Opportunity Zones Insights from a Real Estate Developer’s Point of View

Most people are looking at Opportunity Zones from an investor point of view. But what about real estate developers? How do they view the program? In this podcast, real estate developer Dennis Hoth from TransEquity Development joins attorney Brett Siglin from the law firm of Jennings Strouss as they discuss the challenges developers face in general, and what they look for in Opportunity Zone properties in particular.

Listen to “Opportunity Zones Insights from a Real Estate Developer’s Point of View” on Spreaker.

Development is a specialized area where it takes a number of vital cogs to be successful in the process. It is all based on vision, timing, and cooperation with the local governments and municipalities – plus a little luck. But as “quarterbacks” who coordinate every aspect of the process, smart developers must look at Opportunity Zone projects from a different angle. Most traditional developers want to build, stabilize, sell, and repeat the process. But with an Opportunity Zone project, you’re in it for the long haul. That’s why it’s good to speak with developers such as Mr. Hoth who understand the long-term hold mentality required in the QOZ Marketplace. By listening to this podcast, you’ll learn how a developer determines what they’re going to build on a particular piece of land, (multifamily, retail, etc.) as well as understand the entire process and team partners that make a real estate development project successful. Plus, you don’t want to miss the number one issue that kills the development process, explained in detail on the show!

Questions? Comments? You can contact real estate developer Dennis Hoth directly at 480-447-4920, by email, or at his website at TransEquity Development. In addition, attorney Brett Siglin can be reached at 602-262-5842, by sending him an email, or by visiting his page at the Jennings Strouss website. And if you want the real deal on Opportunity Zones in general, visit the Opportunity Zones Authority website for more info on why it’s so important to vet out Opportunity Zone Funds.

ABOUT OUR GUESTS: Brett Siglin and Dennis Hoth

Brett SiglinBrett Siglin focuses his practice at Jennings Strouss on a broad range of business law matters involving corporate structuring, joint ventures, bond financing, syndication of equity, contract negotiation, regulation and compliance, tax credits, property tax exemptions, and real estate acquisition and development. He represents developers, lenders, investors, syndicators, real estate investment trusts, and other businesses and public sector entities.

Mr. Siglin is experienced with utilizing federal and state Low-Income Housing Tax Credits (LIHTC) and tax-exempt bond financing to structure transactions; advising on debt and equity terms; negotiating development agreements and construction contracts; assisting with zoning and permitting; advising on compliance issues; counseling on state and local tax incentives; resolving complex tax issues; and providing wide-ranging federal and state tax advice.

Mr. Siglin served as an attorney advisor for the U.S. Department of Housing and Urban Development in Washington, D.C. for four years before entering private practice.

Dennis Hoth has had over 39 years of commercial real estate experience and has been a part of over $1B of commercial real estate transactions. His experience includes commercial real estate development, brokerage, investment, syndication, appraisal and consulting. He has developed senior living, multi-family, retail, office, mixed-use, land, and industrial properties throughout his career. He recently finished a 125,000 square foot, 164-bed, senior housing project in Phoenix and is nearing completion on the rehabilitation of seven, multi-family projects in Colorado.

He continues expanding his development business and is primarily working on Tax Credit and Opportunity Zone development/redevlopment projects. He is a licensed real estate broker in Arizona and Nebraska and resides and offices in Scottsdale, AZ . He graduated from the University of Nebraska, majoring in business with a real estate specialization.

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