With this specific property, the investment provides positive community development impact:
1) Affordable multiple-use business space.
2) Diverse tenant mix meeting neighborhood needs.
3) Resurrection of a foreclosed property.
The project will produce both short-term and long-term impact on four levels:
1) Individuals/families (REIT Investors)
2) REIT commercial property performance and tenant success
3) Neighborhood and partner organizations (schools, churches, housing agencies)
4) Model for replication in Portland, elsewhere in Oregon and potentially nationally
|Number of Investers (based on project size)||Longevity of Investor Commitment|
|Amount of Annual Investment per Investor||Investment Yield|
|Participation from Youth to Adult||Neighborhood Health (safety, engagement)|
|Attend Class in Long-term Investing||Property Value Change|
|Establish Personal Goals and Investing Plan||Catalyst for Further Neighborhood Development|
|Connect Investors with Mentors||Success & Longevity of Tenants in Building|
Low-income people are not investing. Their personal economic resiliency is non-existent and the potential cost to society is an enormous financial and human risk. Further, neighborhood development is stymied by the lack of financial instruments for community self-investment. One innovative and scalable solution is this private REIT that will enable direct investments of as little as $10 a month into community-owned, neighborhood-based commercial properties. The Community Investment Trust will deliver long-term financial planning that explains and encourages investment choices for people otherwise excluded from such opportunities to help themselves. It could become a catalyst for community development in one of Portland’s lowest-income neighborhoods and, through replication, a model and opportunity for other neighborhoods.