NewsBlack Owned RD Lee Capital Partners Aims To Close Wealth Gap

Black Owned RD Lee Capital Partners Aims To Close Wealth Gap

An accredited investor is a person or entity that meets specific requirements set by the Securities and Exchange Commission (SEC). The financial criteria are stringent.

Black-owned investment company RD Lee Capital Partners has created a new initiative that gives nontraditional investors a shot at obtaining generational wealth in the hotel sector.

The company launched the RDL Hotel Fund I on Vesterr, ultimately giving people who are not accredited investors a chance they would not have otherwise.

“Once I became an accredited investor, a lot of investment opportunities came my way,” Founder and Managing Partner Ramel Lee tells BLACK ENTERPRISE.

“I started getting opportunities to invest in liquor barrels, Broadway shows, and big real estate projects.”

An accredited investor is a person or entity that meets the stringent financial criteria set by the Securities and Exchange Commission (SEC).

RD Lee Capital Partners Aims To Close The Wealth Gap

When you scratch the surface, one thing is clear for significant investment projects: you have to earn a certain amount of money for the opportunity to make more. Lee, who comes from a civil service background, doesn’t think this is fair.

“People in my background are making good money and had enough to invest [but] they still weren’t given the opportunity to get ahead,” he says.

What It Takes To Invest in RDL Hotel Fund I

“African Americans own less than 2% of all hotels in the U.S.,” he says. “While we’re big consumers, we have very little ownership into the asset class. That’s something I want to work on changing,”

He adds, “African Americans spend over $2 trillion consumer dollars. We have to start shifting our mindset from a consumer mindset to an investor mindset. That same $2 trillion can be used to invest and completely close the wealth gap, but we need these opportunities for all of us to be able to invest in.”

Information on RDL Hotel Fund I can be found on Vesterr. Lee tells Black Enterprise that he plans to take a hands-on approach with investors by taking them on an investment and operational journey.  

“We host webinars with the investors to discuss our thought process on acquiring assets [and] what we’re doing to add value to the assets,” says Lee.

“We bring them on not just the financial journey but also the operational journey. They’ll learn enough that if they decide to sponsor a deal on their own, they’ve been through the process already, and they’ll be able to do exactly what I’m doing.”

RELATED CONTENT: 8 Black-Owned Restaurants You Should Visit While In Toronto

Source: Black Enterprise

U.S. Dept of Education Issues Letter to Ban All Race-Based Scholarship Programs

Nationwide — The U.S. Department of Education has issued a new directive that will eliminate race-based considerations in admissions, hiring, and financial aid, a...

Judge Dismisses Russell Simmons Sexual Assault Lawsuit Because He Lives in Indonesia

Nationwide — Russell Simmons has avoided legal consequences after a federal judge dismissed a sexual assault lawsuit filed against him. The court ruled that...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Newsletter

Don't miss