NEW YORK, March 24, 2022 /PRNewswire/ — Lafayette Square, an effects expenditure platform, announced today that Onay Payne has been appointed Taking care of Director of Serious Estate. In this newly produced position, Payne will oversee the firm’s actual estate division, which will employ very long-time period cash and coordinated companies to assist the revitalization of neighborhoods in historically marginalized communities by municipally sizeable redevelopments as perfectly as the development and preservation of very affordable housing. Payne will also be a part of the investment decision committee that will oversee all of Lafayette Square’s broader true estate activities together with strategic joint ventures and inclusive true estate improvement.
Payne is a real estate veteran with about 20-5 many years of industry encounter. Prior to becoming a member of Lafayette Sq., she was an equity associate, Taking care of Director and Portfolio Supervisor at Clarion Partners, a true estate investment agency with about $70 billion in assets beneath management. Over the class of her job at Clarion Companions, which began in 2003, Payne served in multiple financial investment roles with oversight of a number of commingled money and independent accounts invested across all main assets forms and markets through the United States and Mexico, and also served on the Expense and Career Administration Committees. Payne began her occupation in just the expense banking division at JPMorgan Chase.
“We are thrilled that Onay has joined Lafayette Sq. to develop the 3rd pillar of our influence expenditure platform,” stated Damien Dwin, founder and CEO of Lafayette Square. “Her qualifications melds deep actual estate investment decision skills with a passion for generating beneficial influence in area communities.”
“I share Damien’s and the Lafayette Sq. team’s eyesight in leveraging an effects-pushed investment solution to make a long lasting distinction in communities that have historically been disregarded and undercapitalized,” mentioned Payne. “I’m honored to be part of these types of an impressive platform and enable scale our actual estate expense endeavours to enact significant transform in underserved parts.”
Payne gained a bachelor’s diploma from Harvard College (magna cum laude) and an M.B.A. from Harvard Business enterprise University, where she was a Robert Toigo Basis (“RTF”) Fellow. She currently serves as Chair of the RTF Alumni Endowment Board and Chair of the Finance Committee of the board of the Mark Morris Dance Group. She is also a member of the Harvard Alumni Genuine Estate Board the Serious Estate Govt Council WX New York Women of all ages Executives in Genuine Estate the Urban Land Institute, in which she sits on the nationwide Engineering and Real Estate Council and the ULI NY Advisory Board and the Advisory Board of Building Cyber Security.
Payne is a identified chief inside of the real estate industry, owning been chosen as a member of Industrial Observer’s 2021 Electric power Finance 50 record, showcased in the Tempo Widespread Ground Campaign for Gender Equality in 2017, inducted into Toigo Foundation’s inaugural “40 Underneath 40” list in 2013, and highlighted in Serious Estate Forum Magazine’s “Females of Impact 2010”.
About Lafayette Square
Lafayette Sq. is an effects expense platform operating locally to make an inclusive American economy. Our mission is to be the leading provider of impression-pushed capital. We believe deploying capital and curating services will create economic opportunity for all.
As we make investments, we perform with a mission-aligned network to provide impactful services that improve the wellbeing of underserved men and women and communities. For extra data about Lafayette Square, be sure to visit www.lafayettesquare.com.
Media Get hold of:
Shree Dhond/Doug Allen
Dukas Linden Community Relations
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Resource Lafayette Sq. Holding Corporation