02/24/2010

Strategic Capital Partners Hires Albert Gore III as Vice President of Business Development

Gore's role will focus on new business development and fundraising for Strategic Partners Urban Development Group

Strategic Capital Partners, LLC (SCP) has named Albert Gore, III as Vice President of Business Development for the Strategic Partners Urban Development Group. Based in SCP's New York office, Gore will be responsible for fundraising and assisting with implementing the strategic goals of the group.

"Albert has worked with us for a number of months as a consultant, demonstrating a sharp intellect as well as a passion for the mission of the Urban Group," said Gene Zink, Chairman and CEO. "We are very pleased to have him join SCP full-time." Added Rick Hurd, President, "Albert will not only help us implement our investment strategy of holistic redevelopment of urban communities, but also develop a means by which our investors and partners can measure the social return on their investment through the positive impact it will have in urban communities."

Since joining SCP as a consultant in 2009, Gore - who holds a Bachelor of Arts in Government from Harvard University - has focused on developing relationships with family foundations and endowments that have a mission-driven strategy of investing in affordable housing, education and/or urban redevelopment. He has also worked on a partnership between New Community Ventures and SCP and has assisted with the redevelopment of the Avondale Meadows project in Indianapolis.

Avondale Meadows, funded through private and public partnerships, is a comprehensive project focused on the holistic redevelopment of the challenged, disinvested Meadows area of Indianapolis into a safe, sustainable, environmentally-friendly neighborhood.

"I look forward to working with this talented and dedicated group to develop the most effective model of holistic community revitalization for tackling the problem of concentrated poverty in U.S. cities," said Gore.

Formed in 2005, Strategic Capital Partners, LLC is a privately-held, real estate investment management firm that employs a value-add investment strategy of acquiring commercial and multi-family properties across the United States. SCP, through its Strategic Partners Value Enhancement Fund and its Strategic Partners Urban Development Group, has already invested more than $1 billion in total capital.

The SCP team of veterans has nearly 200 years and $20 billion of collective real estate investing experience, employing a hands-on, cycle-tested investment approach. The Urban Development Group, in particular, was formed in 2008 with the mission to redevelop distressed urban communities nationally. Its goal is "triple bottom line investing" - to serve a positive community purpose, develop in an environmentally conscious manner, and provide a good return on investment.

Strategic Capital Partners is headquartered in Chicago with offices in Indianapolis and New York.

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Strategic Capital Partners Hires Albert Gore III as Vice President of Business Development