Morrison & Foerster partner Jay Blaivas spoke to The Real Deal about Belpointe REIT, a new family-run, non-traded public real estate investment trust with a $3 billion opportunity zone-focused REIT.
Jay, who knows firsthand the challenges in getting a new fund off the ground, discussed the obstacles a new fund like Belpointe might face. He noted that “growing a business requires both clout and trust,” and also pointed out that partnerships are currently the dominant structure in the OZ space.