Browse Tag

Real Estate - Page 2

Published on
4 mins read

Alternative Investments 101: An Overview of Real Estate, Private Equity, and More

Alternative Investments

Alternative investments are a popular way for investors to diversify their portfolios and potentially earn higher returns. These types of investments are not the typical stocks, bonds, and cash, but rather a range of other assets that offer the potential for higher returns and lower volatility.

Real Estate

Real estate is one of the most popular alternative investments and can take many forms, including residential properties, commercial properties, and real estate investment trusts (REITs). Investing in real estate allows investors to earn income through rent and capital appreciation. Furthermore, real estate can provide diversification benefits as it doesn’t always move in sync with the stock market.

Private Equity

Private equity funds invest in private companies, typically with the goal of taking the company public or selling it to another company. These investments can provide significant returns, but they also come with a higher level of risk. Private equity is only available to accredited investors and institutional investors.

Hedge Funds

Hedge funds use a variety of investment strategies to generate returns that are not closely correlated with the overall stock market. These strategies can include short selling, leverage, and derivatives. Hedge funds are only available to accredited investors and institutional investors, and they typically have higher investment minimums and management fees than traditional mutual funds.

Commodities

Commodities are raw materials that are used in the production of goods and services. Investing in commodities can provide diversification benefits and the potential for higher returns. Commodities can be traded through futures contracts, commodity ETFs, and commodity-focused mutual funds.

Art, Collectibles

Investing in rare and valuable art, antiques, and other collectible items can be a great way to diversify a portfolio. The value of these items can appreciate over time and they can also provide enjoyment while they’re held. Investing in art, and collectibles can be difficult, as it requires knowledge and expertise to accurately value the items.

Venture Capital

Venture capital funds invest in start-ups or early-stage companies with high growth potential. These investments can provide significant returns, but they also come with a higher level of risk. Venture capital funds are typically only available to accredited investors and institutional investors.

Infrastructure

Investing in infrastructure projects such as roads, bridges, airports, and other public assets can provide a steady stream of income through tolls, fees, and rentals. Infrastructure investments also provide long-term growth potential as the economy grows and the infrastructure assets become more valuable.

Private Debt

Investing in loans made to companies or individuals, such as real estate loans or small business loans, can provide a steady stream of income through interest payments. Private debt investments can also provide diversification benefits as the returns are not closely tied to the stock market.

Alternative investments can provide diversification and the potential for higher returns. However, it’s important to note that they also come with a higher level of risk, and they may only be available to accredited investors and institutional investors. It’s also crucial to do your research and understand the investment before putting your money into it.

Don’t miss any articles! Subscribe to our newsletter and follow us on Facebook, Instagram, LinkedIn & Twitter.

You might be interested in

Published on
3 mins read

Proptech 101: Understanding the Growth and Impact of Real Estate Technology

proptech

Proptech (property technology) is the use of technology to improve the efficiency and profitability of real estate transactions and operations.

From online platforms for buying and selling properties, to virtual reality tools for property tours, to data analytics for real estate market analysis, proptech companies are leveraging the latest technology to create new and innovative solutions for the industry.

The proptech industry is experiencing significant growth, as more and more companies enter the market and investors begin to recognize the potential for strong returns. The market size is estimated to reach $86.5 billion by 2032, up from $18.2 billion in 2022. A report stated that there were 2,045 PropTech companies– operating in 66 countries – at the end of the fiscal year in 2021.

This growth is driven by a number of factors, including the increasing adoption of technology in the real estate industry and the growing demand for more efficient and sustainable real estate solutions.

Proptech can be used in a variety of ways to advance the real estate industry, including in the construction and sustainability sectors. In the construction industry, proptech companies are using technology such as Building Information Modeling (BIM) and 3D printing to improve the design, construction, and maintenance of buildings. This can lead to more efficient construction processes, reduced costs, and better-performing buildings.

In the sustainability sector, proptech companies are using technology such as energy management systems, smart building controls, and sensor networks to improve the energy efficiency and environmental performance of buildings. This can lead to significant cost savings for building owners and tenants, as well as a reduction in the environmental impact of the built environment.

