August 21, 2019
Hunton Andrews Kurth Real Estate lawyers recently took part in Project Destined’s inaugural three-day intensive real estate program focused on empowering underserved communities in the Los Angeles area through training in financial literacy, total health and leadership development.
Working with the nonprofit’s sister organization, Destined Capital Management, Project Destined introduces diverse high school and college students as well as military veterans to business and real estate fundamentals and how to apply those principals to design and propose their ideal communities.
Partner Jane Hinton and Associates Ryan Nolan and Mack Watson served as program coaches providing support and guidance to each of their assigned team’s proposed multifamily real estate investment, helping them to analyze the acquisition, associated risks, costs and potential investment gains. On the final day, the teams presented their ideas to a panel of judges that included, among others, the heads of several major real estate investment companies, the LA Deputy Mayor for Economic Development and the Executive Director of the Lakers Youth Foundation.
Associates Ryan Nolan and Mack Watson coached the winning team, which was awarded a grand prize in scholarship money of $5,000 and the jewel studded Project Destined LA Championship belt. Teams in second, third, and fourth place took home $2,500, $1,500 and $1,000, respectively.
Project Destined provides opportunity for scholars to gain exposure to real industry professionals, and knowledge of all aspects of the real estate investment life cycle.
Hunton Andrews Kurth Real Estate Partners Laurie Grasso and Robert Smith spearheaded the firm’s participation in this initiative, having contributed their time and talent to the successful New York Project Destined Program in Spring 2018.