by CRE Development Capital | Jul 20, 2022 | Opportunity zones
The Section 1031 exchange has been around for over 100 years. Much like Opportunity Zones, chaining together a series of 1031 exchanges can offer an incredible tax incentive for real estate investors. But when might an OZ investment be a better option?
Lawrence Jatsek, managing partner at CRE Development Capital, joins the show to discuss how Opportunity Zones compare to 1031 exchanges, and when to make use of one or the other as a real estate investor.
Managing Partner
Lawrence has been involved in real estate investment and development for over 30 years as the CEO of a general contracting and development company which included, general contracting of complex projects and ground up development predominantly in the San Francisco Bay Area. Lawrence has also had substantial involvement on hundreds of millions worth of real estate assets, involving high-rise, commercial and residential construction projects.
Managing Partner
Mr. Alexander served 22 years as a Senior Vice President of a wholesale banking institution with over $180 billion in assets. During his banking career Mr. Alexander was responsible for representing the Bank before Congress, The White House, Treasury and banking regulators. Prior to that, Mr. Alexander spent 12 years as an investment banker and financial advisor for professional sports teams, states and local governments. Mr. Alexander specialized in the financing of stadiums, sports facilities and large transportation infrastructure. In that capacity he structured and managed the issuance of over $10 billion in debt securities. He served as lead financial advisor or lead banker on 13 stadium and arena projects including the, Tennessee Titans stadium, Oakland Coliseum (arena and stadium), Camden Yards (baseball and football), the New Boston Garden, and the Phoenix Suns arena. He also served as lead financial advisor to the Bay Area Rapid Transit District (BART) on their SFO extension project as well as other general infrastructure and housing projects. Prior to his work in banking Mr. Alexander was a judicial clerk to the Honorable Linda Taliaferro, Chairman of the Pennsylvania Public Utilities Commission and served on the economic development policy staff of the Honorable Rudy Perpich, Governor of the State of Minnesota.
Managing Partner
Mr. Jatsek has been involved in real estate investment and development for over 30 years. Mr. Jatsek worked as a laborer and carpenter during his high school and college days gaining invaluable hands on field experience which laid the groundwork for the next 27 years in the real estate industry. After obtaining a degree in Business and Operations Management from The Ohio State University, he moved to California where he worked with large commercial contractors before starting his own general contracting and development company which included, general contracting of complex projects and ground up development in the San Francisco Bay Area. With substantial involvement on over 155 million worth of real estate assets, Mr. Jatsek brings extensive experience in real estate investment and development involving highrise, commercial and residential construction projects. He has developed and exited over $35 million worth of assets of his own real estate development projects. Mr. Jatsek holds a BS in Business Administration and Operations Management from The Ohio State University, is a licensed general contractor and a licensed real estate professional.
Managing Partner
Mr. Jatsek has been involved in real estate investment and development for over 30 years. Mr. Jatsek worked as a laborer and carpenter during his high school and college days gaining invaluable hands on field experience which laid the groundwork for the next 27 years in the real estate industry. After obtaining a degree in Business and Operations Management from The Ohio State University, he moved to California where he worked with large commercial contractors before starting his own general contracting and development company which included, general contracting of complex projects and ground up development in the San Francisco Bay Area. With substantial involvement on over 155 million worth of real estate assets, Mr. Jatsek brings extensive experience in real estate investment and development involving highrise, commercial and residential construction projects. He has developed and exited over $35 million worth of assets of his own real estate development projects. Mr. Jatsek holds a BS in Business Administration and Operations Management from The Ohio State University, is a licensed general contractor and a licensed real estate professional.
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