NORF in the News
" A property in New Orleans will be transformed into housing for medical students and retail space using opportunity zone (OZ) financing. The former Warwick Hotel near downtown New Orleans sat vacant and blighted since Hurricane Katrina in 2005.
Opportunity Zone Development Will Help Revitalize Downtown New Orleans
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"Like everything else in our lives, the current pandemic has impacted the construction and real estate industry in a wide variety of ways."
1031 Exchanges Are Challenging in a Pandemic. Opportunity Zone Funds Can Offer a Solution
"Opportunity Zone funds offer similar benefits to 1031 exchanges, but come with an extended investment horizon."
NORF Companies buys Downtown Houston Opportunity Zone Property for Mixed-Use Remodel
"One of downtown Houston’s oldest buildings has been sold to a New Orleans-based company that plans to convert it into a mixed-use multifamily property."
How the Warwick Hotel, which had a role in a New Orleans tragedy, will get another chance to be noticed
"It’s always nice when a revered New Orleans building is saved from the wrecking ball. But it’s also no small thing when a historically underappreciated building gets a reprieve — and, in the process, another shot at relevance."
Mid-City Condos will start in the low $200,000s
"The development team behind a new, 21-unit condo building going up in Mid-City plans to market the project as housing for professionals like nurses, teachers and first responders."
"On June 4th, The IRS issued Notice 2020-39 which extended the deadline to invest 2019 capital gains into Qualified Opportunity Zone Funds.
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NORF Opportunity Zone Fund Closes 'on record raise'
"New Orleans Redevelopment Fund has closed its latest real estate investment fund, aimed at development in ‘Opportunity Zones,’ to new investors."