New York-based Marcus & Millichap Inc. (NYSE: MMI) has sold a portfolio of opportunity zone properties in Jacksonville for $850,000.
The BC Rivermont Portfolio includes 19 lots, most of which are located in an opportunity zone. Opportunity zones were created by the 2017 tax reform legislation, which made certain low-income districts – including 21 in Jacksonville – tax havens for capital gains.
MMI's Allan Holbrook and Ryan Tomka represented the seller. The buyer is listed only as "a local developer"…
