The Growth Collective³ has the right blend of community insight and investment experience to create purposeful investments into under-capitalized neighborhoods.
Philadelphia is a prime location for real estate investment. Its broad economic base, stable job market, and a growing and diverse population make it a compelling place to invest. The city of Brotherly Love’s affordable and favorable geographical location, 90 miles from New York City and 135 miles from Washington D.C., make it a preferred location for businesses and commuters.
Philadelphia’s neighborhoods possess great untapped economic potential, attributed to a large population (ranked 5th in the nation) that is surrounded by multiple employers, including renowned academic and research institutions; leading healthcare entities; international media and technology giants; and a burgeoning entrepreneurial and small business contingent. Compounding the appeal of investing in Philadelphia’s neighborhoods is its underutilized landbank, large inventory of readily investable residential and commercial real estate, many of which are bolstered by large educational institutions, hospitals and a network of invaluable residential associations.
The pent-up potential of investing in Philadelphia’s neighborhoods are plentiful and easily recognized. But why do many miss the mark?
1. Many projects are designed without clear stakeholder alignment and participation, often coming at the expense of current residents.
2. The assessment of assets in marginalized neighborhoods are either undervalued or ignored.
3. Local and diverse developers and contractors are under-utilized.
The Growth Collective³ Value Add.
By focusing on the cultivation of a pipeline of Black real estate developers in parallel to impact-driven investments, The Growth Collective³, in partnership with community stakeholders, seeks to generate wealth for marginalized communities to encourage sustainable growth in typically under-capitalized neighborhoods.
The Growth Collective³ brings:
The cultural competence to understand the local market
The investment experience to develop products for the local market
The empathy to be a financial pathway to thriving communities
Our Vision Drives Our Impact Alignment.
The Growth Collective³’s vision is to provide access to resources and capital that will elevate communities of color and generate wealth for neighborhoods victimized by systemic racism.
