BMO Financial Group and DL3 Realty Advisors, LLC, a Black-owned commercial real estate development firm whose Venture Development model is leading a new wave of institutional investment in Chicago's neighborhoods, announced an equity partnership in the redevelopment of a vacant big box store that will create 1,000 new jobs in the Chatham neighborhood on Chicago's South Side. This direct equity investment is the first of its kind in a commercial property for the bank and underscores the growing attractiveness of DL3's institutional investment strategy focused on revitalizing historically disinvested neighborhoods.
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