At the first-ever TREC Shark Tank: GrowSouth event, all three teams presenting innovative investment and economic development ideas for southern Dallas were promised funding. Civitas Capital Group‘s Tillie Borchers, who manages the GrowSouth Fund for the firm, was the only shark to award all three teams funding.
Modeled after the hit television show, The Real Estate Council‘s Shark Tank featured three teams pitching projects to develop parcels located within the City of Dallas’s GrowSouth footprint before a panel of real estate investors and a live audience.
“This event was a great way to highlight the growth opportunity in southern Dallas,” Borchers said. “Our participation in the event exemplifies Civitas’ commitment to southern Dallas, urban development, and creative solutions for funding real estate projects that meet community needs.”
- Rodney Burchfield and Burchfield & Partners, Inc. received a $1.35 million deal from sharks Tillie Galan Borchers (GrowSouth Fund), Bill Cawley, Michael W. Dardick, Craig Hall, and Frank Mihalopoulos to construct a 70,000 square-foot hangar at Dallas Executive Airport, which the company anticipates will create 30-60 full-time jobs.
- The Dallas Unity Fund received $250,000 from the GrowSouth Fund to help develop and sell single family infill houses priced for quality workforce housing.
- Vector Studies, LLC, received $500,000 from all sharks to revitalize the former Forrest Avenue Community Hospital on Martin Luther King Jr. Boulevard into a multipurpose medical facility.
- “Everyone involved has demonstrated a deep commitment to transforming our city. It’s inspiring to work with the development teams,” said Linda McMahon, president and chief executive officer of The Real Estate Council. “Looking at the ideas that were submitted for this event, it’s clear that there are many creative, community-driven solutions for development in southern Dallas.”
The Civitas Capital Group family of companies provides a range of products and services for institutional investors, family offices, and qualified individuals. This press release does not constitute an offer or solicitation with respect to the purchase or sale of any security in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it would be unlawful to make such offer or solicitation. Learn more about Civitas Capital at www.civitascapital.com.