In Their Own Words:
What It's Really Like To Be Black In CRE
For the last few years, diversity has been a word tossed around as a lofty initiative at innumerable commercial real estate companies. Yet despite a recognition that minorities are marginalized in the industry, the racial makeup of real estate at the highest levels has not changed demonstrably.
Regrettably, black people, a group comprising about 2% of all senior-level positions in the U.S. real estate industry, have also been underrepresented in news publications, including Bisnow.
In the C-suites of commercial real estate, at the boardroom dealmaking sessions and at industry events (including ours), you will see a lot of faces, but you will be hard-pressed to find many black people.
We reached out to dozens of black executives from New York, Charlotte, Chicago, Seattle, Washington, D.C., Miami, Houston — and everywhere in between — and granted them anonymity to candidly and forcefully discuss the challenges they face in CRE. Courageously, many chose to add their name to the public record to address a vital issue: What is it really like to be black in this industry?
Read the full story here.
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