Real Estate

Commercial real estate firms join to recruit Black student-athletes

Cedric Bobo discusses a new program for Black student-athletes to transition into the commercial real estate market.

Diana Olick | CNBC

When Darius Livingston graduated from the University of California, Davis, two years ago, he knew his football career was over. Like most of his former teammates — and the majority of college athletes — he wasn’t going pro.

Instead, Livingston went into commercial real estate, thanks to lessons he learned from a paid internship program that teaches young students of color the fundamentals of finance, with a particular focus on real estate investing.

The program, Project Destined, is a social impact platform founded by former Carlyle Group principal Cedric Bobo.

Bobo made a name for himself in real estate investing and then decided to pay it forward. He launched the finance program in 2016 primarily for high school students. Then he broadened it to colleges, seeing the opportunity for

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