Fort Greene Partners Advises Genesis In Equity Investment From TruFund.
TruFund Financial Services, Inc. (“TruFund”), a Community Development Financial Institution located in New York City, announced that it has made an equity investment in Genesis Companies, LLC (Genesis), an African American-owned full-service real estate development firm that specializes in financing, developing and operating mixed-income and mixed-use residential projects in New York and New Jersey. The preferred equity investment will support critical aspects of Genesis’ strategic growth plan, specifically allowing the firm to continue to grow internal capacity, execute more efficiently and leverage increased liquidity.
Genesis was advised in the transaction by Fort Greene Partners (FGP), a minority-owned firm. “Karim Hutson is a visionary business and community leader,” said Richard Wayner, Founder and Managing Partner of FGP. “This blue-chip investment led by TruFund, Morgan Stanley and Ford Foundation recognizes that Genesis is building one of the leading real estate businesses in New York.”