In 2014, we acted on our belief that the best returns are found in overlooked markets, and began investing in Detroit real estate. Over the years that followed, we achieved superior returns and also played a positive role in Detroit’s neighborhoods.
The Opportunity Zone legislation has given us a roadmap – and tax incentives – to expand our operations in Detroit and beyond.
Jed Howbert has managed the investment of several billions of dollars in real estate and infrastructure in a career devoted to strengthening the prosperity of American cities. He restructured the Planning and Housing departments during Detroit's bankruptcy, and then spent four years leading the creation and execution of plans to grow Detroit's economy and population.
BA Harvard College; MBA The Wharton School at the University of Pennsylvania; MA John Hopkins School of Advance International Studies
Office of Detroit Mayor Mike Duggan, Tishman/AECOM, Goldman Sachs Urban Investment Group, Office of New York City Mayor Michael Bloomberg, Boston Consulting Group
In the last five years, Matt Temkin created a framework for sourcing, acquiring, improving and managing multi-family and commercial developments in Detroit. Matt co-founded North Coast Partners, which acquired over 500 off-market apartment units, and is a founding member of the Opportunity Zone Early Movers Coalition.
JD, Columbia Law School; BA, the University of Michigan
North Coast Partners LLC, Kramer, Levin Naftalis & Frankel, LLP, Sidley Austin LLP.
Justin Golden underwrote and oversaw the acquisitions of fifteen apartment buildings and twenty-three acres of vacant lots in strategic neighborhoods in Detroit. He was previously the Chief Operating Officer and Managing Partner of Lake Hill, a $900mm alternative asset management firm.
BBA in Finance and Corporate Strategy from the Ross School of Business at the University of Michigan
Lake Hill Capital Management (assets acquired by Leucadia Asset Management, a wholly-owned subsidiary of Jefferies Financial Group), Bank of America, Deutsche Bank.