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Hundreds of billions of dollars flow through commercial real estate every year, but the people who control the vast majority of that wealth are White.
This has been a truism since the dawn of the modern commercial real estate era in the 1980s. But as the nation’s pension funds, insurance companies, university endowments and the wealthiest among us pump more and more of their money into commercial real estate, a rigorous accounting of the makeup of the people who control that capital has never been done.
Soon after the killings of George Floyd, Ahmaud Arbery and Breonna Taylor, Bisnow wrote an open letter to the industry promising that “our newsroom will be digging even deeper to hold this industry accountable to its collective desire to be a more diverse and…
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