KeyBank Community Development Lending & Investment (CDLI) provided $8.4 million in total financing for the quick acquisition of Brookwood Apartments, a 90-unit low-income apartment community in Roxboro, NC, located approximately 50 miles north of Raleigh/Durham. Specifically, KeyBank provided the sponsor with a $4 million short term bridge loan and an immediate 10-year permanent financing loan worth $4.4 million though Freddie Mac.
Farm land is still a new asset class for most investment portfolios. It is important therefore to get started on the right foot. We realized early on that we needed to educate our investors and advisors on the basic economics of our business. As such in 2011 when we started to scale the company, we created a “Guide to Sustainable Farmland Investing”. This guide still has broad relevance even in today’s impact investing markets. Here’s an updated version of that guide...
Dr. Mae C. Jemison, the world’s first woman of color to go into space, served six years as a NASA astronaut. Prior to NASA, Dr. Jemison served as a Peace Corps medical officer in Sierra Leone and Liberia; Her international experience also includes time spent working in a Cambodian refugee camp, and with the Flying Doctors of East Africa.
For the second year in a row, Sodexo’s Dining Services team at Tulane University is providing free and nutritious meals to children at six New Orleans community centers through Sodexo’s Feeding Our Future program. The program, which kicked off Monday, will provide 300 meals every weekday through August 4 to children who are at risk of hunger during the summer months.