The RiverScape development is a joint venture between the Northwest Louisiana Community Development Fund I, Vintage Realty Company and the non-profit, Trinity One Development Company.

The NWLA Community Development Fund I is managed by Kennedy Wilson, a vertically integrated, international real estate investment and services firm and is sponsored by the Strategic Action Council (SAC).The development is the first of its kind in the South and in a smaller market economy. It was established to invest in real estate projects in a 10-parish region and is expected to include mixed-use, mixed-income projects, and commercial joint ventures with a range of developers and builders in the community. Contributing to the Fund is a unique Local Investor Group (LIG) bringing African-Amercian and Anglo-American investors together to invest jointly in these important endevours. Major national investors came on board with the Fund because of the support of the Local Investor Group and the community as a whole.

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Trinity One
Vintage Realty Company
Strategic Action Council of Northwest Louisiana
Northwest Louisiana Community Development Committee
Kennedy Wilson
Local Investors Group
Economic Innovation International, Inc
Strategic Development Solutions
Sustainable Systems Inc.

Trinity One

Trinity One Community Development Corporation is a faith-based not-for-profit community development corporation affiliated with Tabernacle Baptist Church. Trinity One was formed to: undertake RiverScape Parkway; coordinate the second bottom line benefits to the project; and subsequently, to utilize profits for the furtherance of their mission to encourage community development in lowincome neighborhoods.

Trinity One, in a joint venture with Vintage Realty, plans to contract with local, minority home builders to construct some of the homes in the RiverScape Parkway development, thereby generating community benefits, affordable housing, job training, and community assistance. This is one of the first true joint ventures between a mainstream developer and a full community partner in the nation. 

The Vintage/Trinity One partnership will entitle the property and complete the horizontal infrastructure for the first phase of the project consisting of 50 acres. The organization has contracted with Sustainable Systems, who specializes in double bottom line initiatives, as their development representative. Trinity One? s share of the profits from the development will be utilized to generate other community benefits, including affordable housing, job training, and community assistance.

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Vintage Realty Company

Vintage Realty Company is a leading local, vertically-integrated real estate company in Shreveport-Bossier City, Louisiana including surrounding locations in Texas and Arkansas.

Vintage Realty Company’s development projects include local retail centers, apartment projects, office parks, and a 377- acre traditional neighborhood development. The company also provides brokerage, leading, and property management services.

RiverScape Parkway is one of the first true joint ventures between a mainstream developer and a full community partner in the nation. As the developer in the RiverScape Parkway joint venture with Trinity One and the Northwest Louisiana Community Development Fund I, Vintage Realty Company will oversee the horizontal development and entitlement process for the first 50 acre phase. Vintage has undertaken more detailed planning for the site, commissioned the Market Position Analysis, and taken the lead on site acquisitions issues.

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Strategic Action Council of Northwest Louisiana

Founded in 2003, the Strategic Action Council of Northwest Louisiana, Inc. (SAC) is a broad-based regional business and civic-led organization created to enhance the capacity of the region to compete in today’s global, technology-driven economy. The SAC is particularly concerned with improving economic development, education, enterprise development, workforce training, and healthcare in the Northwest Louisiana region.

The SAC was created to realize the substantial potential to develop areas in ways that benefit both the low-and moderate-income residents who live in inner city and rural communities as well as add value to the economy. These poor communities represent urban emerging markets with potential to contribute to the growth and vitality of the larger region. RiverScape Parkway will benefit these Shreveport-Bossier City communities while adding value to the entire Northwest Louisiana region.

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Northwest Louisiana Community Development Committee

The Community Development Committee (CDC) was created by the SAC to stimulate job and wealth creation and community revitalization in the region’s low-and moderate-income communities.

As the CDC will not have responsibilities for the investment decisions of the Fundof RiverScape Parkway, they will assist the Fund Manager in ensuring that the second bottom line goals are met.

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Kennedy Wilson

This organization is a national, vertically integrated, full-service real estate investment and management company. Kennedy Wilson’s management of the Fund utilizes the core strengths of Kennedy Wilson, and represents the themes that are at the heart of their business philosophy - blending both financial gain and community benefits in each investment.

The group invests in under-improved or under-leased properties where value can be added and realized through property enhancement and repositioning, as well as highly efficient building operations management. Since 1999, Kennedy Wilson has invested more than $2.0 billion of equity across multiple types of assets totaling more than $5.7 billion of aggregate transaction value through its closedend funds and joint ventures.

Kennedy Wilson has long and extensive relationships with a number of prominent institutions with which it has invested through joint venture arrangements and for which it has provided services. Their operations are defined by two principal business units: KW Investments and KW Services.

