A survey found that 51% of real estate investors were considering investing in opportunity zone funds in 2019, while a further 12% are interested in the longer term. Although raising real estate funds to focus on ‘opportunity zone’ is a nascent sector, it is attracting a lot of interest from investors, pointed out a Preqin survey. “OZFs are seen as a way to generate high returns – investors are primarily targeting diversified value added and opportunistic funds rather than lower-risk core vehicles,” said the Preqin survey report. “Opportunity zone funds are an emerging trend in US real estate at the moment, promising significant tax advantages for regeneration projects. The benefits are clear – investors can expect to reduce their tax burden on any distributions they receive, boosting returns,” said Tom Carr, Head of Real Estate. Only 8% of investors surveyed by Preqin currently invest in opportunity zone funds as of the end of 2018. 51% are considering investing in opportunity zone funds in 2019, while a further 12% are considering investing in 2020 and beyond. Sixty-two opportunity zone funds are currently in market, seeking a combined $16bn from investors.