Hudson Pacific Properties has launched EquiBlue.
EquiBlue‘s Black- and women-led team will look to manage a series of private funds on behalf of institutional investors, kicking off with an initial capital investment target of $300 million. EquiBlue will focus on transforming obsolete properties into vibrant, amenitized office and mixed-use space with direct benefits for under-resourced communities, while generating strong financial returns.
“Commercial development plays a key role in shaping the makeup of a community. The last few years inspired a renewed focus for businesses to attract and retain diverse talent beyond city centers and to empower communities,” said Chris Pearson, co-fund manager. “With EquiBlue, we hope to create a new blueprint for real estate investors and corporate tenants alike to be more intentional in promoting holistic economic inclusion and avoiding gentrification.”
The model is grounded in delivering and leasing high-end offi
