Opportunity Zone/Opportunity Fund Development

The Renaissance HBCU Opportunity Fund (the Fund) focuses on opportunistic and value-added real estate investments on or near the campuses of Historically Black Colleges and Universities (HBCUs). Renaissance Equity Partners organized the Fund, with support from the HBCU Community Development Action Coalition, upon the principle that investors can do well by doing good. The Fund is primarily interested in mixed-use projects, an asset class we call “HBCU Teaching Hotels”, and neighborhood retail projects. We attempt to structure each transaction to provide an ownership interest to the neighboring HBCU (or a designated nonprofit affiliate)

The HBCU Fund is particularly interested in mixed-use projects with commercial components capable of bringing supermarkets to the U.S. Department of Agriculture designated Food Deserts and/or health care facilities to U.S. Department of Health & Human Services designated Medically Underserved Communities.

The HBCU Teaching hotels will be educators and job creators. They will serve as “hands-on” teaching venues for students studying Hospitality Management or Business Administration at nearby HBCUs. Just as university teaching hospitals prepare future generations of health care professionals, the HBCU Teaching Hotels will prepare future generations of hospitality executives and entrepreneurs.