Last month our team gathered in person to connect, learn, and plan for the year ahead. As CEO David Lynn says in his “State of the Universe” grounding opening, “This is the team that will get us to $1 billion in assets into community (AIC).” You read that right—we’re planning to reach ONE BILLION DOLLARS over the next few years, after having crossed $100 million in AIC at the end of 2023.
A big part of the road to $1 billion we plan to come from Care Access Real Estate (CARE). CARE started with a novel idea in 2019 to increase system capacity and resilience by addressing the real estate barriers faced by center- and home-based child care providers.
Today, CARE has 11 properties across two regions: 10 in Clark County, Nevada, and one in San Diego County. Since real estate—especially in Southern California—is quite expensive, those properties represent millions in assets into community in a few short months. What’s more, six child care provider tenants—Markeshia, Destinee (in photo above), Anitra, Kathy, Shaquita, and Arzelia—have successfully moved in. These family child care providers, all women of color, are on their way to showing that caregiving can be wealth-building.
I can’t wait to share more about new CARE properties and child care providers this year, including our first in San Diego, once renovations are complete.
Wishing you a safe and happy new year 🐉
Lauren Grattan
Co-founder & Chief Community Officer
