Top 10 Black Owned Real Estate Companies

William Huston, AIF®, AIFA®

by in Published on July 06, 2022

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Top 10 Black Owned Real Estate Companies

Black excellence is everywhere. There's no doubt about it.

Every year, several Black-owned real estate companies make billions of dollars. Some of these firms were founded decades ago while some are relatively new to the market.

From owning to managing to operating properties in different states in the U.S., here are 10 notable Black-owned real estate companies that are making great strides in the real estate industry.

1. Capri Investment Group

Capri Investment Group was founded in 1992 by Quintin Primo III. With its headquarters in Chicago, the company has grown into a global real estate investment management company with more than $3.7 billion in real-estate assets.

Capri Investment Group is an investment management firm that focuses on real estate development and direct investment. They do provide a wide range of investment solutions and services for their clients.

The real estate group makes direct equity and structured finance investments in markets with property across the U.S. With over $13 billion completed real estate investment transactions, the firm is committed to the growth and development of urban commercial and residential communities.

Aside from apartments which have a potential for high income, Capri also targets co-located retail property as well as office spaces.

2. CB Emmanuel Realty

CB Emmanuel Realty was established by Christopher Bramwell Jr and Benathan Upshaw in 2005.

The company's mission is to create affordable and good quality housing and community assets that serve and uplift the residents. They are keen on creating positive community outcomes for the cities and the towns that they serve.

The company's diverse team is made up of professionals with expertise in the following fields: real estate finance, construction management, architecture, urban planning, and property management consulting.

Since inception, the firm has invested in 30 projects with a total value of roughly $500 million.

CBE is certified as a MBE by the City and State of New York.

3. Elite Realty Partners, Inc.

Elite Realty Partners, Inc. was established in 2018 by Tenisha Williams after leaving her career as a Miami county employee. The firm is currently the biggest Black female-owned real estate firm in the Miami/Ft. Lauderdale area.

The firm primarily focuses on high-end residential real estate sales in Florida, distressed property management, short sales, BPO and REO services.

Named as one of Florida's top 100 realtors, Williams has managed to create a team of over 150 real estate agents who collectively have closed over 130 million in sales in just 2 years.

What sets Elite Realty Partners, Inc. apart is the fact that they provide elite services to each of their clients while taking them through the real estate process. They understand that the home buying process is a complicated one. This is why they deliberately put passion over profit while paying great attention to their greatest asset; which is the people that they serve.

In February of 2022, Williams was named one of the "20 under 40" in real estate by the Miami Association of Realtors® Young Professionals Network.

4. Emmitt Smith Advisors

Emmitt Smith Advisors is a real estate development firm that was founded by NFL Hall of Fame running back, Emmitt Smith in 2005.

The firm is a leading provider of real estate solutions and in partnership with Newmark Knight Frank (NKF), Emmitt Smith Advisors is part of a global network with operations in more than 400 offices worldwide.

They bring to the table integrity, innovation and fresh insight to the commercial real estate industry.

As a minority-owned business, the company places a lot of emphasis on DEI practices in line with the services that they offer their clients as well as in their hiring process. The company is very keen on establishing long lasting partnerships based on trust and consistent results with their clients.

Among the services offered by the company include: property management, investment sales and capital markets, lease management, valuation and advisory, among others.

5. H.J. Russell & Company

H. J. Russell & Company, was founded in 1952 in Atlanta. Initially, the company started off as a plastering company. Not too long after, Russell began developing and managing rental properties. The company grew and became successful as they managed to continuously build and manage affordable housing to citizens in the South East.

In the 1960s when African-American leaders were fighting for civil rights, Russell was invited to the all-white Metro Atlanta Chamber of Commerce (MACC), without the organization realizing that he was an African American. He accepted and became a member of the group. He later went on to become 2nd Black president of MACC.

The company continued to diversify and among the services that they offer today include: construction, real estate development, property management and program management.

6. Integrated Capital LLC

Founded in 2004 by Kenneth H. Fearn who is also the Managing Partner, Integrated Capital LLC is a hotel-focused private real estate advisory and investment firm based in Los Angeles, California.

The private equity real estate firm mainly operates within the hospitality industry. So far, the company has acquired more than $500 million in hospitality assets in primary and secondary markets across the United States. Some of the brands include: Residence Inn, Courtyard, Marriott, Doubletree, Sheraton, Crowne Plaza and Holiday Inn.

The management team at Integrated Capital LLC have adequate experience within the hospitality and real estate management sectors. Among the company's areas of expertise include asset management, renovation/ development, financing, consulting and repositioning.

7. MacFarlane Partners

Established in 1987 by Victor B. MacFarlane, MacFarlane Partners has successfully built a great track record of providing real estate investment management services to institutional investors in multiple markets.

For over 30 years, the company has worked tirelessly to develop new real estate projects, stabilize real estate assets, rehabilitate and reposition existing properties and manage assets to higher value.

