Browse Tag

Real Estate - Page 4


Black Real Estate Businesses & Professionals

From the beginning of recorded time, real estate or land and property ownership has been responsible for the creation of many fortunes. Here are some Black real estate business owners and professionals who are at the top of their game.

Black Real Estate Business Owners & Professionals

Ayesha Selden (Philadelphia, PA) is a self-made millionaire who has amassed a real estate portfolio of 0ver 30 properties and 41 units. She is also an author, public speaker, and coach.

black real estate

Cedric Matheny (Atlanta, GA) is Principal and Vice at President T.Dallas Smith & Company. He specializes in Tenant and Buyer representation services for corporate users of office, industrial, retail, and land. He also advises clients on-site selection, real estate investment, and real estate development.

black real estate

Eze Okwodu (DMV area) With over fifteen years of experience as a real estate investor, Eze is committed to helping his clients find their dream properties that not only meet their needs but are sound financial investments.

black real estate

Daniel D. Thomas (Bridgeport, CT) Since starting his career at the age of 19. By the age of 23, he became one of the youngest Real-Estate Brokers in the country to open his own firm Daniel D. Thomas Real-Estate.

black owned real estate

Kofi Nartey is the founder of Society Real Estate & Development. A leading authority on luxury real estate, he is the go-to broker for celebrities, prominent sports figures, and affluent clientele around the globe.

C. David Moody (Lithonia, GA)  is the President and Chief Executive Officer of C.D. Moody Construction Company, Inc., one of the largest Black-owned construction firms in the U.S.

black owned construction company

G. Lamont Blackstone (Mount Vernon, NY) is the principal of G. L. Blackstone & Associates LLC, a commercial real estate consulting firm specializing in urban markets.

Lisa Phillips (Arlington, VA) is the founder of Affordable Real Estate Investments. She is also a real estate investor who is passionate about teaching others how to “cash in on working-class neighborhoods for higher profits.”

black real estate

Scottie Smith (Houston, TX) is the Managing Broker at Scottie Smith II & Associates. Mr. Smith specializes in sales, investments, property analysis, and valuation of multifamily and single-family properties in Texas.

black real estate

Roy Donahue “Don” Peebles (Washington D.C.) is the Founder, Chairman and Chief Executive Officer of the Peebles Corporation, the largest African American-owned real estate development and ownership company in the US.

black real estate


Harrison Beacher (Washington, D.C) has dealt with and successfully helped close every kind of deal from multi-million dollar sales, to foreclosures, short sales, co-ops,estate sales, first-time buyers, Down payment assistance program deals, investors, rentals, and everything in between.

Adenah Bayoh ( Irvington, NJ) is the founder and CEO of Adenah Bayoh and Companies, a real estate development portfolio with over $250 million dollars in urban redevelopment projects.

black real estate

Quintin E. Primo III (Chicago, IL) is the co-founder and CEO of Capri Capital Partners, a real estate investment firm specializing in mezzanine investments in real estate private and publicly held companies.

Kenneth H. Fearn (Los Angeles, CA) is Founder and Managing Partner of Integrated Capital LLC, a leading hotel-focused, private real estate advisory and investment firm. 

mTkalla (pronounced T’kalla) Keaton (New York, NY) has over twenty-five years of experience managing properties in Brownstone Brooklyn.

Egypt Sherrod (Atlanta, GA) is an award winning Realtor ® and CEO of The Egypt Sherrod Real Estate Group. Egypt’s daily business activities include counseling modest first-time home buyers to quarterbacking the listing/marketing of homes owned by corporate leaders, celebrities, physicians and investors throughout Atlanta.

Brendan Wright (Atlanta,GA) is a realtor with Atlanta Fine Homes Sotheby’s International Realty and a Certified Negotiation Expert. In 2013, Brendan was recognized as Atlanta Fine Homes Sotheby’s International Realty’s youngest Multi-Million Dollar Sales Club member.

Michael Russell (Atlanta, GA) is the CEO of H.J. Russell & Company, a vertically integrated service provider specializing in real estate development, construction, program management, and property management. Michael founded the company in 1952 and led it for 50 years.

Victor MacFarlane (San Francisco, CA) is chairman and chief executive officer of MacFarlane Partners, which he founded in 1987 to provide real estate investment management services to institutional investors.

Kenneth Bacon (Bethesda, MD) is Co-founder and Managing Partner of RailField Partners. Prior to forming RailField, Ken spent 19 years at Fannie Mae, most recently as the Executive Vice President and Head of the Multifamily Business.

Sundra Ryce (Buffalo, NY) is the President and CEO of SLR Contracting & Service Company, Inc. SLRoffers commercial general construction, construction management, and design-build services for new construction and renovation projects, schools, nuclear facilities, and government projects.


