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Inclusive Wealth Creation: Reimagining Real Estate to Profit Renters, Communities and Investors

Brian Wolak May 29, 2021

A typical renter has 40 times less wealth than a homeowner, according to the 2019 Survey of Consumer Finances. When more than half of Black and Hispanic households are renters, it’s clear that they are disproportionately excluded from housing-based wealth creation. The disparity doesn’t stop there. Entire communities have been shut out from the profits of, or participation in, real estate built in their own back-yards. Unlike “qualified” investors, most low- and moderate-income residents face barriers to investing in community facilities, commercial developments and other real estate projects in their own neighborhoods. Why does the current model enrich the wealthy—and exclude so many? In this session, we will explore inclusive investment models capable of rebalancing the paradigm. Renters can profit from their apartment buildings. Neighbors can profit from developments in their neighborhoods. And investors can earn financial returns by charting a new frontier of wealth creation for generations to come.

Format

Panel

Meta Themes

  • Equity & Inclusion

  • Stakeholder Economics & Leadership

  • Impact Investing

Themes

Purpose and Desired Outcome

A more inclusive model of real estate investing where residents and communities profit alongside investors.

Audiences

  • Asset Managers

  • Allocators (Family Offices, HNW Individuals, Foundations)

  • Intermediaries (Financial Advisers, Investment Bankers)

  • Government

Speakers

  • NameChris Herrmann
  • TitleSenior Vice President, Equity
  • OrganizationEnterprise Community Partners
  • StatusConfirmed
  • NameRoy Swan
  • TitleDirector, Mission Investments
  • OrganizationFord Foundation
  • StatusInvited
  • NameJohn W. Haines
  • TitleExecutive Director
  • OrganizationThe Community Investment Trust
  • StatusInvited
  • NameKimberlee Cornett
  • TitleDirector, Impact Investments
  • OrganizationRobert Wood Johnson Foundation
  • StatusInvited
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