NEW YORK, March 24, 2022 /PRNewswire/ — Lafayette Sq., an impact investment decision system, announced now that Onay Payne has been appointed Managing Director of Actual Estate. In this freshly designed part, Payne will oversee the firm’s serious estate division, which will employ extended-expression capital and coordinated providers to support the revitalization of neighborhoods in traditionally marginalized communities by way of municipally significant redevelopments as nicely as the development and preservation of cost-effective housing. Payne will also be a aspect of the expenditure committee that will oversee all of Lafayette Square’s broader real estate functions which includes strategic joint ventures and inclusive actual estate improvement.
Payne is a actual estate veteran with in excess of twenty-five a long time of industry expertise. Prior to joining Lafayette Sq., she was an fairness companion, Taking care of Director and Portfolio Manager at Clarion Associates, a real estate financial commitment organization with around $70 billion in belongings underneath management. Around the program of her career at Clarion Associates, which commenced in 2003, Payne served in various expense roles with oversight of several commingled cash and different accounts invested throughout all big residence types and markets in the course of the United States and Mexico, and also served on the Investment decision and Occupation Management Committees. Payne began her vocation inside the financial commitment banking division at JPMorgan Chase.
“We are thrilled that Onay has joined Lafayette Sq. to build the third pillar of our effect investment decision platform,” said Damien Dwin, founder and CEO of Lafayette Square. “Her track record melds deep serious estate investment decision know-how with a passion for producing positive effects in nearby communities.”
“I share Damien’s and the Lafayette Sq. team’s vision in leveraging an influence-driven investment decision solution to make a lasting variation in communities that have historically been missed and undercapitalized,” mentioned Payne. “I am honored to sign up for these kinds of an modern platform and assist scale our genuine estate financial investment initiatives to enact significant modify in underserved regions.”
Payne acquired a bachelor’s diploma from Harvard University (magna cum laude) and an M.B.A. from Harvard Business enterprise University, where she was a Robert Toigo Foundation (“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 Team. She is also a member of the Harvard Alumni Real Estate Board the Real Estate Govt Council WX New York Gals Executives in True Estate the City Land Institute, wherever she sits on the countrywide Technological know-how and Serious Estate Council and the ULI NY Advisory Board and the Advisory Board of Constructing Cyber Stability.
Payne is a regarded chief inside of the genuine estate marketplace, possessing been selected as a member of Professional Observer’s 2021 Power Finance 50 checklist, featured in the Rate Frequent Ground Campaign for Gender Equality in 2017, inducted into Toigo Foundation’s inaugural “40 Beneath 40” listing in 2013, and showcased in Actual Estate Discussion board Magazine’s “Ladies of Impact 2010”.
About Lafayette Square
Lafayette Square is an affect investment system doing the job locally to make an inclusive American economic system. Our mission is to be the leading provider of affect-driven capital. We believe deploying funds and curating services will create economic opportunity for all.
As we make investments, we operate with a mission-aligned network to provide impactful services that improve the wellbeing of underserved individuals and communities. For more details about Lafayette Square, make sure you visit www.lafayettesquare.com.
Media Make contact with:
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Dukas Linden Public Relations
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Source Lafayette Square Keeping Organization