'Enhance And Enrich': The Push To Grow Black Wealth Taking Hold In CRE Black leaders in commercial real estate are driving a new and growing wave of investment in the country’s communities of color, leveraging assets owned by Black institutions like historically Black colleges and universities. Similar efforts have gained traction over the years in residential real estate but have been slower to catch on in CRE. But with millions of dollars committed to growing wealth and reducing inequality in majority-Black areas by investing in commercial property, that is changing.
“We've seen, by way of gentrification, or by way of slumlords or just by way of mismanagement, a lot of degradation over the years,” Haltere Group Vice President Mikael Pyles said. “It's integral that companies like ours, Black-owned companies, come in and enhance and enrich these communities.”The Haltere Group, based… Read the full story here. |