Steinbridge Activates $1.3 Billion Impact Real Estate Strategy with Seed Venture

Steinbridge Group, a rapidly growing real estate impact investment firm, has announced a $50 million joint venture with FrontRange Co-GP Property Fund. This partnership is aimed at building and improving housing options across the United States, with the goal of initiating and activating an estimated $1.3 billion of development and redevelopment. The strategy focuses on creating high-quality, middle-class attainable homes in cities such as Atlanta, Boston, Dallas, Houston, New Jersey, New York City, Philadelphia, Richmond, Baltimore, and Washington, D.C.

The housing situation in many urban areas is characterized by high costs, declining inventory, aging housing stock, and significant repair needs. Steinbridge's strategy seeks to address these issues by providing affordable housing options to working families. The company was founded by CEO Tawan Davis, who is committed to investing in the long-term health and vibrancy of neighborhoods in transitioning parts of metropolitan America.

In addition to this partnership, Steinbridge is also working on an innovative program with PNC Bank to help renters become homeowners. This rental strategy and homeownership initiative aim to create opportunities for families to grow with their communities while improving the quality of housing options available.

Tawan Davis, Founder and CEO of the Steinbridge Group, expressed the importance of having a stable place to call home for families' well-being. He sees the partnership with FrontRange as a significant step towards providing hard-working families with high-quality and affordable places to live.

FrontRange Capital Partners, based in Denver, is a private equity firm focused on investments in real estate and high growth businesses. Scott Berry, Managing Principal of FrontRange Capital Partners, believes that the investment will strengthen local communities by increasing the supply of high-quality workforce housing. He acknowledges Steinbridge's business model as one that generates compelling returns for investors while delivering significant benefits to the residents in the communities they operate.

Steinbridge employs several impact real estate investment strategies:

1. Single Family Build-to-Rent: This strategy involves developing a pipeline of Build-to-Rent (BTR) projects through partnerships with community organizations that own underutilized land or properties. The focus is on transitioning areas in major urban centers and transforming latent property assets into economically productive uses.

2. Single Family Rental Rehabilitation: Steinbridge is redeveloping existing single-family homes in robust submarkets of growing cities. The company aims to bring these homes up to a high-quality standard and rent them out to working families at affordable and sustainable rates.

3. Urban Infill: As unique opportunities arise, Steinbridge acquires and develops multifamily homes in densely populated areas in collaboration with strategic community partners. The goal is to optimize and activate these sites for the benefit of the surrounding communities.

Through these investment strategies, Steinbridge plans to invest over $1.3 billion in acquiring, renovating, and developing homes for lease and sale to working families in major cities throughout the United States. The company's team comprises leading professionals with extensive experience in real estate and finance.

To learn more about the Steinbridge Group and their impact investment initiatives, visit their website at [www.steinbridge.com](https://www.steinbridge.com). You can also connect with them on Instagram, Facebook, Twitter, and LinkedIn for updates and insights.

About Steinbridge:

The Steinbridge Group is an impact investment company focused on creating positive change through real estate. With a focus on acquiring, renovating, and developing homes for lease and sale to working families, Steinbridge aims to provide affordable housing options in major cities across the United States. The company is on track to invest over $1.3 billion in a portfolio of single-family and build-to-rent homes nationwide.

About FrontRange Capital Partners:

FrontRange Capital Partners is a real estate private equity firm specializing in growth capital and property investments in partnership with high-growth real estate companies. Since its establishment in 2010, FrontRange has committed more than $1 billion in equity capital to investments throughout the United States. For more information, please visit their website at [frontrangecap.com](http://www.frontrangecap.com).