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Hudson Pacific Launches Impact Investing Platform to Benefit Women, People of Color
Hudson Pacific Properties, Inc. has launched EquiBlue, an impact investing platform that seeks to leverage commercial real estate to provide economic opportunity and upward mobility for women and people of color. With an initial capital investment target of $300 million, EquiBlue will focus on transforming obsolete properties into amenitized office and mixed-use space with direct benefits for under-resourced communities, while generating strong financial returns.
“With EquiBlue, we hope to create a new blueprint for real estate investors and corporate tenants alike to be more intentional in promoting holistic economic inclusion and avoiding gentrification,” said Chris Pearson, co-fund manager.
EquiBlue will target under-resourced markets proximate to Hudson Pacific’s core markets in Los Angeles, the San Francisco Bay Area, Seattle and Vancouver. Collectively, Hudson Pacific and CBRE, as sponsor and strategic partner, respectively, will commit at least 20% of the total capital commitment for EquiBlue’s initial fund.
- ◦Sale/Acquisition
- ◦Development
- ◦Financing
