Brick by Brick – investing in multifamily projects
Podcast

BuzzHouse: Understanding Opportunity Zone investments in multifamily projects

Baker Tilly’s podcast series specifically for professionals in the multifamily housing industry

On this episode, Don and Garrick speak to Executive Vice President of Baker Tilly Capital, Mike Fitzpatrick, on Opportunity Zones (OZ). They discuss the types of projects that are attractive to investors in the current market, the general underwriting benchmarks sponsors should be aware of, and how the election is impacting OZ equity.

If you have large capital gain, Mike will share some options for getting into an investment and how you can factor the value of OZ benefits into your investment analysis.

Baker Tilly’s OZ investment calculator

View the LIHTC panel event recording

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Next episode: Maximizing your LIHTC deal: LOIs and partnership agreements

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Special guest:

Mike Fitzpatrick, Partner, Executive Vice President of Baker Tilly Capital

Mike Fitzpatrick is a partner with Baker Tilly and executive vice president and principal of Baker Tilly Capital, LLC—the wholly-owned FINRA broker-dealer subsidiary of the firm. Mike works within the OZ and New Markets Tax Credit (NMTC) practice areas to provide flexible and affordable capital to qualifying projects and businesses. He specializes in overseeing structuring and placement of OZ investments through RIAs, Family Offices and to Accredited Investors.

Meet the hosts:

Donald N. Bernards, Partner at Baker Tilly

Don Bernards, the partner in charge of Baker Tilly’s housing transactions team, has been active in affordable housing since 1999. He is well-versed in tax issues, structuring affordable housing transactions and identifying major risks in a project. He has worked on affordable housing transactions in 26 states.

Garrick Gibson, Partner at Baker Tilly

Garrick Gibson, a partner on Baker Tilly’s housing transaction team, specializes in partnership tax concepts and tax-incentivized real estate for development projects. He uses his 15 years of experience to structure, model and analyze transactions, acquisitions, dispositions and reorganization of real estate, primarily representing developers.

Resource center:

Baker Tilly specialists understand your industry and how an unplanned event such as the COVID-19 outbreak can affect your organization. Visit our real estate coronavirus resources for additional tools and advice.

For more information on this topic, or to learn how Baker Tilly specialists can help, contact our team.

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