Trump’s Former Chief Usher Raises $100 Million Homebuyer Fund
- Generational Equity funds will share equity for home purchases
- Harleth’s firm plans to sell fractional interests to investors
The fund plans to use a technology platform linking would-be homebuyers to institutions that will co-invest in a concept dubbed “equity sharing.”
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
A former White House chief usher during Donald Trump’s presidency raised about $100 million for a real estate fund to help first-time homebuyers make down payments.
Timothy Harleth is launching Generational Equity Labs. The Washington-based fund plans to use a technology platform linking would-be homebuyers to institutions that will essentially co-invest in a concept dubbed “equity sharing.” Investors will be able to buy and sell their shares of the real estate funds that hold the home equity stakes.