Mack Real Estate Group and Project Destined Announce Expanded Partnership to Mentor the Next Generation of Commercial Real Estate Leaders | Company

NEW YORK–(BUSINESS WIRE)–Nov. 1, 2022–

Mack Real Estate Group, LLC (MREG), a leading vertically integrated institutional real estate developer, operator, investor and lender, today announced the expansion of its relationship with Project Destined, a premier social impact platform plan that offers training in financial literacy, entrepreneurship, and real estate.

“We are thrilled to partner again with Project Destined to further support and empower students from underrepresented communities through training in the fundamentals of real estate and professional development. There is no substitute for direct, hands-on experience with active mentors in the profession,” said Richard Mack, CEO of MREG. “We were really impressed with both the enthusiasm of the students and the leadership of Project Destined. Over the past two years, the Project Destined program has become a vital part of our engagement efforts at Mack Real Estate Group, with mentors, speakers and judges from our equity, credit and development teams who dedicate their time to helping educate and prepare the next generation of real estate leaders.

Beginning in 2021, Mack Real Estate Group has partnered with Project Destined in the New York area to provide participants with mentors from across MREG’s debt, equity and development platforms. Over the past two years, MREG has sponsored four student teams representing more than 50 Destined Project participants.

“We are excited to expand our partnership with Mack Real Estate Group to expand our work in the New York City market,” said Cedric Bobo, co-founder of Project Destined. “The MREG team has invested incredible resources to provide this group of students with mentorship, exposure and networking opportunities. We are proud to partner in preparing these students for potential careers in real estate.”

About Mack Real Estate Group

Mack Real Estate Group, LLC (MREG) is an integrated real estate investor, developer, operator and lender. On behalf of institutional and high net worth investors, it invests in debt and equity securities in real estate and real estate-related securities through multiple lines of business and strategies.

About the intended project

Project Destined is a leading social impact platform that provides training in financial literacy, entrepreneurship, and real estate. Project Destined partners with businesses, schools, and nonprofits to deliver training using its proprietary e-learning platform and live courses. Project Destined uses a work-based learning approach where students work with executives to evaluate live offerings in their community and pitch them in a pitch competition to industry leaders. Researchers emerge with the skills, confidence, experiences and networks that prepare them to land a solid first job and become active in their community. For more information, please visit https://projectdestined.com.

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KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

SECTOR KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & REAL ESTATE HUMAN RESOURCES FINANCE FCI BANK PROFESSIONAL SERVICES OTHER CONSTRUCTION & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Mack Real Estate Group, LLC

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PUBLISHED: 01/11/2022 10:40 AM/DISC: 01/11/2022 10:41 AM

http://www.businesswire.com/news/home/20221101005966/en

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