground
We are delighted to announce the groundbreaking for our First Harbor Plaza development in Santa Ana on June 26. A key aspect of the property is its location in a recently established Opportunity Zone, something Primior is very proud to represent. The Opportunity Zone program was created by the 2017 Tax Cuts & Jobs Act to revitalize economically distressed communities through private investment as opposed to taxpayer dollars.
“We are very pleased to be developing one of the first properties of this type in Santa Ana under this important program,” said Primior CEO Johnney Zhang. “The positive impact this innovative financing model will have on the local community in terms of strong economic opportunities and an enhanced quality of life has led us to seek out areas where we can make a contribution.”
Panel Addresses Risk and Reward
Last month, Primior CEO Johnney Zhang attended the Opportunity Zone Expo in Las Vegas and spoke as a panelist on the subject of Risk and Reward: Assessing projects and deploying capital wisely.
Other panelists included Jim Costello of Real Capital Analytics, David Souders of Todd Associates Inc. and Marc Schultz of Snell & Wilmer.
Insights from Primior
Top 3 Tax Details You Should Know About Opportunity Funds
The word “opportunity” to an investor is certain to get the juices flowing, and Opportunity Funds, as a relatively new investment model, are certainly eliciting their share of attention.