Direct Investment: East Bay Permanent Real Estate Co-op
East Bay Permanent Real Estate Cooperative (EB PREC) is a community-controlled real estate co-op in the Bay Area designed to create a model of ownership that prioritizes racial, social, and environmental justice over solely profit. Investors in the co-op, though not expecting significant financial returns, receive a modest annual dividend of 1.5% and support projects aligned with social impact rather than wealth accumulation. This model challenges capitalist norms by focusing on collective benefit and sustainability rather than maximizing profit. The co-op’s success in generating dividends and maintaining financial viability has helped validate this alternative model of community-controlled development, offering a blueprint for equitable real estate ownership.
Partners investors include: Kataly Foundation, Mellon Foundation, Ford Foundation, Chordata Capital, Surdna Foundation, San Francisco Foundation, Impact Assets, Kensington Corridor Trust, Chan Zuckerberg Initiative, Hellman Foundation, Hewlett Foundation, and more.