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Benefit Chicago Makes $3M Investment in New DL3 Arm

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.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Economy
  • ◦Development