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Increasing CRE Diversity Through a Strategic Relationship

Commercial real estate has long suffered from a lack of diversity. While many of the larger firms are attempting to make headway with diversity initiatives, practitioners in the field recognize that gains by men and women of color have been lackluster. As a legacy industry, one in which most people know someone as a way to get their foot in the door, minorities face an uphill battle when trying to locate the “door”. Even successful minorities in the industry find it difficult to move up the ladder at the large CRE firms.

The idea of shattering the glass ceiling in the CRE industry has inspired many minorities across the U.S. to start their own firms. The Allan Bailey Group and T Dallas Smith & Company are two experienced minority-owned tenant representation CRE firms bringing much needed diversity to the CRE industry. While providing insights and guidance to their clients, both have also made it a top priority to not only introduce other minorities to the industry, but have also provided career opportunities into one of the most lucrative industries in the country.

In an effort to expand their nationwide footprint, with over +150 years of experience and 25 states licensed between the two firms, the principals at The Allan Bailey Group and T Dallas Smith & Company have established a mutual affiliate relationship. As established commercial real estate brokerage companies, both desire to expand their respective geographic capacities in an effort to better serve their clients across the country.


Film Base May 23, 2019 @ 8:42 am

According to Booz- Allen Hamilton, strategic alliances are sweeping through nearly every industry and are becoming an essential driver of superior growth.A notable characteristic of this growth has been the increasing diversity of interfirm alliances.

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