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Smith Moore Leatherwood, Ted Edwards, Helping Minorities Find Opportunities in Commercial Real Estate

Smith Moore Leatherwood, Ted Edwards, Helping Minorities Find Opportunities in Commercial Real Estate

September 23, 2008

RALEIGH, NC – Smith Moore Leatherwood LLP, and partner Ted Edwards are co-sponsoring the first annual African American Real Estate Professionals of North Carolina (AAREPNC) "Real Estate Day" symposium, October 21 at St. Augustine's College.

Edwards, a member of the firm's Raleigh real estate practice, is president of the AAREPNC and sees the role of both Smith Moore Leatherwood and the AAREPNC as that of facilitators.  According to Edwards, the first-time event is the culmination of two years of study and research in developing a program that will potentially introduce area minorities to business opportunities in commercial real estate.  "The symposium is designed as a way to help immerse minorities in a side of the real estate business where they are sorely needed," says Edwards.  "The irony is, there are many minorities on the residential side of real estate, but there's a void on the commercial side and that's where their help will be needed in the future."

As Raleigh continues to expand its commercial real estate footprint, the city is seeking opportunities for growth in mostly-urban areas along its southeast border.  "In order for Raleigh to meet its long-term growth goals, the southeastern part of the city is going to have to develop and the minority community is going to have a large voice in the direction of that growth," says Edwards.  "The symposium is a first step toward giving area minorities access to the commercial real estate network, which has historically had very low minority representation."

Keynote speaker Chauncey C. Mayfield, president and CEO of Detroit-based Mayfield Gentry Realty Advisors LLC, a "Top 100 Real Estate Advisory Firm," will headline the event.  The program will also include 101-style presentations from area commercial brokers, investors and builders, in addition to networking opportunities.

Donnie Turlington
For Smith Moore Leatherwood LLP

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