Opportunity Zones - Considered an opportunistic/value add strategy?
I'm just starting to learn more about investing in opportunity zones as a fund that I will be interning for next year in the east coast will be deploying a lot of capital towards.
Given these are often times "distressed" areas to make JV investments for LPs doing development or redevelopment deals, is this considered an opportunistic/value add strategy?
In my opinion, a good portion of opportunity zones are not in truly "distressed" beater neighborhoods. I've noticed they are typically in up and coming areas near major metros which makes them great opportunities to invest in early on. For example Scottsdale or Austin etc.