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.
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Portfolio
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:
Currently deploying capital, see attached fund overview for specific project parameters.
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
Portfolio
AIC CEI-Boulos Opportunity Fund 2023 Social Impact Report
Click the link below to view the 2023 Social Impact Report
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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
Flanigan Square Transformation Project
Creates 72 units of affordable and workforce housing and supports a non-profit grocery store.
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Zero Energy North Avenue Mixed-Use Project
Eco-friendly development of 20 units of affordable housing and four retail storefronts.
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Forge on North Main
Creates 180 units of affordable and workforce housing on a remediated brownfield site.
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St. James Hotel
Supports good jobs and civil rights tourism via the reopening of an historic hotel.
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Sharswood Ridge
Affordable and workforce housing, a grocery store, a bank branch and an urgent care medical clinic.
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St. Elizabeth East Campus
Redevelopment of a historic hospital campus to house a non-profit healthcare provider.
The Wesmont
A transit-oriented development consisting of 188 units of affordable housing.
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The Mercantile on Main
In the historic Sibley Square Building, this food hall removes barriers to food entrepreneurship.
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698 Prospect
A student housing project, partly powered by on-site solar, serving the population of UNC Pembroke.
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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…”
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…”