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Opportunity Zones

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Incentivizing Self-Storage With Tax Breaks

by Kerri Fivecoat Campbell

States created a list of possible opportunity zones–those which fell in low income or otherwise blighted areas–and submitted the list to the federal government. There are now more than 8,700 census tracts that have been classified as opportunity zones.

Many projects have been launched in these areas. “Many of the projects being launched in these areas are multi-family housing, retail office, and industrial space,” says Paul Fiorilla, director of research for Yardi Matrix in Goleta, Calif.