Two Kings Principal Presents On Opportunity Zone Investments
Two Kings principal Christopher Wang presented at a seminar on Opportunity Zones, sharing insights about evaluating potential investments and maximizing the tax benefits from the new tax-shelter program. Two Kings co-hosted the seminar with accounting firm Marks Paneth and title company Cornerstone Land Abstract.
Opportunity Zones allow investors to defer and reduce taxes on capital gains while investing those proceeds tax-free in eligible Opportunity Zone projects. Two Kings is currently developing a project in one of only six Opportunity Zones in lower Manhattan and is evaluating other eligible investments in the New York City region.
Resources on Opportunity Zones:
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Two Kings Principals Share Investing Insights at Fordham
Two Kings principals Manish Shah and Christopher Wang shared insights about real estate investing with a group of MBA students at Fordham University.
The principals were invited by Adjunct Professor Eric Yeh, who teaches coursework on Alternative Investments at Fordham.
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Many U.S. Cities Flooded With High-end Apartments; NYC Holds Steady
During the recent construction boom, many U.S. cities saw significant increases in high-end apartments as a proportion of total supply.
New York City was No. 18 but saw only a small increase (200 basis points) in the share of high-end units since 2017. In several cities, the proportion more than doubled.
An important consideration is the increased rent that usually accompanies upgraded housing – and specifically whether those rent levels are sustainable in cities where expansion is recent.
Be Like Kushner: Tax Benefits for Real Estate Investors
NYC’s Rapidly Growing Tech Ecosystem
Recent reports indicate NYC now has the nation’s second-largest tech employment base. A deeper dive into the numbers demonstrate that this is likely a sustained trend.
Over the last few years, investment activity has more than quadrupled ($12B in 2017), round sizes have increased substantially (3x in 4 years), and we’ve seen an improved exit environment for venture-backed companies.