Creating Access and Opportunity in Equity Investing
Tishman Speyer is committed to expanding access to opportunity in our communities and our business
We asked ourselves, how can we extend this commitment to our capital raising? How can we offer wealth generating opportunities for underrepresented groups while encouraging those groups to invest with Tishman Speyer? It starts by emphasizing those goals in project proposals from their very inception. For instance, when we started discussing the Enterprise Research Campus (“ERC”) – an exciting new mixed-use project – with the Harvard Allston Land Company ("HALC"), we made it clear to HALC from the outset that we intended to approach minority investors for a portion of the equity.
Minority capital at scale
Once we were awarded the ERC project by HALC, we intensified our efforts to seek and develop new investor relationships. As a result, Tishman Speyer raised over $30 million from more than 150 individual Black and Latinx investors. This is the largest inclusionary investor initiative (total dollars) for private development in the history of Boston.
Looking to the future
Incorporating diverse capital will be a key strategy for many of our projects going forward. We view our developments as opportunities to help create wealth for businesses and individuals in the communities in which we do business. Creating broader access is a priority for the firm, and this is just the start of something much greater.
