We welcome back Barrett Linburg to the podcast for a deep dive into the evolution of Opportunity Zones and also his firm, Savoy. Barrett shares how his focus on Opportunity Zone projects has shaped Savoy, why these tax-incentivized investments are so compelling for long-term real estate strategies, and how his team has expanded into property management, construction, and development. The discussion also highlights the transformation of Dallas neighborhoods, navigating legislation, and lessons learned from working with contractors and city partnerships.
We discuss:
- How Barrett discovered opportunity zones and built a firm around them
- The redevelopment of Bishop Ridge in Dallas and the strategy behind choosing locations
- Key changes from Opportunity Zone 1.0 to 2.0 and what they mean for investors
- Building out complementary businesses in property management, renovations, and construction
- Combining opportunity zones with PFC structures to maximize returns and affordability
Links
Barrett on X - https://x.com/DallasAptGP
Barrett on LinkedIn - https://www.linkedin.com/in/barrett-linburg-32070310/
Savoy Equity Partners - https://savoyequity.com/
Barrett’s first appearance on the show - https://youtu.be/6WkWK3BldgI
Topics
(00:00:00) - Intro
(00:05:52) - Barrett's real estate journey
(00:07:12) - Opportunity zones in practice
(00:21:08) - Case study: Bishop Ridge
(00:26:21) - Future of opportunity zones
(00:34:51) - Understanding OZ tax benefits
(00:35:16) - Clarifying misconceptions about OZ investments
(00:36:55) - Step up in basis explained
(00:38:46) - Investing in opportunity zone businesses
(00:43:47) - Challenges with general contractors
(00:48:42) - Expanding Savoy Equity Partners
(00:58:31) - Navigating PFC and OZ deals
(01:04:33) - Conclusion and contact information
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