The Miami Herald
With the South Florida Urban Initiative Fund underway, Philip Blumberg, CEO of American Ventures, aims to raise $100 million for the fund, which he anticipates will fuel “$1.2 billion worth of urban renewal and affordable housing projects in the region over the next seven years.” Philip Blumberg is now planning other real estate […]

Miami Today
Philip Blumberg, CEO of American Ventures, has recently launched the first real estate investment fund in the US to provide “mezzanine financing specifically for urban projects.” The South Florida Urban Initiatives Fund will finance “mixed-use, residential and commercial projects for experienced developers.” Full story (PDF,272KB).

Globe Street Insight
American Ventures CEO, Philip Blumberg, has recently announced the launch of the South Florida Urban Initiatives Fund. According to Miami Mayor Manny Diaz, the launch places Miami in a leadership role in “the creation of innovative ways to leverage private and public resources for public good.” Full story (PDF, 200KB).