In a previous article, we discussed Opportunity Zones as a catalyst for a national and local real estate market where investors had enough information to invest in regions outside of their own.
Recently, the Philadelphia Redevelopment Authority launched the Project Information exchange aimed to connect developers of real estate projects in Opportunity Zones with investors.
The exchange is straightforward and aligned with other markets. It allows individuals to submit basic information about the project such as cost, size, specific need (equity investment, developer, etc.), and contact information so the right connections can be made.
Expect more municipalities or regions to launch their versions of Opportunity Zone development exchanges. The concept should be applied to all develop-able opportunities at the local level, even potential projects outside of Opportunity Zones.