One specific example of proptech in action is the multifamily industry, where technology is being used to improve the leasing process, streamline property management, and enhance the overall living experience for residents.

For example, many multifamily buildings now use digital platforms for leasing and rental payments, making the process more convenient for both tenants and landlords.

Additionally, proptech companies are developing virtual reality tools for property tours, allowing prospective tenants to explore a property from the comfort of their own homes.

Another example is the industrial industry, where proptech companies are using technology to optimize the performance of warehouses and distribution centers. For example, companies are using sensor networks and data analytics to improve inventory management, reduce costs, and increase efficiency.

Lastly, proptech is also being used in the office sector, where technology is being used to improve the experience of working in an office building. For example, companies are using sensor networks and data analytics to optimize the performance of HVAC systems, improve indoor air quality, and enhance the overall comfort of the building.

Overall, this dynamic industry offers a lot of potential for growth and innovation, and it will be interesting to see how it develops in the near future.

Follow SHOPPE BLACK on Facebook, Instagram, Twitter, and Linkedin

You might be interested in

Published on
8 mins read

McKissack & McKissack, a Black Owned Architecture & Construction Firm Managing Over $15 Billion in Projects

McKissack & McKissack

McKissack & McKissack is a national architectural, engineering, and construction management firm with 27 years of experience.

Deryl McKissack, founder and CEO of McKissack & McKissack, is the fifth generation of her family to work in design and construction.

Her company is a continuation of the nation’s oldest African American design and construction firm and traces its beginnings to Moses McKissack.

Painting of Moses McKissack I and his wife, Mirian.

Moses was brought to the United States from West Africa in 1790 as an enslaved person and learned the building trade while working as a brickmaker at a construction company.

He eventually received his freedom, started a family, and taught his son, Gabriel Moses II, the construction business. Moses II later became a famous craftsman and aided local firms with architectural drawings, design, and construction.

Moses II’s son, Moses III, also got his start in the construction business, founding the McKissack Company in 1905 and operating it with his brother, Calvin. They became the first licensed Black architects in the Southeastern United States and designed many of the historically Black colleges and universities in the region.

Master builder Moses McKissack III

In 1990, with a shoestring budget of $1,000, Deryl started McKissack & McKissack. Today, the firm is working on over $15 billion in projects nationwide.

We caught up with her to find out more about the new generation carrying on this legacy.

McKissack & McKissack
Deryl McKissack, founder and CEO of McKissack & McKissack

What inspired you to start your firm? 

Starting my business was 50% passion, maybe more. I had a burning feeling on the inside that I just definitely wanted to do something on my own and see if I can make it successful.

I was drafting architectural drawings under my father’s guidance by the time I was 6-years-old and was looking to build upon my family’s legacy in my own way.

After experiencing racism and sexism, I sought to build a firm that would create opportunities for minorities and women to be successful and work in safe and inclusive environments. 

What do you most attribute your longevity to? 

I’ve worked extremely hard to build a good reputation and that has been my backbone. We have expanded into great locations and have had so many wonderful opportunities to expand people’s lives through the range of projects we’ve completed. Having a good reputation is what I’ve been striving for for many years. 

To be a minority, especially a Black woman growing up in the industry, we weren’t expected to do much. We weren’t expected to have major projects that made a difference or projects that changed the face of cities or how Americans looked at history.

Creating and maintaining meaningful relationships and incorporating the latest advances in technology into our projects helped bridge the gap between myself and others. 

The fact that McKissack & McKissack has been able to work on various projects that matter, deliver on those projects, and keep our clients happy means a lot. It’s made us a national firm.

When I started the firm, I didn’t plan to go outside of a 30 mile radius of DC. I only wanted to travel on an airplane for leisure. Now we have offices in Chicago, Baltimore, Los Angeles, Houston, Dallas, and Austin. 

In what ways are you working to increase the number of Black professionals in the Architectural, Engineering, and Construction (AEC) industry? 

Our industry is very traditional in the sense that it’s run by white males. Company culture was not even thought about when I started 30 years ago. I was told to put my head down and do the work. That sentiment has completely changed.