This group, teaming with Strategic Action Council of Northwest Louisiana (SAC) and their Community Development Committee (CDC), offers investors the opportunity to invest in a double-bottom line fund therefore impacting economic, social, and environmental attributes. Zazell V. Dudley has joined Kennedy Wilson’s Fund Management Group as managing director for the Northwest Louisiana Community Development Fund I (the Fund). She is the first level of contact for potential investment evaluation and will aid in determining real estate trends in the local market.

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Local Investors Group

The NWLA Local Investors Group, LLC (LIG) was formed to show potential national investors in the NW Louisiana Community Development Fund I that the folks “on the ground” strongly support the mission and recognize the potential of the Fund. Without exception, each of the national investors has credited the LIG with doing just that. It’s a perfect example of “putting your money where your mouth is” because the members of the LIG are investors, through it, in the Fund themselves with commitments ranging from $50,000 to $1,000,000. So far, over $2,250,000 has been raised from local institutions, companies and families. And, in a precedent setting effort, investors in the LIG have been drawn from both the Anglo and African-American segments of our communities. Fundraising efforts will continue through the end of the year.

Members of this group currently are Red River Bank, the Community Foundation of Shreveport-Bossier, an investment vehicle of the Carolyn W. and Charles T. Beaird Family Foundation, Bossier City businessman Mr. Jeff Lowe, Galilee Baptist Church, Centenary College of Louisiana, President Emeritus of the National Baptist Convention of America Dr. and Mrs. E. Edward Jones, First Baptist Church of Shreveport, and Praise Temple Full Gospel Baptist Cathedral.

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Economic Innovation International, Inc.

Belden Hull Daniels is the founder and CEO of Economic Innovation International, Inc., a firm internationally recognized for building more than $150 billion of privately capitalized funds designed to accomplish civic and public purposes in 37 states and 21 nations of North America, Europe and Asia since its founding in 1970. Since 1997, Economic Innovation has been the leader, in partnership with Strategic Development Solutions (SDS), in creating a new Double Bottom Line private equity industry in which large institutional investors join with community stakeholders to invest more than $20 billion of private capital in market-rate funds managed by world-class fund managers to rebuild poor neighborhoods. These Double Bottom Line Initiatives and private-equity Funds invest in low-income neighborhoods to produce superior market returns for large institutional investors—major banks, insurance companies, pension funds, university endowments, corporations and high-net-worth individuals— while simultaneously producing jobs, wealth and community revitalization for low-income residents. Funds that Economic Innovation has helped to build are found from Boston, Massachusetts to San Diego, California and Portland, Oregon to Miami, Florida, as well as in such difficult overseas environments as Northern Ireland, Central Europe, Puerto Rico and Palestine. Belden Hull Daniels, founder and CEO, is an attorney and former international banker in Asia who taught for many years at Harvard and MIT.

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Strategic Development Solutions

Deborah La Franchi is the founder and CEO of Strategic Development Solutions (SDS). SDS has been involved with the development of more than 13 different investment funds across the country and internationally. This work has included the development of the Genesis Family of “Double Bottom Line” funds: six funds with more than $500 million of committed capital under management leveraged to more than $1.5 billion in development projects. The different funds designed and built by SDS range from private-equity venture/growth funds to real estate funds targeting specific areas such as commercial, industrial, retail and workforce housing. Before forming SDS in 2002, Ms. La Franchi served as the founding President and CEO of Genesis LA. Before her work at Genesis LA, she served as Assistant Deputy Mayor for Economic Development under Mayor Richard Riordan. In this capacity she managed a number of economic policy initiatives, including: tax reform, business incentives, business attraction policies and development reform.

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Sustainable Systems Inc.

Founded in 1993, Sustainable Systems provides market-based strategies to address sustainable business, economic development and smart growth. In addition to its “double bottom-line” initiatives, Sustainable Systems manages one of the most successful new enterprise accelerators for emerging business, the Communications Technology Cluster (CTC) in Oakland, California. CTC is a paradigm market-based information and communications technology incubator/accelerator whose founder-entrepreneurs are predominantly people of color.

Sustainable Systems is the Initiative Building Consultant and Economic Innovation the Fund Building Consultant to create the Community Capital Investment Initiative and the $300 million Bay Area Family of Funds: three funds—the $100 million Bay Area Smart Growth real estate Funds I & II, the $100 million Bay Area business Equity Funds I & II, and a very large environmental clean-up fund. Together, these funds are generating more than $1 billion of development in the 52 poorest neighborhoods of San Francisco, Oakland, San Jose and other Bay Area communities. The Bay Area Family of Funds joins the Genesis LA Funds as the national model for the $20 billion pioneer “double bottom-line” funds that have been built across the country over the past decade. Joseph Gross, President, and James Nixon, Chair, are the principals of the firm working with Economic Innovation and SDS.

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