Lee Johnsey, partner in the firm’s Birmingham office and member of the Real Estate and Opportunity Zones Practices, shares his insights on Opportunity Zones in a Q&A article published in the Birmingham Business Journal on May 17, 2019.
In the article, Lee discusses an overview of the Opportunity Zones program and its benefits, recently published IRS guidelines, differences between investments in real estate projects and Opportunity Zone Businesses and common misconceptions.
Attorneys in Balch's Opportunity Zones Practice advise companies, developers and investors with structuring and complying with the statutory requirements and regulations of the Opportunity Zones program. The team combines Balch’s corporate, tax and real estate practices to help our clients understand and implement the Opportunity Zones Program. Lee has real estate transactional and litigation experience, which allows him to efficiently advise clients and craft solutions to meet their individualized needs. Through his extensive knowledge of Opportunity Zones, Lee regularly counsels clients on the qualification and certification process for the program.