People realized maybe 15 years ago that they’ve got to build a better culture – a culture of respect. We definitely want to get more women and people of color interested in the AEC industry.

I’m on the executive board of the ACE Mentor Program which starts with high school students getting them interested in STEM and engineering to help fill that pipeline of talent.

We’ve recently expanded the program where we’re providing high school students in their Junior and Senior years and college students internships with the hope that they will come and work with us upon graduation.

I’m also on the board of the organization, Living Classrooms, where we work with elementary kids to get them interested in STEM. 

In what ways does ESG play a role in your business decisions?

ESG is no longer optional. It is an increasingly important lens for companies to look at what it means to do things the right way. It boils down to running the kind of mission-driven company where people want to work and clients are proud.

Everyone right now wants sustainable buildings and materials. It used to be that this was something extra like an add-on service. Now it’s incorporated into everything that we do.

ESG benefits every company by saving clients money, increasing productivity, fostering a ‘team player’ atmosphere, encouraging a strong sense of pride in work, and turning obstacles into assets. 

Who inspires you? Why? 

There is something about high-achieving people that inspires me. I admire the way they are able to stay focused and achieve their goals despite difficult circumstances. 

What do you do to relax? 

Bike riding and watching football. 

What advice do you have for other entrepreneurs? 

You have to deliver. Under promise and over-deliver. You have to be a trustworthy partner to your clients and that comes with a lot of hard work.

Your product or service is one thing but as an entrepreneur, you also have to consider the administrative piece – counting your money, having lawyers, and insurance for your employees.

All of these things encompass entrepreneurship. Stay determined and disciplined and you will reach your goals.

– Tony O. Lawson

Want to invest in Black founders? Please fill out this short form.

 

You might be interested in

Published on
1 min read

Preserving The Historic Black “SANS” Neighborhood in Sag Harbor

SANS

Sag Harbor Hills, Azurest & Ninevah Subdivisions (SANS)  is an African American beachfront community in Sag Harbor, New York.

Founded following World War II, the SANS community served primarily as a summer retreat for middle-class African American families during the post-WWII and Jim Crow era.

sans

In March of 2019, SANS was named to the New York State Register of Historic Places. SANS made its way onto the National Register of Historic Places just a few months later. In December of 2019, SANS was among those honored with a State Historic Preservation Award for Excellence in Historic Preservation Organizational Achievement.

The SANS Steering Committee was honored again in June of 2020 when Preservation Long Island presented a 2020 Project Excellence Award to SANS for their National Register Survey & Nomination.

Terri Wisdom, founder, and CEO of Harlem Network News has close familial ties to the SANS region. We caught up with her to find out more about this historic neighborhood and her work at Harlem Network News.

In this interview, Terri shares:

  • The early history of Sag Harbor’s SANS region
  • Sag Harbor’s connection to the “Amistad” movie.
  • How gentrification is affecting the area
  • The importance of preserving historic Black neighborhoods.
  • The importance and benefits of having a local media outlet in Harlem
  • The Harlem Network News initiative to bring Brittney Griner home

-Tony O. Lawson

You might be interested in

Published on
8 mins read

Black Owned Architecture Firm Designs Hurricane-Resilient Buildings

Stacy A. Bourne FAIA is the founder of The Bourne Group, a Black-owned architecture, and urban design firm on a mission to build resilient spaces and inspire social change, through collaborative design.

Black-owned Architecture
Stacy A. Bourne FAIA

We caught up with Stacy to learn more about her business.

What inspired your move to the US Virgin Islands?

In September 1989, Hurricane Hugo struck the U.S. Virgin Islands. It was the first in more time than could be recalled. I was a student at Tulane University’s School of Architecture.  Lydia Webbe, my sister at Tulane and friend from the Virgin Islands, had to return home because of the impact of the storm.  

While working for architect Christopher Green, she recommended me when he needed more people.  I remember the day he called.  My parents were just coming in from the road trip, with lots of people in the house, while I’m trying to play cool on a phone interview of my only job offer. In the Virgin Islands no less.

