On this episode of Impact Real Estate Podcast, we check on the climate of affordable housing in the City of Brotherly Love with SHIFT Capital Co-founder and Principal Brian Murray. We walk about how Brian’s work is Influencing and pushing the conversation around healthy, equitable neighborhoods and development in Philadelphia and how his time in the tech space led him down a path to creating a firm that invests with a purpose. 

EPISODE NOTES:

01:34 - What is Shift Capital?

03:04 - Macro level Philly argument 

06:14 - One of the core challenges of real estate 

09:53 - A lot of door knocking 

11:32 - A little lighting in a bottle 

15:52 - Too much personality to be an accountant 

19:52 - Upside down economics 

23:27 - Vertically integrated 

25:37 - Possible expansion 

26:34 - The Hot Seat Presented by KK Reset 

Brian Murray is the co-founder of Shift Capital, an impact urban real estate group driving mission-oriented capital, collaborative resources and inclusive strategies into underserved communities. Through his work at Shift, Brian is focused on finding better solutions at the intersection of society’s most difficult urban challenges - intergenerational poverty, urban revitalization, access to opportunity, and community displacement. 

Brian spent the majority of his career outside of the real estate space, starting his career at PricewaterhouseCoopers as an auditor. He moved into the technology space where he helped found two start-ups, before joining the Peace Corps and heading back to get his MBA. While in graduate school, Brian observed the growing interest in impact investing - investing with a purpose. It was at this time he made his first real estate investment and discovered the importance of socially-minded development. He hasn’t looked back since.

Brian is a graduate of The College of New Jersey and received his MBA from Yale School of Management. He is the co-founder of Arete Youth Foundation, focused on youth development in the Roma communities of Bulgaria. He has two daughters that keep him young at heart and on his toes.