<iframe src="https://www.googletagmanager.com/ns.html?id=GTM-PHTV9K7" height="0" width="0" style="display:none;visibility:hidden">
Loading
Skip to Main Content
Product cover image for SoLa Impact and The Billion Dollar Social Impact Fund

SoLa Impact and The Billion Dollar Social Impact Fund

Adlai Wertman, Benjamin Rostoker

Product #:SCG-592
Supplier:Lloyd Greif Center - USC
Discipline:General Management
Setting:United States, California, Los Angeles
Details:Case (PDF) • 25 pages • 2021-11-03

Subjects:

EntrepreneurshipSocial entrepreneurshipEntrepreneurial financingEntrepreneurs and foundersFundraisingDiversity and inclusionRaceMarginalized groupsPovertyImpact investingEntrepreneurial financeBusiness and societySocioeconomic classCorporate social responsibilityLeadership and managing peopleManagement

Industries:

Real estate industry

Geography:

United StatesCaliforniaNorth America
Your Price:$10.54

Purchase this material with a free Educator Account and enjoy more benefits:

  • Free Educator Copy
  • Free Teaching Notes
  • Build your coursepack
  • Discounted academic price

SoLa Impact upended the traditional affordable housing industry by delivering high-quality housing to low-income tenants and double-digit financial returns to investors. Founded by Martin Muoto, a former venture capitalist and Nigerian immigrant, SoLa developed its model by purchasing properties in South Los Angeles. Leveraging its success, in 2020, SoLa opened its fourth and, most ambitious, real estate fund: the $1 billion Black Impact Fund. To persuade institutional investors to join this new fund, Muoto must find a balance between SoLa’s financial objectives and its social goals.

Learning Objectives

To introduce a unique model of using private sector funding to solve a social problem. To analyze the challenges of low-income housing development. To illustrate the hurdles faced by entrepreneurs who are immigrants and people of color. To explain the principles of real estate development funds and the use of Opportunity Zones.
Loading
Case Study: SoLa Impact and The Billion Dollar Social Impact Fund (English version) | Ivey Publishing