Baldwin Hills/Crenshaw, Los Angeles

Ethos Real Estate Closes Second Multifamily Acquisition as Part of Joint Venture with GCM Grosvenor Programs

Retrieved on: 
Thursday, January 12, 2023

Under the deal, Ethos will be converting the formerly market rate property into deed restricted affordable housing through a unique public private partnership that leverages a California statutory property tax exemption.

Key Points: 
  • Under the deal, Ethos will be converting the formerly market rate property into deed restricted affordable housing through a unique public private partnership that leverages a California statutory property tax exemption.
  • “We are excited to be scaling the potential for public private partnership around the production of affordable housing,” said Jennifer McElyea, Ethos Real Estate Managing Partner.
  • GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $73 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies.
  • “We are proud to be partnering with Ethos in ways that creatively address the shortage of affordable housing in communities across California,” said Peter Braffman, Managing Director at GCM Grosvenor.

City National Bank Announces $1M Financial Education Commitment to Support LAUSD High Schools

Retrieved on: 
Wednesday, April 6, 2022

LOS ANGELES, April 06, 2022 (GLOBE NEWSWIRE) -- City National Bank announced today that it is renewing its three-year, $1 million commitment it made in 2019 to bring the banks Dollars + Sense financial education program to support LAUSD high school students.

Key Points: 
  • LOS ANGELES, April 06, 2022 (GLOBE NEWSWIRE) -- City National Bank announced today that it is renewing its three-year, $1 million commitment it made in 2019 to bring the banks Dollars + Sense financial education program to support LAUSD high school students.
  • Providing critical financial education tools to high school students is one of the most important ways City National can help to make our communities stronger, said Coffey.
  • City National is a subsidiary of Royal Bank of Canada (RBC), one of the worlds leading diversified financial services companies.
  • *City National Bank does business in Miami and the state of Florida as CN Bank.