Community Reinvestment Partners, LP
Forge's real estate private equity investment strategies focus on often unmet, niche opportunities in the distressed debt and socially responsible investment arena, particularly as they relate to Community Reinvestment Act (CRA) investment test credits. Investment activities include direct real estate investment, real estate development and redevelopment, and real estate collateralized-debt acquisitions. In order to best implement a fund's investment strategy, Forge often partners with nationally recognized real estate companies.
Community Reinvestment Partners, LP (CRP I) was raised in early 2004 to invest in existing groceryanchored shopping centers primarily in moderate and low-income census tracts within the State of Florida. CRP I concluded its investment period in the third quarter of 2007 having acquired over $200 million of qualified property. CRP I is currently in the process of harvesting its investments and is projected to be concluded in 2015. In addition to Forge's principals, the investors in CRP I are commercial banks, which receive Community Reinvestment Act credits for their investments, as well as other institutions with a socially responsible investment objective. CRP I was co-sponsored with RAM Real Estate of Palm Beach Gardens, Florida.
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