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By The Dollar Empowered Community (D.E.C.)
The pandemic brought numerous emergencies to families across every demographic. But the lack of financial security, in addition to what has been a disproportionate exposure to COVID-19, underscored the disparities in the Black community.
The racial wealth gap is nothing new. There has been national data available for at least three decades on the disparities. The pandemic in 2020, however, provided just the right time to reach out to the community to collectively come together and begin to do something about it.
Meet The Dollar Empowered Community (The D.E.C.), a real estate syndicate started by five black women in DeKalb County, Georgia: Dar’shun Kendrick, CEO and Co-Founder; Teresa Hardy, CFO and Co-Founder; Stacey Thibodeaux, Secretary and Co-Founder; Edwina Clanton, Co-Founder and Amy McCoy, Co-Founder. The syndicate is looking for passionate community builders and investors who want to help build wealth.
The purpose of the D.E.C. is to provide an opportunity for people in the community to invest in commercial real estate, including those who may not otherwise have been able to. This new real estate investment syndicate hosts regular informative discussions on building cash flow, community investment strategies, and capital asset appreciation.
The D.E.C. real estate syndicate was launched in March 2021. In just three months, over 40 investors joined the cause by investing a minimum of $2,500. Some invested more. Now, the minimum is $5,000 until October 1, 2021.
Read what investors are saying about The Dollar Empowered Community:
“One of my goals for this year was to start investing in property. I saw this opportunity, and the professionalism, dedication, commitment and expertise of all the ladies involved, so I decided to go for it. The presentation and effort put into it helped build my trust in deciding to invest. My goal is to create residual income, start building wealth and add to my investment portfolio.”
—Denise Parks, Investor in the D.E.C..
“I invested in the D.E.C. for a number of reasons. The overall mission of “…closing the racial wealth gap for black Americans through the acquisition of commercial real estate for both income and capital appreciation…” is key for me. I am not Black, but I view this as an investment in the community, directly in the form of participating in the acquisition of real estate, and indirectly by helping to achieve the target raise amount of the fund so others can also share in the investment returns.
—Bona Allen, Investor in the D.E.C.
“Seeking wealth is often an individual pursuit. I believe the D.E.C. is a unique opportunity to join with a like minded group effort to build the often viewed impossible Financial Enterprise in DeKalb County.”
—Ronald Mangum, Investor in the D.E.C.
Investors in the D.E.C. are concerned with not only increasing their own wealth but being a part of a community that is interested in helping others to create wealth and close the wealth gap. Investment in the D.E.C. is open to everyone, regardless of gender or race.
The D.E.C. invites you to tune in on September 16, 2021 for its online discussion, “Investing in Real Estate in Our Community.”
The virtual discussion will be moderated by Donna Lowry with a panel of experts that includes Keith Miles, Estate Planning Attorney with the Law Office of Keith Miles; Julian Pouncey, Wealth Management Advisor with Northwest Mutual; Yonina Gray, Community Development Finance Executive, Reinvestment Fund; and Ramon Tookes, Serial Real Estate Investor, Tookes Development, LLC.
To register to attend the free, online panel discussion, and for more information about investing in the D.E.C., please visit: www.dollarempowered.com. You may download and read the Private Placement Memorandum to learn more. Feel free to contact the D.E.C. with questions through the website.