Business Wire
Nov 2, 2021
O'Mara joins Ozone as President
Ozone Capital Markets LLC, a consulting firm that operates as an educational resource and helps investors identify and connect with qualified opportunity zone projects, is pleased to announce that Michael O’Mara has joined the firm as President.
Mr. O’Mara’s experience in the commercial real estate industry spans a career of over 25 years, working in a wide array of business practices that include 12 years in the corporate sector. A substantial area of his work and expertise has been facilitating 1031 exchanges around the country and identifying and sourcing passive triple net lease investments, typically with corporate investment-grade ratings. O’Mara represented a client list that includes REITS, high net worth investors, family offices, developers, asset managers, attorneys, and tax and CPA firms.
Following the 2017 Tax Cuts and Jobs Act, O’Mara pivoted to the arena of Opportunity Zones, leveraging his years of 1031 exchange experience to again help investors minimize and defer capital gain taxes. Today he is involved with a host of Qualified Opportunity Zone Funds and Businesses around the country, identifying projects from the ground up and leveraging his deep market knowledge and expertise. O’Mara facilitates the capital formation of hundreds of millions of dollars into opportunity zone projects and businesses with a special focus on social impact investments in the most opportunistic opportunity zones around the country.
The Opportunity Zone Program is perhaps the most significant tax haven in U.S. history. It allows investors with capital gains to defer, reduce, and ultimately eliminate taxes when investing in a business or building project within a Qualified Opportunity Zone. There is over 2,000+ projects across 8,700+ designated Opportunity Zone locations in the United States. Investors often find it difficult to navigate this disjointed space and this is where Ozone Capital Markets adds value.
“Ozone Capital Markets is uniquely situated to assist investors and sponsors of Qualified Opportunity Zone Projects,” said O’Mara. “The space is getting more complex, and I look forward to growing Ozone’s footprint in this expanding marketplace.”
O’Mara will be expanding Ozone Capital Market’s broker network in addition to the worthwhile Qualified Opportunity Zone Projects on our platform. He will also be expanding our educational materials which assist clients in the decision-making process.