(left to right) Robert L. Johnson, Victor B. MacFarlane, and Emmitt Smith
Across America, successful real estate companies are literally making billions every year in the business. Eight of these are owned by African Americans, and some of these are celebrities you should recognize. Their services include real estate development, real estate management, and construction.
Here they are:
#1 – The Peebles Corporation: With offices in Miami, Las Vegas and Washington, D.C., this company is the most successful black-owned real estate business in the U.S. It is owned by Donahue Peebles, Chairman and CEO.
#2 – Capri Capital Partners: Founded in 1992 and headquartered in Chicago, this company was started by Quintin Primo III in 1992 and has grown into a global real estate investment management company with more than $2.7 billion in real-estate assets.
#3 – H.J. Russell & Company: Founded in 1952 by Herman J. Russell, this company is one of the largest minority owned real estate firms in the United States and the oldest black-owned company. The company has a current net worth of $200 million.
#4 – RLJ Development, LLC: This real estate company was founded in 2000 in Bethesda, Maryland, by Robert (Bob) L. Johnson, the founder and former chairman of BET. It is the largest African-American owned hotel investment company in the nation.
#5 – MacFarlane Partners: This leading black-owned real estate investment management company was founded in 1987 by Victor B. MacFarlane, and is headquartered in San Francisco, California. It has $2.2 billion in investor equity and $6 billion in managed properties.
#6 – Omni New York, LLC: This real estate group is owned by former Major League baseball MVP, Mo Vaugn and Eugene Schneur. It was originally started to revitalize neighborhoods in New York and other states. The company now owns 4,461 units of affordable housing throughout the U.S.
#7 – Emmitt Smith Enterprise: Owned by NFL Hall of Fame running back Emmitt Smith, this real estate development firm was formed in 2005. In his spare time, Smith also raises money for charity through the ESmith Legacy, Inc. in Dallas, a premier real estate development, and asset management firm. Both companies are 100 percent minority owned.
#8 – Integrated Capital LLC: This real estate company was founded by Kenneth Fearn in 2004 and now has assets exceeding $285 million. It is a leading, hotel-focused, private real estate investment firm.