-Tony O. Lawson

Subscribe and Follow SHOPPE BLACK on Facebook, Instagram &Twitter


Adenah Bayoh Escaped Civil War and Built a $225M Real Estate Portfolio

When Adenah Bayoh was eight years old, civil war in Liberia forced her into a refugee camp. She immigrated to the U.S. when she was thirteen. By the time she was twenty-seven, she was one of the youngest IHOP franchise owners in the country. Her location soon became one of the most profitable in the Northeast.

Adenah has since received numerous awards and has been named one of the top 50 business women in New Jersey and one of Ebony Magazine’s Power 100. In 2015, the Federal Reserve Bank of New York named Adenah to its Small Business and Agricultural Advisory Council. We recently had a chat with her about her amazing journey. This is what she had to say:


SB: What was the most valuable lesson you learned from your experience in a refugee camp?

AB: I learned that becoming a victim in difficult circumstances is a choice and that it was not going to be my choice. Escaping the war motivated me. I wanted to find opportunities and move forward instead of looking back.

I learned that even in the toughest situations there were always options and resources I could tap if I was willing to work hard enough. When we were in the refugee camp, my cousin and I would cross back into Liberia to get fruits and vegetables and then sell them in the camp in Sierra Leone. I was always hungry for opportunities.

SB: You were very close to your grandmother. How did she shape the person you are today?

AB: My grandmother would always say, “you have to wake up before everyone else and do more than everyone else,” and that wasn’t just an inspirational quote. She really lived that way. My grandmother played a big part in raising me when we lived in Liberia because my parents were working in America to pay for our schooling.

My grandmother is an amazing woman. She owned over 100 acres of farmland, she owned restaurants, and she was involved in real estate. She was highly respected and growing up, she really helped to shape my entrepreneurial drive. When I was six, she told me that I had a skill for business and had me working in her restaurant. I’m really thankful to her for helping me to realize my own potential and giving me a space to learn at a young age.

SB: What sparked your interest in real estate?

AB: Well, I knew it was a possible venture because as I mentioned, my grandmother owned a lot of real estate in Liberia. I chose to get involved because I knew it would be a solid investment.

In college at Fairleigh Dickinson University, I served as an Residents Assistant in the dorms and after I graduated and got my first renter, I realized that I was doing a lot of the same kind of work, except I was the benefactor.


SB: Community development is a passion of yours. In what ways do use your businesses benefit the communities where they are located?

AB: After immigrating to the U.S., I lived in Newark and saw firsthand how this community was often overlooked by businesses and investors. The negative perceptions about crime and the lower-income population didn’t inspire a lot of businesses to invest and those that did invest didn’t bring the kind of quality goods and services that are offered in other communities.


My goal was to bring high quality services to Newark and other urban markets and to ensure that my real estate development projects and other ventures bring value, generate opportunities, and serve as a catalyst for more economic development. I also make it a priority to utilize and support minority and local businesses and to invest in the people in these communities. I believed that when communities such as these get better the world gets better.

SB: Why is it important for you to expand your business interests to West Africa? What are you planning for West Africa?

AB: I have a yearning to help rebuild my home country of Liberia. I’m currently working to start a nonprofit called “Hope Well” there. It will be a mobile clinic that can provide medical care, screenings, and important supplies to the villages in the country’s interior.


SB: This summer, you will open your first fine dining establishment, Cornbread. What should we know about Cornbread?

AB: I’m really proud to announce that Cornbread will be my own signature line of fast casual, farm-to-table, soul food restaurants. Also, the support of sustainable and organic farming practices will be central to Cornbread’s goal of serving high-quality soul food.

CB 2015-12-22 at 8.25.33 AM

We’ll be sourcing our meat, fish, and produce from over 120 small-production, family-owned farms throughout the New Jersey and Pennsylvania region and we excited to cultivate a true “farm to soul” experience. The first location will open in Maplewood, New Jersey.

CB 2015-12-22 at 8.24.59 AM

SB: Based on what you have learned so far, what advice would you give to aspiring entrepreneurs in any industry?

AB: I would tell them to be present and stay in the moment because you never know when you will need to draw on your various experiences. Don’t allow your circumstances turn you into a victim and keep a positive attitude. When I arrived in America, I was severely behind in academics, but I didn’t let that intimidate me. It seemed like there were endless possibilities in this country, so I pushed to be the best.


There’s no substitute for hard work, but when you’re motivated and driven, nothing or no one can stop you. Additionally, don’t be deterred by “No.” I was turned down by seven banks before I was able to secure a loan for my first IHOP. However, those seven “No’s” prepared me for my “Yes”. By the time I got to the 8th bank I had addressed every possible issue, concern, or question so there was no way I could be denied.


Tony Oluwatoyin Lawson