This Black-Owned Private Equity Firm Raised $11 Million. Now It’s Betting On Luxury Vacation Homes from lava ad Watch Video

⏲ Duration: 37:28
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✓ Published: 08-Jun-2024

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Calvin Butts, the co-managing partner of East Chop Capital, joins Forbes senior writer Jabari Young at the Nasdaq MarketSite to discuss the private equity firm’s $11 million real estate fund, and reveals where opportunities exist in the sector.<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>0:00 Introduction<br/>0:41 What Stock Investing Advice Has Paid Off For Calvin Butts?<br/>3:50 What Is East Chop Capital's Focus: Luxury Homes Or Apartments<br/>6:23 The State Of Rental Properties In US<br/>10:39 How East Chop Capital Is Creating Jobs<br/>20:32 What Was The Process Like With Starting East Chop Capital?<br/>26:46 What Has Changed For Calvin And East Chop Capital With Success?<br/>32:15 How Do Capital Opportunities For Black And Brown Communities Come About?<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.