ATLANTA, July 1, 2024 /PRNewswire/ — The Promise Homes Company originator John Hope Bryant today declared he is transitioning as chair of the organization, remaining as a investor and supporter. Mr. Bryant supported The Promise Homes Company in June 2017 and grew it to embellish the maximal minority-controlled someone of affordable, single-family property homes in America, pioneering ethnic effect strategies and accord reinvestment finance — within the institutionalised SFR property sector. He also introduced an original rent-to-own hold for the consort and industry.
After fivesome eld of solidified ontogeny and existence heralded by some as a hold for the industry, Bryant oversubscribed the consort in December 2021 to a newborn capital someone patch continuing in a non-executive persona as chair and a investor in the newborn company, providing hold and counselling where useful. Most fresh he helped enlist a CEO for the company, Mr. John Ehle, who Bryant strongly endorses and supports.
Since its founding, the consort has grown to more than $150 million in assets crossways a portfolio of meet low 700 homes and implemented brawny copyrighted doc engagement, business empowerment, and eld vendor programs that are decent business standard. Bryant believes this is the pertinent instance to transformation from his persona as chairman, and has flooded certainty in the newborn CEO as The Promise Homes Company’s capital leader.
“I was chesty to hit been in a non-executive but adjunct persona until the consort institute its newborn CEO, and today that criterion has been achieved. And he has my certainty and my support,” expressed Mr. Bryant. “I wish the consort module move to bit and take the heritage of eld and women someone vendor support, and empowering programs for residents.” Bryant continued, “I countenance nervy to activity them as a shareholder, in hopes they move to discern the continuance evidence and purpose-driven assignment that I shapely the consort on play in 2017.”
Mr. Bryant module work himself to consort activity as necessary and in his power as a material shareholder. He continues to conceive in the assignment of The Promise Homes Company and believes the activity aggroup at the consort is strongly positioned to move to physique on its success. Operation HOPE, also supported by Bryant, continues to hold the residents of The Promises Homes Company for business work and counseling, and The Promise Homes Company continues as a member and relation in beatific stagnant of Operation HOPE.
Media Contact:
Lalohni Campbell
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SOURCE The Promise Homes Company
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