Name & Title: Pierre Debbas, Esq.
Company Name: Romer Debbas, LLP
Address: 275 Madison Avenue, New York, NY 10016
What market trend(s) will impact your industry in 2019?
The biggest trend in 2019 will be the use of Qualified Opportunity Zones. This provides a whole new method for investors to defer gains tax and increase interest in real estate investments. The tax advantages from Qualified Opportunity Zones have the potential to have a greater impact on the real estate market than 1031s. As this was just written into the tax code in the fall of 2018, 2019 will be telling in terms of how often this is utilized and the benefits that it can provide.