Steve Case’s VC Firm Moves Into Direct Real Estate Investing
- Property investors Cousley and Myers will launch initiative
- Spurring startups in ‘opportunity zones’ with co-working space
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Steve Case’s Revolution LLC hired real estate investors Starling Cousley and Clint Myers to develop properties for startups in U.S. regions overlooked as potential tech hubs.
Cousley and Myers will join the venture capital firm as partners and take advantage of new tax incentives for investing in “opportunity zones,” according to a statement released Thursday. These are lower-income areas eligible for a range of benefits, including one that exempts investors from paying income taxes on capital gains.