As the Opportunity Zone 2.0 program nears full gear in January 2027, both commercial real estate developers and financial advisors are making moves to take advantage of it. While all of the tract nominations won’t be finalized until the fall, some real estate developers are moving ahead with new funds designed to take advantage of OZ 2.0. OZ 2.0 has several features that make it more powerful from a tax optimization perspective than the original program.” Another part of the OZ 2.0 program Connor is excited about is the 30% basis step-up on deferred gains for investments in rural Opportunity Zones. For example, in late April, Peakline Real Estate Funds, a Chicago-based private real estate investment firm, announced the launch of its Peakline Real Estate Qualified Opportunity Zone Fund IV (PREF QOZ OV) program—its fourth.