Why did you decide to specialize in hurricane-resilient architecture?

I’m not sure if I chose it or if it chose me.  My path to the Virgin Islands in 1990 was because of a hurricane, resulting in my experience in commercial and historical structures.  

My experience in advocacy and legislating for building codes in 1995 came as a result of a hurricane and needing standardization through codes to save communities. My role as an architect shifted to a residentially focused career, completing over 1000 custom hurricane resilient homes. 

My international experience between Canadian, British, and American building codes through the financial and banking industries expanded in 2007 because of a hurricane. 

Through a pair of hurricanes, in 2017, we expanded yet again into higher education and government facilities, paying particular attention to resiliency strategies across the campus and the Virgin Islands territory.

What role does the Black architect play in the Black community?

One of the most admired attributes that the US Virgin Islands has to me, isn’t its beaches, food, or activities. Its that everyone in Black!  The Governor is Black, his Lieutenant Governor is Black.  The senators are Black. The Chief of Police… Over time, you will get to know them, understand passionate discussions, willingness to take initiative, and even risks.  

Living in a community of color, with mixed ethnic cultures, has allowed me to exude a different level of confidence and understand the importance of connection to the community.  It is at this level that you begin to realize what is involved in inspiring social change. Change for an improved economy, environment, and culture for communities to thrive. This gave me much more confidence when speaking externally with other professionals and groups.

I met the first architect that looked like me when I was 24 in the Virgin Islands. I was used to being the only, or one of a handful, Black faces in the rooms since I was in the fourth grade. I decided I wanted to be an architect in the 10th grade, without ever having met one.

I had internships at Black-owned firms in St. Louis and New Orleans but the day I met Donna DeJongh, a Black female architect, nothing would come out of my mouth. I think it’s always important to have a mentor, someone to look up to push you and hold you accountable. My father always said, “Make sure that you’re not the smartest person in the room. If you are, change rooms.”

As a Black architect, I intentionally help my communities. I’ve learned the importance of relationship building. It is through these relationships that we can leverage our skillsets as architects and planners into virtually every industry, particularly those that affect our community’s utilities, resources, creative strategies, and more. 

Start where you are. In your block, in your neighborhood, your community. Become an advocate for the issues that you know.

For the growth of our communities, it is important to have an architect on your team to capture the vision of the community. As a planner, knowing with whom to collaborate, fulfill to its greatest extent the boundaries of the codes mixed with good design, and a plan for the future. 

Why do you think it’s important to incorporate resilience measures into designing and planning?

It is clear to me that hurricanes are not going to go away.  In fact, combined with some of the climate change information, the dry seasons will become longer and rainstorms will be shorter and heavier.  The ocean currents will continue to increase and the wind gusts in the Atlantic, Gulf of Mexico, and the Caribbean Sea will continue to provide favorable conditions to increase hurricane activity. It is no longer a matter of IF we have a hurricane but WHEN we have a hurricane.

This transformational thinking is proactive, not reactionary. We begin to ask and seek solutions to different questions based on our disaster typology and our location.

  • How can we minimize the impact of disasters on a statewide scale, community scale, and individual scale? 
  • What is our most resilient available material and is it sustainable?  
  • What areas are flood prone, what communities are there and what resources will they need?  
  • How can we control indoor air quality in a mold-dominated environment?  
  • What is our community core and how can we restore that quickly and spread to surrounding areas?  
  • How are we engaging with our shorelines, and how does that affect our tourism and industrial products?

What are your thoughts on diversity in the field of Architecture?

There are 115,000+ architects and 2,800+ Architects in the AIA College of Fellows BUT….

Diversity in architecture is critical in so many other areas than statistics. I’ve chaired several national and local boards and our contributions to community activities and planning, beyond buildings, cant be quantified. 

We lend our expertise to contributions to social change, inclusiveness in design strategies, community envisioning, disaster resilience, and mentorship, just to name a few.

