You’re smart to be thinking about Opportunity Zones as a tax-free investment for capital gains. But the smartest money would be on local investment, right here in Middle Tennessee.
In fact, it’s a great time to be in Nashville, ranked last year as one of the top 20 places to live in the United States by U.S. News and World Report.¹ With a consistently strong job market and a good quality of life, it’s no wonder we’re one of the fastest-growing metro regions in the country.²
However, amid this growth and prosperity are some of the city’s most distressed communities. Opportunity Zones, a federal designation for “underdeveloped” rural, suburban, and urban areas, give you a way to connect low-income communities with much-needed capital.
And while your returns can be substantial – including tax-free growth of capital gains investment after 10+ years – the benefits to the community can transform a generation.
There are 18 Opportunity Zones in Nashville, all in areas that have already seen significant development in recent months and make up 20% of the urban selected OZs. Some are within trendy neighborhoods like East Nashville, 12th South and Wedgewood-Houston. But all of Nashville stands to profit from smart, thoughtful community investment.
It is said that a rising tide raises all boats. When Nashville’s distressed urban communities prosper, all communities prosper. Investments in Nashville’s Opportunity Zones unlock potential that may otherwise have gone untapped.
Our investment in the diverse Chestnut Hill neighborhood, set to complete the first phase build out in September 2019, is among many new construction homes that mesh with an up-and-coming urban neighborhood close to restaurants, entertainment and just 5-minutes from downtown.
With other investments in Nashville, as well as Clarksville and Chattanooga, we’re proud to be part of Middle Tennessee’s transformation. When Nashville succeeds, we all succeed.
If you’re looking for an investment with a substantial financial return and a transformative impact on Nashville’s distressed neighborhoods, contact us today and we’ll be happy to provide more information. It’s an opportunity you can’t afford to miss.