Wassssup BNOS listeners!?
We had Josh Burrell and Lane Campbell on with us. Wow, these dudes have a great story!
They run a fund called Activated Capital out of NYC. These dudes are not just about the bottom line of profits. They look at a double bottom line. So it's not just profits, but also values and impact. They are not just making money BUT also having an impact? I hadn't heard much about that before. So it was great to hear these dudes talk about their story.
Their focus is real estate. So they're trying to get the right tenants into some real estate that they buy and they become landlords. Their story got so much PR that Derrick Morgan, former outside linebacker of the Tennessee Titans, joined up with them. They're doing a joint venture - $200 million fund - called Kingdom Activated.
And we break down: What do these guys do? How do they do it? How do they keep track and measure that they're actually having an impact and not just making money? How do they ensure that all their nonprofit partners will make their investments provide a competitive return? Not just in capital (money), but will also have a positive social impact.
So sit back, relax and enjoy this episode. Learn a lot about social investing and being smart about where you put your money.
Peace!
SHOW NOTES
01:15 - How Josh and Lane met and introducing Activated Capital
02:10 - Real estate investment background
03:20 - Investing in growing cities like Detroit, Nashville, Memphis
04:25 - Amer discussing double bottom line connection between tenants and investors
05:10 - Creating/trademarking OZ (Opportunity Zone) Scorecards
05:40 - Criteria for buying real estate investments in Detroit and Nashville
06:35 - It's more than just caring
07:10 - Amer asks Josh: why do you care and what drives you?
09:40 - Amer talks about growing up with his grandma
11:10 - Minimum investors limit 50k
13:25 - Kingdom Activated teamed up with Derrick Morgan
17:25 - Conversation and closing the deal with Derrick Morgan
18:50 - Measuring the double bottom line
19:40 - Financial education and improving credit scores
20:30 - Mental health and wellness
21:30 - Possible mentorship programs for low income communities
24:50 - $200 million Kingdom Activated joint venture
27:15 - Activated Capital and Kingdom Activated contact information
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