-Tony O. Lawson

You might be interested in

Published on
3 mins read

E-Commerce is Creating Investment Opportunities in This Real Estate Niche

Industrial Real Estate

The increase in e-commerce activity, labor constraints, and customer expectations about product delivery time are exerting pressure on supply chains and driving demand for industrial real estate.

Small bay warehouses specifically. This sector has outperformed its larger counterparts by a significant margin, despite the hype surrounding larger distribution facilities acquired by major tenants such as Amazon.

Amazon and other e-commerce fulfillment organizations are responsible for roughly 40% of industrial property leases, and that number is steadily rising as companies rush to include e-commerce as part of their business models. 

According to a recent industrial real estate report, companies leased more than 137.9 million square feet of industrial space in the third quarter of 2021, a new record. The most popular size category was between 10,000 and 49,000 square feet, which accounted for more than half of the leasing activity.

To reach and retain customers, retailers are shifting their attention to providing consistent, speedy delivery in dense population clusters. As firms continue to adopt same-day and one-day delivery, the strategic importance of the last mile cannot be understated.

As retailers and logistics companies strive for greater consumer accessibility, rents for well-located light industrial buildings in heavily populated, developing markets will continue to exceed those for larger warehouses in remote regions.

Properties under 70,000 square feet have the lowest average availability (5.8 percent) of any size range, as well as both the highest average rents and, have experienced rent growth of 33% between 2015 and 2020.

Leases tend to be shorter-term, which allow rents to adjust more quickly to market and new demand conditions. As a result, market rents for smaller spaces tend to be less volatile over the long-term. In addition, small warehouse market rents tend to outperform larger bulk distribution spaces in both periods of economic strength and weakness.

Small bay industrial facilities also benefit from low operating and capital expenses, which generate high cash flow efficiency relative to other property types.

E-commerce will keep driving the need for industrial space, and as a result, this new urban logistics asset class will spark more developer and investor interest.

We hope this guide was helpful and shows that with any type of investment, it pays to do your homework.

Tony O. Lawson

 

 

You might be interested in

Published on
4 mins read

4 Reasons Why Mobile Home Parks are Recession-Resistant Investments

mobile home parks

Mobile home parks (MHPs) are frequently associated with a variety of unfavorable perceptions and the idea that they are unattractive places to live.

Many people do not realize that some of the richest people in the world have been investing in MHPs for years. One reason is that this asset class can produce exceptional returns even in the worst economic circumstances.

Here are five reasons why mobile home park investments are recession- and inflation-resistant.

1. Mobile home parks are the most affordable housing.

During a recession, it is natural for individuals to seek out the most affordable ways to live. Mobile home parks experience increased demand during economic downturns because they are the most affordable housing option.

According to the U.S. Department of Housing and Urban Development, manufactured homes can cost half as much per square foot to construct as site-built homes. Census data. A manufactured home costs approximately $70,600 on average, compared to $286,000 for a single-family site-built home, excluding land costs.

In many parts of the country, the monthly rent for a manufactured home with land in a land-lease community averages between $844 and $935.

2. Residents own their homes and rarely move.

Affordability attracts residents, but ownership of a mobile home ensures their long-term presence. This resident ownership is the most distinctive characteristic of MHPs and a little-known reason for their stability throughout all market cycles.

Residents pay monthly rent for the lot on which their home sits, but because they own their homes, they are also responsible for all ongoing repairs and maintenance.

As homeowners, residents have ownership pride and a vested interest in staying at the MHP, resulting in their rare relocation. It is not uncommon for residents to reside in the same park for an average of 15 years, and some residents live their entire lives in the same park.

 3. Multiple Income Streams

In multifamily buildings, rent is the only source of income. When you own a mobile home park, there are multiple ways to generate income. You can generate income by renting out space in your park. You can also purchase multiple mobile home units and rent them out. Additionally, you can rent out additional garage spaces and even issue master leases if you so choose.

4. Supply is Restricted and Declining

It is very difficult to construct new mobile home parks in desirable locations. As the majority of MHPs were built in the 1960s and 1970s, most cities’ zoning regulations prohibit the construction of new parks. Additionally, MHPs are frequently targeted by developers who want to convert them into more expensive housing options, such as multifamily apartments.

