Smart Investment Property Decisions Are Helping Build Black Wealth
Summary
BLACKPRESSUSA NEWSWIRE — Many Black investors are in both residential and commercial investing, such as the likes of R. Donahue Peebles. He’s the founder and CEO of The Peebles Corporation, one of the largest Black-owned real estate investment firms in the U.S., whose developments have a total investment value of over $8 billion. By BlackPressUSA By […]
BLACKPRESSUSA NEWSWIRE — Many Black investors are in both residential and commercial investing, such as the likes of R. Donahue Peebles.
He’s the founder and CEO of The Peebles Corporation, one of the largest Black-owned real estate investment firms in the U.S., whose developments have a total investment value of over $8 billion.
Smart investment property decisions are helping Black Americans build wealth by creating an additional source of cash flow, usually through monthly rental payments. They also create long-term financial well-being by allowing those in the Black community to generate property equity.
Making smart real estate investing decisions remains crucial to Black Americans, as huge gaps in racial wealth and homeownership still exist. As the National Community Reinvestment Coalition (NCRC) reports, compared to the median Black family, the median white family has 6.5 times more wealth .
Excerpt shortened for readability. Use the source link for the full article.
Reported via InnerCity News — contributes to the live map of development, policy, and investment movement in Connecticut real estate.