Real Estate Fund Investment Strategy: High Impact Urban Development – Rethink Community – 2.3.2022

Summary:

Now On Demand
Rethink Community is a New York-based real estate development company and social impact investment manager. Rethink Community’s senior team has over 100 combined years of investment and development experience, having invested more than $5 billion on behalf of institutions, foundations and family offices. Rethink Community’s mission is to empower and impact disadvantaged populations by investing in previously overlooked neighborhoods to help create thriving, inclusive communities with a focus on housing, healthcare, education and community development. Rethink Community focuses on projects where we can work with residents and community leaders to help create a deep impact while aiming to deliver risk-adjusted market rate returns.

The Rethink Community team will discuss:

• Team background
• Investment strategy
• Market opportunity
• Key competitive advantages
• Project Case Studies

Rethink Community is one of four strategies on the Rethink Capital Partners platform. Rethink Capital Partners is a social investment venture and real estate platform. Our parent company is Seavest Investment Group, a $3 billion multi-strategy investment manager. Rethink Capital Partners is guiding investments rethinking the role private capital plays in helping address inequality and create inclusive communities while seeking to deliver competitive returns.

Speakers:

Michael brings over 25 years of experience establishing, operating and growing businesses in a variety of industries. This includes operating positions in real estate, venture and technology sectors. He was an early pioneer in the impact investing space, having been in the c-suite of Rethink Capital Partners for over 10 years. In addition, Michael has real estate experience working at Seavest Investment Group for over a decade. As a member of the Investment Committee for Rethink Education, Rethink Impact and Rethink Community and has served on the board of EverFi, Neverware, Trilogy, and NextSeed, he is deeply connected to the impact sector. Michael began his career in Washington, D.C. serving on the legislative staff of U.S. Senator Arlen Specter. Mr. Walden received a Bachelor of Science degree in Business Administration from the University of Richmond. Through Big Brother Big Sisters, Year Up, Boys and Girls Club, A Better Chance, Michael has formed close one-to-one mentoring relationships and continue to create impact in the communities for the past 20 years.

David has worked in real estate investment for over 20 years. He dedicates his time to sourcing & capitalizing transactions and overseeing project underwriting and execution. As a corporate and real estate attorney by training, David brings a deep knowledge of all aspects of the real estate cycle. David also serves as the Chairman of the Board of Lendistry, a fintech enabled CDFI focused on providing small business capital to underserved communities in the US. He is also on the board of Johns Hopkins Bayview Hospital. David is heavily involved in endeavors to support the communities in which he lives. He is on the Advisory Board and Loan Committee for Baltimore Community Lending, which makes small business loans in Baltimore to disadvantaged customers. David is also on the board of the Ronald McDonald House, which provides free housing & support to families undergoing medical treatments for their children. David is on the Board for the Calvert School, The Baltimore Tree Trust and the University of Pennsylvania Institute for Urban Research, along with others.

Keith, a 17-year veteran of the real estate industry, manages development projects across both the Rethink and Seavest platforms. Prior to joining Rethink in 2019, Keith led the team at Commercial Development Inc., a Baltimore based real estate development company that specializes in urban infill projects, repositioning of operating properties and land assemblage for development or resale. Through his role at CDI he was a lead mentor for Harbor Bank’s Emerging Development Program. The program takes aspiring minority real estate developers through a 9-month classroom learning experience followed by partnering with a real estate developer on an actual project. His cohort rehabbed 9 town homes for sale and generated a return above market for the participants. Keith has participated as a Business Fellow within the CityLab program at the John’s Hopkins Carey School of Business. During his time there, he was a resource to the CityLab students who looked at underserved and underinvested communities around Baltimore and created innovative development projects including design and full underwriting. In his hometown, Keith is one of the original members of Impact Club Frederick, an impact philanthropy group that through a social platform turn small donations into huge impact within the local community.

Fagan is a social entrepreneur, writer and researcher who has dedicated his career to advancing impact career opportunities for underestimated communities. As the co-founder & CEO of Baltimore Corps, Fagan and his team have re-imagined recruiting, hiring, and career advancement for underestimated communities. Since its inception, Baltimore Corps has engaged thousands in public service and social entrepreneurship. In 2021, Baltimore Corps launched citycorps.us, which deploys the organization’s model in cities across the US. In 2021, Fagan received the Leaders in Diversity Award from the Baltimore Business Journal, and he currently serves as the Assistant American Secretary for the Rhodes Trust. In addition, he serves as the Chairman of Community Action Partners and the Just Economy Group. Fagan co-directed the Impact Careers Initiative at the Aspen Institute; Fagan was also recently appointed by President Biden to be a Member of the Board of Directors of the Corporation for National and Community Service. Fagan graduated from Stanford University with Honors and has a Masters in Philosophy from University of Oxford where he was a Rhodes Scholar.