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Brookfield Plans to Launch Fund Investing in Low-Income Communities

Views Of The Lambert Houses As Black Americans Cross Jobs Milestone
Photographer: Mark Kauzlarich/Bloomberg
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Brookfield Asset Management Inc.’s New York-based real estate unit plans to start an opportunity-zone fund, joining the roster of financial firms in taking advantage of new U.S. tax breaks for investing in low-income communities.

“We are launching a fund in the next month or two,” Brookfield Property Partners LP Chief Executive Officer Brian Kingston said Monday at the Milken Institute Global Conference in Beverly Hills, California.