Page 23 - Venture - State of the Market 2019

•The original use of the building in the qualified opportunity zone
(QOZ) is not considered to have commenced with the QOF.

•The requirement that the original use of tangible property in the
QOZ commences with a QOF is not applicable to the land on which
the building is located.

•A substantial improvement to the building is measured by the QOF’s
additions to the adjusted basis of the building (excluding the land).
“
WALKER & DUNLOP
According to the Hartford
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland,
is one of the largest commercial real estate services and finance Courant, 80 percent of
companies in the United States providing financing and investment Americans who don’t own homes,
sales to owners of multifamily and commercial properties. Walker &
Dunlop, which is included in the S&P SmallCap 600 Index, has over still feel that home-ownership is part
650 professionals in 29 offices across the nation with an unyielding
commitment to client satisfaction. of the “American Dream.”
Walker & Dunlop has strong relationships with a range of capital
providers: institutional funds, pension fund advisors, life insurance ”
companies, real estate private equity firms, REITs, foreign capital
sources, family offices, registered investment advisors, and high
net worth individuals. This breadth of deals and markets adds up to
exceptional terms,
savings, and value.
Mark Plenge
Senior Vice President
mplenge@walkerdunlop.com
408.747.7448

Mackinley Roinson
Senior Analyst
mrobinson@walkerdunlop.com
206.538.5091

20 VENTURE | 2019 STATE OF THE MARKET VENTURE | 2019 STATE OF THE MARKET 21