The U.S. has more than 8,700 low-income census tracts called Opportunity Zones (OZs), which are certified by the Treasury Department. Investors can now put capital to work, financing new self-storage projects in these areas in exchange for certain federal capital-gains tax advantages.
In this video filmed at the 2019 Inside Self-Storage World Expo, Scott Meyers, founder of Self Storage Profits Inc., discusses what OZs are, how this investment works and why industry professionals should be interested. He also discusses the financial and tax advantages to building in these areas.
Read more about the 2019 ISS World Expo in this article recapping the event.