Benefit Chicago has made a $3-million impact investment in DL3 Realty Advisors, LLC, an impact investment company created by DL3 Realty L.P. that’s targeting revitalization efforts across Chicago. DL3’s new company will use the investment to advance its work in Woodlawn and other communities on the city’s South and West Sides.
Specifically, Benefit Chicago’s initial investment will target the improvement of commercial and retail opportunities in conjunction with the recent increase in Woodlawn’s market-rate housing options. “While we are currently focused on Woodlawn, we will continue to partner, develop and invest in high impact commercial real estate projects in emerging communities citywide,” said Leon I. Walker, managing partner of DL3.
“DL3 is doing incredible work in bringing their ‘venture development’ model to community and economic development,” said William W. Towns, executive director of Benefit Chicago.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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