Leon Walker, the recent recipient of a $3M Benefit Chicago impact investment loan and Managing Partner at DL3 Realty, discusses equitable transformation in emerging Chicago neighborhoods.
DL3 Realty Advisors, an investment company founded by a longtime realty group whose principals have strong ties to Chicago's south side, have received an impact investment from Benefit Chicago, according to a recent news release.
DL3 Realty Advisors LLC, an investment company created by DL3 Realty L.P., will use the $3 million investment to advance its work in Woodlawn and other communities in Chicago's south and west sides, according to the Benefit Chicago news release.
"We're honored to receive this initial investment from the Benefit Chicago fund and we look forward to using this investment to capitalize on projects, and fund pre-development operating costs, setting the groundwork for long-term community impact," DL3 Realty Managing Partner Leon I. Walker said in the news release. "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."
Principals of DL3 Realty came together more than three decades ago as part of an effort to revitalize the commercial properties in Chicago's far south side, according to information on the company's website.
DL3 Realty Managing Partner Leon Walker, left, with colleague.
"DL3 Realty has spent the past 30 years acquiring prominent commercial locations in and around the South Shore, Roseland, and Morgan Park neighborhoods in order to establish high quality education programs, professional office buildings, and national retailer anchored strip malls," DL3's website says.
DL3 is now launching a Chicago-focused impact investment company to provide neighborhood residents with opportunities to build wealth and stimulate positive economic and social activity, according to DL3's website and the Benefit Chicago news release.
"DL3 is doing incredible work in bringing their 'venture development' model to community and economic development," Benefit Chicago Executive Director William W. Towns said in the news release. "This investment will help the new company support neighborhood projects and is laying the foundation for greater investment in Woodlawn and other thriving communities."