Connect CRE: Gentrification and O-Zones
By Daniel KaganOpportunity Zones
RCLCO Real Estate Advisors’ Eric Willett (Vice President) and Brett Dunlavey (Analyst) opted to put numbers to the issue by identifying census tracts with the most gentrification in recent years. The researchers did this by examining changes in real estate investment, household income levels and associated demographic characteristics, from which it built a Gentrification Index. That index, in turn, was applied to every Opportunity Zone in the 25 largest metropolitan areas.