The company's focus is now set on investments that promote sustainability in high-density suburban markets, smart growth and urban regeneration.

The firm currently has $2.2 billion in investor equity and $6 billion in managed properties. Its objective is to succeed at real estate investing while making a positive difference in the communities in which they invest.

It has its headquarters in San Francisco, California.

8. Omni New York, LLC

Omni New York LLC is a full service real estate development company that was founded in 2004 by Maurice "Mo" Vaughn; a former Major League Baseball first baseman and co-founder Eugene Schneur.

Their vision when starting this real estate firm was to create quality and affordable housing that was well managed; specifically to historically underserved communities. The company is very keen on strengthening and improving the quality of life of the involved communities.

They do this not only by providing quality, affordable and environmentally friendly housing, but also through solidifying the bonds created by the people in the neighborhoods that it serves. They partner with non-profit social service organizations to do so. The firm provides vital social services including after school programs for children, skills training seminars and adult education classes.

Since its inception in 2004, Omni has owned and managed 17,000 units of affordable housing in 11 different states across the U.S. These include almost a dozen buildings in New York in The Bronx and Brooklyn combined.

9. RLJ Lodging Trust

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that was founded in 2000 by Robert L. Johnson, who is also the founder of BET.

The company's focus lies on owning premium full service hotels. So far, it has 95 hotels under their portfolio. These hotels are located in 22 states and the District of Columbia. The hotels in their portfolio are located in different geographical areas and are concentrated in major urban areas where the demand is high due to the presence of business, leisure and other travelers.

The hotels under RLJ Lodging Trust operate under recognized global brands like Courtyard by Marriott, Residence Inn by Marriott, Hilton Garden Inn, Homewood Suites by Hilton, Hyatt Place, Wyndham and Embassy Suites.

In May 2011, RLJ Lodging became a publicly traded company.

10. The Peebles Corporation

The Peebles Corporation is the most successful Black-owned real estate company in the U.S. It was founded in 1983 by Don Peebles, and has become an industry leader within the real estate space.

The company is a privately held national real estate investment and development company specializing in residential, hospitality, retail and mixed-use commercial properties. Its corporate offices are located in New York City, Miami, and Washington D.C.

The company boasts of a portfolio of active and completed developments which total to 10+ million square feet and $8 billion in the gateway cities of New York, Boston, Philadelphia, Washington D.C., Charlotte, Miami, San Francisco, and Los Angeles.

For over 35 years, the company has developed high profile assets guided by the principles of Affirmative Development™ to help empower women and minorities, create generational wealth and close the wealth gap.

Are you looking for prime property in California to invest in? Here's a great option for you.

Resthaven

Resthaven is a group of luxury vacation rentals that anyone can rent or even become a member by paying the traditional way or using NFTs.

With the first home being located in Venice, California, it is the perfect home for people looking to experience luxury travel, on company retreats, on their honeymoon or simply looking for a new adventure.

This home sits on 3,400 sq. ft., has 4 beds and 4.5 baths. Its close proximity to popular tourist attractions such as Muscle Beach, Ocean Front Walk and the Venice Fishing Pier makes it the perfect home for those looking to explore the city.

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Bay Street Capital Holdings

Bay Street Capital Holdings is an independent investment advisory, wealth management, and financial planning firm headquartered in Palo Alto, CA. They manage portfolios with the goal of maintaining and increasing total assets and income with a high priority on managing total risk and volatility. Although many advisors may focus on maximizing returns, they place a higher priority on managing total risk and volatility.

Our founder, William Huston founded Bay Street after 13 years of supporting the United States' largest retirement plan ($650B) Thrift Savings Plan. He is recognized as Investopedia’s Top 100 Financial Advisors for 2021. In California, only two black-owned firms out of nineteen firms received this recognition. In Scottsdale Arizona, Ekenna Anya-Gafu CFP, AAMS is recognized among the Best Financial Advisors for his responsiveness, friendliness, helpfulness, and detail. Bay Street was founded to advocate for diverse and emerging fund managers and entrepreneurs. In 2021, Bay Street was selected as a finalist out of over 900 firms across the US in the category of Asset Manager for Corporate Social Responsibility (CSR).

Sources

https://www.housedigest.com/760365/black-owned-real-estate-companies-you-need-to-know-about/ https://www.blackbusiness.com/2015/11/top-black-owned-real-estate-companies-making-billions.html https://shoppeblack.us/2021/01/black-real-estate-firms-60m/ https://www.nationalstandardabs.com/our-vision https://www.cbemmanuel.com/ http://www.onyllc.com/ https://www.rljlodgingtrust.com/ https://www.hjrussell.com/history/ https://peeblescorp.com https://www.macfarlanepartners.com https://www.intcapllc.com/ https://www.cbemmanuel.com/

William Huston, AIF®, AIFA®
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