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Top 8 Black-Owned Real Estate Companies Making Billions Of Dollars That You Probably Don’t Know

DonahuePebbles-600The Peebles Corporation

The Peebles Corporation is located in Miami, Las Vegas and Washington, D.C. In 1983, Roy Donahue Peebles founded the company and stayed on to act as chairman and CEO. Over the course of 20-plus years, Peebles has created a company that has a portfolio with a net value of $6 billion.

 

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MacFarlane Partners

The San Francisco based MacFarlane Partners was founded by Victor B. MacFarlane in 1987. To date, the company has $4 billion in real estate assets and $6 billion in managed properties. The company has properties located on both the east and west coasts but the bulk of the company’s properties are located in California.

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Capri Capital Partners

The Chicago-based company was started by Quintin Primo III in 1992. Primo III is worth $350 million and has turn his global real estate investment management company into a billion dollar company. Capri Capital Partners has $2.7 billion in real estate assets.

 

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Integrated Capital LLC

Integrated Capital was founded by Kenneth Fearn in 2004. Since its founding, the company has acquired or developed assets with a total capitalization of more than $400 million. Additionally, Integrated Capital has  “participated in investments and consulting projects in excess of $2 billion of assets globally across all real estate asset classes,” according to their website.

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The RLJ Companies/RLJ Development Partners

The RLJ Companies was founded as a network of companies in 2000 in Bethesda, Maryland by Robert L. Johnson, who became famous for founding BET. One of the companies in Johnson’s network is the largest African-American owned hotel investment company in the country. RLJ currently owns 142 hotels in major markets in North America, with more than 29,000 guest rooms and a portfolio value in excess of $2 billion.

 

H.J. Russell & Company

H.J. Russell & Company 

The late businessman Herman J. Russell founded his company in 1952. Currently, the construction and real estate company is headquartered in Atlanta and has a net worth of $200 million in assets.  H.J. Russell & Company has worked on many projects ranging from schools, hospitals and residential areas.

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Omni New York, LLC

This real estate group is owned by former major league baseball MVP, Mo Vaugn and Eugene Schneur.  It was  started to revitalize neighborhoods in New York and other states.  Since December 2004,  Omni New York has acquired and  rehabilitated or is in the process of rehabilitating 7,289 units of affordable housing in New York state, according to the company’s website.  Through their affiliate, Omni America LLC, the company owns 4,461 units of affordable housing across the U.S.

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Emmitt Smith Enterprise

Former Dallas Cowboy running back and NFL Hall of Famer, Emmitt Smith, started this company in 2005. The company is composed of many different types of organizations that deal with construction, charities, and real estate. Currently, the corporation has partnerships with AT&T, Takeda, and others.

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