Estimates indicate that the national supply of Mobile Home Parks is decreasing annually, which, when combined with rising demand, creates an extremely favorable investment structure for the long term.

Tony O. Lawson

Thanks for being a premium member! If you have any suggestions on topics we should cover, please email us at hello@shoppeblackpremium.com.

 

You might be interested in

Published on
7 mins read

Largest Black-Led Bank Hosts Conversation About Real Estate and the Wealth Gap

Black-Led Bank

“Black Voices in Real Estate LA/DC” conducted a bi-coastal virtual panel this past Black history month featuring various real estate, banking experts, and Black newspapers.

This virtual panel, conducted by City First Bank, the leading, Black-led bank in the U.S. and Housing Finance Agency, sought to strategize on the role of black developers in closing the racial wealth gap.

Purpose of the Panel

The panel brought together “top developers and other community development partners working on strategic initiatives that help increase economic mobility for Black Americans, specifically supporting Black developers.”

This partnership included “America’s Historical Black Newspapers that aimed to bring awareness to the “origins of the racial wealth gap dating back to the reconstruction era.”

The first panel was moderated by Micha Green of The Afro.

Panel participants included:

  • Shironda Evans, Blue Sky Development
  • Micha Green, AFRO D.C. Editor
  • Kenyan McDuffie, DC Council Member
  • Danny Bakewell, L.A. Sentinel/ LA Watts Newspaper
  • Kymber Minketit, Keller Williams Capital Properties
  • Harvey Yancey, H2DesignBuild
  • Omar Karim, Banneker Ventures
  • Don Peebles Jr. III- Legacy Development
  • Tom Nida, City First Bank
  • Sonja S. Wells, City First Bank

And many others.

Sonja S. Wells of City First Bank, the only Black chief lending officer in D.C., opened the discussion, introducing the panel.

She noted that the individuals and organizations on the panel are “leading centers of influence and pioneers in D.C. and L.A.’s commercial real estate scene who are engaged in community economic development.”

“They are primarily leading the development of the urban landscape by producing tomorrow’s affordable housing mixed-use real estate and community facilities to create opportunities for minority contractors’ employment as well as homeownership for low to moderate income communities.”

Key Takeaways:

Black developers are focused on community economic development:

Sharonda Irving of Blue Skye Construction and Development welcomed viewers to the Forum and shared several of her organization’s community initiatives that have successfully helped vulnerable members of the DC community. Her company is one of a few Black-native DC commercial real estate development firms, responsible for the development of many impactful projects.

One imminent project is a part of the Hill East neighborhood of Capitol Hill, which contains twelve thousand square feet of retail space, outdoor seating, and 100 units for the District of Columbia permanent supportive housing program. 

This program “provides housing and workforce training opportunities to aid individuals transitioning from homelessness to permanent housing, and these units will all be affordable at 30% percent Area Median Income (AMI). In addition, it is designed “to help to stabilize women and families who had previously been experiencing homelessness and housing insecurities.” 

Blue Skye is also focused on hiring local DC contractors and working with CBE (Certified Business Enterprises within the District of Columbia. 

History of Racial Wealth and Housing Gap in America:

Micha Green stressed, “The United States of America has had a long history of discrimination toward African Americans in lending zoning, home ownership, and infrastructure development. These practices have resulted in a racial wealth gap in which Black wealth accounts for only about five percent of white wealth even though black incomes average about 60 percent of white annual income.”

The discussion included a Fireside Chat between Tom Nida, EVP of City First Bank, and Kenyan McDuffie, DC Councilmember and Chair of the Economic Development committee.

This chat included a visual timeline and breakdown of the history of the racial wealth gap in American housing dating back to 1865 and continuing throughout the end of the 19th century to the 20th century.”

Nida and Mcduffie broke down the history and discussed where we are today.

“It is the role of elected officials to acknowledge the challenges that exist in housing,” said Kenyan McDuffie.

