The Kensington Corridor Trust is one of several community-owned or community-led commercial real estate developments that are starting to get more recognition across America.
In a neighborhood known more for being the regional epicenter of the opioid crisis in Philly, the Kensington Corridor Trust formed less than five years ago, and is already up and running with multiple properties in its portfolio, commercial tenants in place and thriving, and its first new construction projects in the works. That’s a lot for a real estate entity designed to ultimately give power to the existing residents of the neighborhood over the development of its main commercial corridor. What have been some of the keys to success so far? How has the trust raised capital for acquisition and what is its ultimate vision to become a self-sustaining, community-controlled real estate entity? In this conversation, executive director Adriana Abizadeh will give participants a brief history of the Kensington Corridor Trust, an update on its current status, and talk through both its capital raising strategy so far and the model it has worked out to eventually be a self-sustaining entit