TD Bank and CEI-Boulos Launch Real Estate Fund in Philadelphia
Funding | Jan 21, 2025 | CEI Ventures Inc
TD Bank and CEI-Boulos Capital Management have announced the creation of the 481 CEI-Boulos Impact Fund, a $25 million real estate equity investment fund. Aimed at supporting low- and moderate-income communities in the Philadelphia metro area, the fund will invest in high-impact real estate projects. As the sole investor, TD Bank seeks to meet its Community Reinvestment Act requirements while contributing to community and economic development. The fund will be managed by CEI-Boulos, known for its expertise in organizing funds that provide both financial returns and social impact. The geographical focus includes counties in Pennsylvania, Delaware, and New Jersey with priority on sustainable projects, job creation, affordable housing, and community development. A Social Impact Advisory Board will help evaluate potential investments. Nancy Gephart recently joined CEI-Boulos as a Senior Vice President for Investments, underscoring her significant experience in social impact real estate. This initiative reflects TD Bank's commitment to meaningful, sustainable investments that serve critical community needs.
Sectors
- Real Estate
- Financial Services
- Social Impact Investment
Geography
- United States – The article revolves around a real estate investment fund targeting regions within the United States, specifically the Philadelphia metro region.
- Philadelphia Metro Region – The fund specifically targets investment opportunities in the Philadelphia metro region, covering areas in Pennsylvania, Delaware, and New Jersey.
Industry
- Real Estate – The article discusses a real estate equity investment fund focusing on community-supported commercial real estate projects.
- Financial Services – TD Bank, a financial institution, is the sole investor in the fund and is involved in banking and wealth management services.
- Social Impact Investment – The fund aims to deliver measurable social impact by focusing on community development and affordable housing.
Financials
- $25 million – The total size of the 481 CEI-Boulos Impact Fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TD Bank | Sole Investor | Company | TD Bank is one of the largest banks in the U.S., providing a range of banking services and acting as the sole investor for the 481 CEI-Boulos Impact Fund. |
| CEI-Boulos Capital Management | Fund Manager | Company | CEI-Boulos Capital Management specializes in managing funds that focus on social impact in community real estate projects. |
| Nancy Gephart | Senior Vice President for Investments | People | Nancy Gephart has joined CEI-Boulos Capital Management to help lead the 481 CEI-Boulos Impact Fund. |
| CEI Ventures Inc. | Private Equity Firm | Company | CEI Ventures Inc. is a private equity firm that supports social impact investment initiatives like the 481 CEI-Boulos Impact Fund. |