Cohen Property Law Group's David Cohen and Liam Krahe recently spoke with Law360 about their innovative Qualified Opportunity Zone (QOZ) fund. With a vast client base seeking tax strategies, they launched SF QOZ Fund 1 LLC earlier this year, offering investment opportunities while deferring capital gains taxes. This move elevates their law firms' value proposition, positioning them uniquely as attorneys who manage an Opportunity Zone fund alongside their legal practice.

"We do 300 to 400 transactions a year. I would say 85% of those clients have some taxable gain or are looking for tax strategies to resolve their gain. And that whole set of clients reloads every year," Liam said. "So we are in a unique situation where we have access to people that have [capital] gain and that can benefit from this program."

"As real estate attorneys, we have helped many clients with qualified Opportunity Zone investments, and also structuring from a security standpoint, and therefore it made sense for us to pivot and create our own fund so that we could create a solution for our clients," David said.

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