It was stressed that systemic measures needed to be put in place that helps people own homes but also own commercial real estate. They noted that many minority business owners are doing well but don’t own the real estate they operate in, and policies and funding are being put in place by DC Mayor Muriel E. Bowser to ensure that these opportunities are present and expanded.

Closing the knowledge gap:

This compelling fireside chat was followed up by the main event featuring the leading Black developers from DC and LA as well as funding partners committed to supporting the Black developer ecosystem.  Danny Blakewell of The LA Sentinel and LA Watts Times moderated the panel.

The candid conversations focused primarily on addressing the communities’ needs, how to forge more significant partnerships within the community, what struggles developers were facing, and more.

Eloquently stated during the discussions is the fact that “if you don’t understand the rules of the game, you’re never going to win it.” 

“This unique peer forum shed light on the viable opportunity to invest in the often overlooked sector of Black real estate developers who are intentional about creating socio-economic impact as part of their mission. City First is proud to present the top Black developers in the country for this powerful thought-leadership roundtable. We hope that the first-hand knowledge shared with thousands of viewers nationwide will ultimately help close not only the knowledge gap in community development finance, but ultimately help close the persistent racial wealth gap in America.” said Gloria Nauden, City First Bank Vice President of Marketing and Communications, who served as the forum curator.  

 

Tony O. Lawson

Follow SHOPPE BLACK on Facebook, Instagram & YouTube

You might be interested in

Published on
1 min read

Black Investor Owns Over $70 Million Worth of Multifamily Real Estate

Multifamily Real Estate

Clive Davis is the founder of Park Royal Capital, a private equity commercial real estate investment firm focused on investing, acquiring, and operating multifamily communities.

He is a full-time multifamily real estate investor with a portfolio of nearly 2,000 units valued at over $70 million.

In this episode, Clive shares:

  • His journey from 20 years in corporate America to becoming a full-time investor.
  • His thoughts on the current multifamily real estate market.
  • The hottest markets for multifamily property investing.
  • What makes a good multi-family investment.
  • His blueprint for acquiring over $70 million in multifamily properties.
  • His thoughts on using real estate to create generational wealth.

Don’t forget to LIKE the video and SUBSCRIBE to our YouTube channel!

Don’t miss any of our articles: subscribe to our newsletter and follow us on Facebook, Instagram, LinkedIn & Twitter.

You might be interested in

Published on
2 mins read

Black Developers Make History With $100M Project in Birmingham

black developers

A team of Black developers is set to transform 222 acres of land in Birmingham, Alabama into an estimated 900 residential units, single-family, multi-family, and senior housing with a project that has an estimated cost of $100 million.

The Birmingham City Council, with Birmingham Mayor Randall L. Woodfin, today approved an ordinance authorizing the sale and development of real estate with Green Meadow Apartments, LLC.

The development team is all African American, including the general contractor. With over $2 billion, to date, this is the largest transaction led by African Americans in the city’s history.

“This is a great day for the city of Birmingham,” said Mayor Woodfin. “Not only because of the jobs, the homes, and the economic impact, but because of the history that is being made.”

The City sold approximately 222 acres of land located in the vicinity of Lakeshore Parkway at 1911 Tiger Walk to Green Meadow Apartments for a purchase price of $1.5 million.

Green Meadow Apartments will undertake a multi-phased project involving the development of single-family, multi-family, and senior housing which will include an estimated 900 residents and a commercial town center. This project is being led by CEO Michael German, who is the former Alabama representative for HUD.

Green Meadows’ preliminary studies suggest this will generate 240 permanent jobs and another 2,000 construction jobs. The total investment in this project will be $100 million. The project includes a town center with a grocery store and commercial and retail office spaces. This will generate $500,000 in property taxes in the first three years.

“We want to thank the mayor and council for their support in this transformational project,” said Cornell Wesley, director of the Department of Innovation and Economic Opportunity. “This sends a message to the entire country that African American and minority developers have a place in Birmingham, and we are aggressive and intentional about supporting their efforts.”

Tony O. Lawson

Don’t miss any articles! Subscribe to our newsletter and follow us on Facebook, Instagram, LinkedIn & Twitter.

You might be interested in

1 2 3 4 5