Own Your Practice and Create Tax-Free Wealth
OZ Investing for Doctors
Why doctors should consider OZ investing
Physicians face some of the highest effective tax burdens of any professional group: top marginal rates, the 3.8% net investment income tax, and substantial capital gains from practice sales or equity portfolios. Opportunity Zones offer a purpose- built shield.
Doctors are in the highest tax brackets and OZs are built for exactly that
Most doctors face federal capital gains rates of 20% plus the 3.8% Net Investment Income Tax (NIIT): a combined 23.8% on investment gains. OZ investing directly targets this exposure by deferring recognized capital gains until December 31, 2026, and eliminating federal tax entirely on any appreciation in the OZ investment held for 10+ years. The higher your tax rate, the more powerful the benefit.
No depreciation recapture on OZ real estate
When doctors invest in real estate directly or through funds, depreciation deductions reduce their taxable income during the hold period. But upon sale, the IRS recaptures that depreciation as ordinary income, taxed up to 25% under Section 1250. In a Qualified Opportunity Fund, this recapture benefit is eliminated at the 10-year exit. Investors who hold their QOF interest for at least 10 years can elect to have the fair market value of the underlying OZ property as their basis, meaning the accumulated depreciation is never recaptured.
Doctors often have multiple liquidity events & OZs work across all of them
Doctors frequently experience capital gains from a variety of sources: selling a medical practice or partnership interest, liquidating a concentrated stock portfolio from deferred compensation plans or disposing of investment real estate. OZ investing accepts any eligible capital gain from any asset class. Each qualifying gain event opens a new 180-day window, giving physicians recurring opportunities to deploy gains into a tax-advantaged structure throughout their careers.
Long investment horizons and estate planning goals align perfectly with OZ structure
Doctors who are mid-career or in their peak earning years often have 15–25 year investment horizons and significant estate planning needs. The 10-year holding requirement to unlock tax-free appreciation aligns naturally with this timeline. Additionally, if a physician passes away while holding a QOF interest, heirs receive a step-up in basis on the OZ investment, further compounding the estate benefit. OZ investing is increasingly being used by high-income professionals as a core component of intergenerational wealth transfer, not just a near-term tax deferral strategy.
About Opportunity Zones
Qualified Opportunity Zones (QOZS) are economically distressed communities designated by U.S. states and certified by the Treasury Department under the Tax Cuts and Jobs Act of 2017. Investing in these zones through a Qualified Opportunity Fund (QOF) unlocks a trio of powerful tax incentives-making them one of the most compelling vehicles for capital gains reinvestment available today.
There are over 8,700 QOZ census tracts across all 50 states, D.C., and U.S. territories-spanning urban neighborhoods, suburban corridors, and rural communities.
Key Benefits of OZ Investing
Capital Gains Deferral
Reinvesting eligible capital gains into a Qualified Opportunity Fund (QOF) defers your federal tax liability until December 31, 2026, keeping your capital working for you rather than flowing to the IRS.
Community Impact
Opportunity Zone investments are designed to direct capital into designated low-income communities, generating measurable outcomes such as job creation, affordable housing, and long-term economic development.
Diversification into Real Assets
OZ funds typically invest in tangible real estate and operating businesses, providing inflation-resistant, hard-asset exposure that is uncorrelated with public equity markets.
Tax-Free Appreciation
If you hold your QOF investment for at least 10 years, any appreciation generated inside the fund is permanently excluded from federal capital gains tax — one of the most favorable long-term investment structures available under current tax law.
OZDG: The Team Behind Your Investment
OZDG has established itself as a leading OZ advisory and development firm, with over 100 years of combined real estate experience and a proven track record across hundreds of transactions.
Graham Allison
Founder & CEO
20+ years of experience in real estate and economic development
Has a proven track record of identifying and securing lucrative investment opportunities
Specializes in “deck stacking,” a strategic approach to layering government subsidies and incentives to maximize returns for investors
Our Track Record
100+
YEARS OF RE EXPERIENCE
200+
INVESTORS ADVISED
$100M+
INCENTIVES IDENTIFIED
$4B+
COMPLETED PROJECTS
Our Current Offerings
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Great Seal Medical Campus
Location: Ross County, OH
Minimum Investment Amount: $50,000
Targeted IRR: 18% - 22%
Targeted Total Raise: $15M
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Fern Medical Village
Location: Columbus, OH
Minimum Investment Amount: $100,000
Targeted IRR: 25%+ (with OZ Benefits)
Targeted Total Raise: $14M
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The Phoenix
Location: Columbus, OH
Minimum Investment Amount: $25,000
Targeted IRR: 12% - 16%
Targeted Total Raise: $4.5M