Where is OB3 one year later, and what's next for opportunity zones?
20 August 2026
A year after the One Big Beautiful Bill Act passed and with Opportunity Zones now entering a second act, the tax and structuring landscape for CRE has evolved. In this episode of CRE Exchange, Cole Perry and Omar Eltorai sit down with Lisa Knee, Managing Partner of Real Estate Services at EisnerAmper, to unpack what has changed. Lisa shares her knowledge on which OB3 provisions are impacting deals a year later, walks through the mechanics of Opportunity Zones 2.0, including the adjustment to a permanent program with rolling five-year deferrals, and discusses what she’s seeing in fund formation as investors demand more transparency and standardized reporting.
Resources mentioned
Key moments
01:18 Lisa’s role at EisnerAmper
08:56 OB3 tax bill impacts
14:00 Opportunity Zones 2.0 overview
24:19 Avoiding QOF structuring pitfalls
33:50 AI capital and city revivals
36:21 Outlook on the next 12 months
38:00 Where to follow Lisa
38:43 One industry change wish
Your guest and hosts
Lisa Knee
Managing Partner, Real Estate Services
EisnerAmper
Omar Eltorai
Senior Director of Research
Altus Group
Cole Perry
Associate Director of Research
Altus Group
Resources
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