Kushner Companies bought $13M of NJ beachfront that qualifies for Opportunity Zone tax breaks

Kushner Companies will stand to gain significant tax benefits if it chooses to develop a piece of New Jersey beachfront located in an Opportunity Zone, a key feature of the Trump administration’s tax overhaul last year. The company has spent $13 million buying properties in New Branch, New Jersey, since the Opportunity Zones legislation was enacted, according to Bloomberg. The company reportedly bought the Bungalow Hotel for $9 million in May and purchased two single-family […]


Source: Real Estate

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