Investors in a Qualified Opportunity Fund can defer, reduce and even pay as little as zero taxes on potential profits if their investment is held for 10 years. In this podcast, we spoke with Brett Messing, the Partner, President, and Chief Operating Officer of the Skybridge Opportunity Zone Fund, who have developed a differentiated, “research driven approach” to screen the various Qualified Opportunity Zones (QOZ) that make for interesting projects for those QOZ investors who like the REIT structure to invest in deals. Why a REIT? This podcast explains it all!
As capital flows into low-income census tracts, meaningful social benefits result, such as job creation, reduction in unemployment, an increase in median income, a reduction in the poverty rate, and an increase in the number of affordable housing units and home ownership – in other words, community revitalization.
As found at the QOZ Marketplace, The SkyBridge Opportunity Zone REIT (“SOZ REIT”), is a non-traded REIT with a mandate to invest in residential, commercial, and industrial real estate (new development and redevelopment) in US Treasury-designated Opportunity Zones in the US. By listening to this podcast, you’ll learn why de-risking a portfolio is so important with socially responsible investing, as well as what Mr. Messing thinks is the greatest benefit of investing into an opportunity zone deal. If you’d like to become a part of Skybridge’s “Impact Investing” success, you can visit their website here for more details and information.
ABOUT OUR GUEST: Brett Messing
Brett S. Messing is a Partner and the President and Chief Operating Officer of SkyBridge. He began his career at Goldman Sachs where he held various positions including Vice President and Co-Head of the Restricted Stock Group. Thereafter, he was a partner at Oscar Capital Management, which was acquired by Neuberger Berman, LLC. Following the successful integration of the business, Mr. Messing founded GPS Partners, a $2.5 billion hedge fund at its peak, which focused primarily in the energy infrastructure sector. Mr. Messing was the firm’s Managing Partner and Chief Investment Officer.
Thereafter, Mr. Messing worked for Los Angeles Mayor Antonio R. Villariagosa as Co-Chief Operating Officer responsible for economic and business policy. Mr. Messing served as a Senior Advisor to Mayor Michael R. Bloomberg at C40 Cities, a joint venture with the Clinton Climate Initiative. Mr. Messing is the Terence M. Considine Visiting Senior Research Fellow in Law, Economics, and Business at Harvard Law School. He is the co-author of The Forewarned Investor and contributed to Learning from the Global Financial Crisis – Creatively, Reliably and Sustainably, a compendium published by Stanford Business School. Mr. Messing received his A.B. from Brown University, magna cum laude, and his Juris Doctor from Harvard Law School.
All information provided is for informational purposes only. This information is not intended as legal or investment advice for anyone to make an investment in any one 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. 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.