If you listen to the mainstream media, you’d think all business transactions have stopped dead in their tracks due to the coronavirus quarantine and the shutdown of the economy – but not so fast! In this podcast, listen to Brad Molotsky, a partner at the law firm of Duane Morris and a co-head of the firm’s Opportunity Zones practice, talk about the deals his company continues to be busy working on, with no slowdown in sight! (and also why the Opportunity Zones program may not be as difficult to implement as many people think.) Yes, COVID19 has taken a major toll on a global basis, but if you think business is dead, you may want to reevaluate your position after listening to this podcast.
Duane Morris provides access to capital markets, securities and regulatory compliance, fund/business formation, investment advice, and tax guidance services to their clients. Whatever the economic conditions are, investing in Opportunity Zones is like investing is just about everything else: it’s important to have good counsel and you must make sure all your bases are covered. Just about every sector of investment can take advantage of the tax benefits of Opportunity Zones investing including private equity/venture capital funds, family offices, institutional and private investors, mission-driven non-profits, banks, hospitals, universities, and real estate investors/developers/owners to name a few.
But beware – It’s easy to get caught up with the tax strategies from investing and creating Opportunity Zones funds, however the truth of the matter is your deal better pencil out and make sense above and beyond the tax benefits you’ll get from such an investment. Mr. Molotsky drives this point home on the podcast and sums it all up perfectly: “The Opportunity Zones tax benefits doesn’t make a bad deal good, it makes a good deal very good”.
That’s why it makes sense to align yourself with industry professionals who know what they are doing and are actually active in the dealmaking space, regardless of what many may think when they hear the doom and gloom of coronavirus. Questions? Comments? Either visit the Duane Morris website, or Mr. Molotsky can be reached by email here or by text at 856-874-4243.
ABOUT OUR GUEST: Brad Molotsky
Brad A. Molotsky practices in the area of real estate law. He serves as a team lead for the Duane Morris Project Development/P3 industry group and as co-head of the firm’s Opportunity Zones practice group. Mr. Molotsky’s primary practice is focused in the areas of opportunity zone fund creation and fund deployment, financing, public private partnership (PPP or P-3), real estate joint ventures (including mixed-use and multi-family development), commercial leasing (including a focus in cannabis leasing), and acquisitions and divestitures. He also has deep experience in environmental, social, governance, public company issues such as enterprise risk, internal audit, compensation, as well as energy efficiency, sustainability and corporate social responsibility.
Prior to joining Duane Morris and for nearly 20 years, Brad served as executive vice president, general counsel and corporate secretary of Brandywine Realty Trust. At Brandywine, Mr. Molotsky was responsible for all legal operations of the company, including acquisitions and divestitures, financings, joint ventures, board matters, insurance procurement, litigation oversight, SEC filing oversight and the legal aspects of capital raising. During his tenure, the company grew from 40 buildings to approximately 300 buildings, totaling 28 million square feet.
In 2019, Mr. Molotsky won The Philadelphia Inquirer Influencers of Law Award for Real Estate. He was also named by The Philadelphia Inquirer as an Influencer of Real Estate for Real Estate Legal Excellence in 2019. He was also named in The Legal Intelligencer’s list of Pennsylvania Trailblazers for 2019. Mr. Molotsky was named one of Philadelphia Business Journal’s 2018 “Best of the Bar: Top Lawyers in Philadelphia. He was also named General Counsel of the year by the Philadelphia Business Journal in 2014 and NJBIZ in 2013 and was awarded the Martin Luther King Community Service award in 2014, the Township Sustainability Leader Award in 2016 and the Roger Davis Community Service Award in 2017.
Mr. Molotsky is a 1989 cum laude graduate of Villanova University Law School, where he was Order of the Coif, and also earned an M.B.A. in Finance from Villanova University. He is a 1986 cum laude graduate of the University of Delaware. Mr. Molotsky has also earned his LEED AP O+M certification. He also has earned an AV Preeminent® peer review rating from Martindale-Hubbell®.
All information provided is for informational purposes only. Mapable USA is not a registered broker-dealer, funding portal, or investment advisor. This information presented on this website/podcast is not intended as legal or investment advice for anyone to make an investment in any particular company and is not intended for any companies to rely on this information to form an opinion to go public or not to go public or to do any type of offering of securities. Any information presented is not an offer or solicitation to purchase or sell any securities or financial products. None of the information on the Mapable USA podcast or website takes into account any individual person’s personal objectives, financial situation, needs, or particular circumstances. You must check with a securities attorney to find out if an offering is for you, or if you are going to be in the business of selling any type of securities, you need to make sure you are following your state and federal legislative law so you do not get into any troubles. Do not use the opinions as stated on this show as any way to form an opinion as what is wrong or right or what could be done for your business or as an investor. Mapable, LLC recommends you obtain your own financial, legal, and taxation advice before making any financial investment decision.