California + Bay Area + Finance | April 28, 2023

Wells Fargo, T.D. Jakes Partner on Inclusive Communities

Wells Fargo & Company and the T.D. Jakes Group, which includes T.D. Jakes Real Estate Ventures, LLC, TDJ Enterprises and T.D. Jakes Foundation, have formed a strategic partnership to build inclusive communities across America.

Over the next 10 years, the partnership between the two organizations could result in up to $1 billion in capital and financing from Wells Fargo, as well as grants from the Wells Fargo Foundation, with the goal of revitalizing neighborhoods, fostering economic opportunity and creating long-term change in communities. The partnership marks the first of its kind in driving long-term transformational impact over the next decade.

“This strategic partnership goes beyond a one-off capital investment and underscores our continued commitment to diverse and inclusive communities,” said Charlie Scharf, CEO of San Francisco-based Wells Fargo. “We look forward to seeing the meaningful difference we’ll make together in communities across the country.”

Hear from CRE newsmakers like LaTerra Development Managing Director Chris Tourtellotte. Come together with top dealmakers, owners, investors, lenders and more at Connect LA on May 3 at the Hotel Indigo.

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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 13-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 15-20 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).

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