The Fund’s Black and Hispanic joint-venture partners have intimate knowledge of local real estate market conditions, direct relationships with government officials, local banks, and access to best in class industry Black and Hispanic professionals; lawyers, real estate brokers, mortgage bankers, architects, electricians, plumbers, and construction contractors, etc. This summer, the Forum is poised to launch a second real estate fund, to raise an additional $50 million to invest in small-to-midsize multi-family property developments. This opportunity will be open to both accredited and unaccredited investors. The current commercial real estate markets in Black and Hispanic communities represent a unique investment opportunity. History reminds us that some of the best commercial real estate investment opportunities were created amid adverse conditions akin to what we are experiencing today.
The COVID-19 pandemic has served to high light, the persistent systemic economic inequities that have reduced wealth accumulation and intergenerational transfers for decades for Black and Hispanic families.
The Forum believes that the problems of economic inequality in America could be more effectively resolved if talented Black and Hispanic commercial real estate developers had access to reliable sources of equity capital to develop Black and Hispanic communities.