Our Funds

CEI-Boulos’s objective is to deliver attractive risk-adjusted returns from investments in commercial real estate projects with positive social and environmental impacts, with a focus on:

Projects that help create good jobs

Affordable and workforce housing

Main street revitalization/historic preservation that do not contribute to displacement

Developments that serve nonprofit organizations

Sustainability-focused real estate developments that incorporate green construction practices and/or clean energy adoption.

 

An Award-Winning Model of Impact Investing

All of our funds have established a Social Impact Advisory Board composed of community development professionals and nonprofit leaders that reflect and represent each fund’s key investment audiences.

The Social Impact Advisory Boards provide input related to the social and environmental impacts of each fund’s proposed investments by using metrics that align with the Community Reinvestment Act and other ESG goals.

CEI-Boulos’s first fund, the Woodforest CEI-Boulos Opportunity Fund, was recognized by Forbes and the Sorenson Impact Center as one of “The Forbes OZ 20: Top Opportunity Zone Catalysts’” and one of the ten most innovative and impact focused Opportunity Zone funds in the country.

The Woodforest CEI-Boulos Opportunity Fund was also selected as the winner in the Societal & Community Impact Innovation category for the 2020 BAI Global Innovation Awards , a prestigious awards program recognizing financial services organizations that have gone beyond the conventional to bring creative ideas to life, especially during a time of unprecedented change.

Get In Touch

Portfolio

NBT CEI-Boulos Impact Fund AIC CEI-Boulos Opportunity Fund Woodforest CEI-Boulos Opportunity Fund Our Investments

NBT CEI-Boulos Impact Fund

NBT CEI-Boulos Impact Fund

About the Fund:

The NBT CEI-Boulos Impact Fund is a real estate equity investment fund with NBT Bank as the sole investor. The fund is designed to support individuals and communities with low- and moderate income through investments in high-impact, community supported, commercial real estate projects located within the bank’s Community Reinvestment Act (CRA) assessment areas in New York.

Founded:

2022

Status:

Fund Focus:

Community Reinvestment Act (CRA) assessment areas

Footprint:

Upstate and Central New York State

AIC CEI-Boulos Opportunity Fund

AIC CEI-Boulos Opportunity Fund

About the Fund:

The AIC CEI-Boulos Opportunity Fund is a joint venture partnership with Allivate Impact Capital, a new subsidiary of Woodforest National Bank, and CEI-Boulos Capital Management. This multi-investor Opportunity Zone fund is focused on financially attractive, Community Reinvestment Act (CRA) eligible projects throughout the country.

Founded:

2022

Status:

Currently deploying capital

Fund Focus:

Opportunity Zones

Footprint:

National

Woodforest CEI-Boulos Opportunity Fund

Woodforest CEI-Boulos Opportunity Fund

About the Fund:

The Woodforest CEI Boulos Opportunity Fund is a real estate equity investment fund with Woodforest National Bank® , a privately owned bank with over 750 branch locations, as the sole investor. The fund was recognized by Forbes and the Sorenson Impact Center as one of “The Forbes OZ 20: Top Opportunity Zone Catalysts” and one of the ten most innovative and impact focused Opportunity Zone funds in the country. The fund also won the 2020 BAI (Bank Administration Institute) Global Innovation Award in the “Societal and Community Impact Innovation” category.

Founded:

2020

Status:

Fully invested

Fund Focus:

Opportunity Zones

Footprint:

Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Mississippi, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia 

Our Investments

Portfolio

Our Investments

Flanigan Square Transformation Project

Troy, NY

Creates 72 units of affordable and workforce housing and supports a non-profit grocery store.

Learn More
Our Investments

Zero Energy North Avenue Mixed-Use Project

Baltimore, MD

Eco-friendly development of 20 units of affordable housing and four retail storefronts.

Learn More
Our Investments

Forge on North Main

Evansville, IN

Creates 180 units of affordable and workforce housing on a remediated brownfield site.

Learn More
Our Investments

St. James Hotel

Selma, AL

Supports good jobs and civil rights tourism via the reopening of an historic hotel.

Learn More
Our Investments

Sharswood Ridge

Philadelphia, PA

Affordable and workforce housing, a grocery store, a bank branch and an urgent care medical clinic.

Learn More
Our Investments

St. Elizabeth East Campus

Washington, D.C.

Redevelopment of a historic hospital campus to house a non-profit healthcare provider.

Our Investments

The Wesmont

Indianapolis, IN

A transit-oriented development consisting of 188 units of affordable housing.

Learn More
Our Investments

The Mercantile on Main

Rochester, NY

In the historic Sibley Square Building, this food hall removes barriers to food entrepreneurship.

Learn More
Our Investments

698 Prospect

Pembroke, NC

A student housing project, partly powered by on-site solar, serving the population of UNC Pembroke.

Learn More
image of Wesmont Workforce Housing

Wesmont Workforce Housing

“Affordable and transit-oriented multifamily housing development on a former industrial brownfield site in Indianapolis’s Near Eastside neighborhood. The Wesmont, named after Indianapolis native…”

image of Zero Energy North Avenue Affordable Housing Baltimore

Zero Energy North Avenue Affordable Housing Baltimore

“The Woodforest CEI-Boulos Opportunity Fund, a high-impact commercial real estate Opportunity Zone fund established by CEI-Boulos Capital Management and Woodforest National Bank®, made…”