A Multifamily in Focus research paper released by Freddie Mac shows that the Opportunity Zones tax incentives will likely lead to a significant influx of capital to multifamily investments in Opportunity Zones. The research paper compares a hypothetical investment under the tax structures offered by both traditional and Opportunity Fund circumstances. The simplified illustrative example demonstrates the clear advantage for investors that an Opportunity Fund can have over competing investments. A traditional investment that provides an 8 percent annualized return may provide a return of more than 12 percent if invested in a ten-year Opportunity Fund. Similarly, a five-year investment in an Opportunity Fund would increase returns for an investor from 4.6 percent to 7.4 percent, according to the analysis.