As Biden Gives First State Of The Union, African-American Voters Want A Focus On Solutions
As President Joe Biden (D) makes his journey down Pennsylvania Avenue for his first State of the Union (SOTU) address, millions of Americans will be listening keenly to hear what solutions he lays out for curbing inflation and getting the country out of the pandemic. One of those Americans will be Adam Layne, the newly appointed treasurer for the city of St. Louis.
An interview with Carrington M. Carter Co-Founder and General Partner East Chop Capital
East Chop Capital is a Black-owned private equity firm with $7M in assets under management. East Chop Capital was founded by Calvin L. Butts, Jr. and Carrington M. Carter in 2018, born from the idea and necessity of working together—pooling the resources of many, to accomplish much more than individuals can on their own. Lack of access to capital is a top hurdle for businesses and entrepreneurs, especially minority-owned businesses. East Chop Capital is working to eliminate that disparity and is dedicated to providing resources to the businesses that need them, from seed to late-stage companies.
Calvin L. Butts Jr. stresses the value of investing in children and community
Calvin L. Butts Jr. has built a successful life as an investor. As co-founder of East Chop Capital, Butts has touched and impacted lives in the most rewarding way. But his greatest success has been being a father. Butts offers his thoughts on what it takes to be a great father in rolling out’s Father Coach Club Series.
Black-owned Private Equity firm East Chop Capital Delivers 328% ROI from its First Sale and Returns $1M to Investors
East Chop Capital, a Black-owned private equity firm with $7M in assets under management, announces a 328% ROI on its first real estate sale, and the return of $1M to investors. Its inaugural fund is on track to deliver 20% annual returns, net of fees and is well-positioned in the thriving vacation rental home market.
These Travel Companies Are Making It Easier to Support Black-owned Businesses
Many travelers have put a new focus on spending their money with Black-owned hotels, restaurants, and attractions. Thankfully, innovative tools and services are making it easier than ever.
5 Things to Know About Booking a Summer Rental
Property owners, agencies and management companies are predicting a busy, if not outright bonkers, summer.
HBCU Grads Turn Travel Passion Into $10 Million Real Estate Portfolio in Less Than 5 Years
HBCU grads, Carrington M. Carter and Calvin J. Butts, Jr. of East Chop Capital, are changing the face of private equity.
The two Hampton graduates recently announced the closing of their $4 million fund. With a strong background in real estate and entrepreneurship, Carter and Butts are capitalizing on the multi-billion dollar global vacation rental market.
East Chop Capital Closes $4M Fund To Break Into Vacation Rental Housing Market
We welcome in Carrington M. Carter and Calvin L. Butts, Jr. to speak about their firm East Chop Capital, one of the fastest growing Black-owned private equity firms. We also discuss their recent close on a $4 million fund and their luxury vacation rental brand, Getaway Society.
Hampton University Grads Raise $4M To Create Luxury Travel & Hospitality Agency
In their own words, Hampton University alumni Calvin L. Butts, Jr. and Carrington M. Carter created private equity firm East Chop Capital in 2018 to pool “the resources of many, to accomplish much more than individuals can on their own.” As real estate developers and experienced entrepreneurs, the two men have found a way to financially support disadvantaged communities and also engage minority investors to lock in on the $170 billion global vacation rental market. In fact, they have brought on other Hampton alumni, HBCU graduates, Divine 9 and Sigma Pi Phi (Boulé) members, and more together to provide the best combined financial, educational, and social returns.
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Black-Owned Private Equity Firm, East Chop Capital, Raises $4 Million and Announces Closing of its Inaugural Fund
NEW YORK–(BUSINESS WIRE)–When it comes to funding minority entrepreneurs, only 1 percent goes to Black founders. With only 2 percent of investment professionals being Black, one private equity firm seeks to change the face of the industry. Today, East Chop Capital, a Black-owned private equity firm, announces the successful closing of its inaugural $4 million fund. The fund was created to capitalize on the thriving $113 billion global vacation rental market.
Meet Two HBCU Grads Taking Over The Vacation Rental Market
What began with a vacation in the Poconos, later led to these college friends joining forces to turn their love for traveling into a profitable business.
Black Entrepreneur Blueprint 328 - Two Millennials Build An 8 Million Dollar Vacation RE Portfolio
Join me on today’s Black Entrepreneur Blueprint episode # 328 where I talk with Carrington Carter and Calvin Butts Jr, the founders of www.GetawaySociety.com, a high-end vacation rental investment company, and also East Chop Capital, a private equity firm. Visit: http://www.getawaysociety.com/
Creating a World of Welcome
Join traveler guest panelists and Vrbo property managers to learn about their travel experiences and how you can better manage your rental to welcome guests of all backgrounds. You’ll learn about diversity, inclusivity and how to maximize your rental revenue by fostering an environment that encourages travelers of all backgrounds. This session will prepare you to welcome the world.
Touchless Tech: How Short-Term Rentals are Simplifying Stays Amid Covid-19
For the past few years, one of the biggest buzzwords in travel has been “seamless,” envisioned as a utopian experience in which every moment of a journey – before, during and after a trip – happens effortlessly and yet is customized to the needs and interests of the traveler.
Then came COVID-19 – upending the travel industry, the way business is conducted and the expectations of consumers.
What's Happening With Airbnb & Short Term Rentals In A Crisis?
In this video, we will discuss what’s happening with Airbnb and short-term rents in a crisis, directly with an expert on the subject. We have a special guest who will share important information about these types of properties and will clarify many questions for us. Without further due, please welcome Carrington Carter. Happy learning!
HBCU Innovators: Getaway Society
Two Hampton University alumni have made vacation home rentals their business with a $5 million portfolio.
How Two Black Millennial Entrepreneurs Turned Their Love For Travel Into A $5 Million Real Estate Portfolio
In a field that’s heavily dominated by white males, two black millennials have created their own lane in the vacation rental investment property.
Calvin Butts Jr. and Carrington Carter turned their love for traveling into a $5 million real estate company through the luxurious vacation homes they offer through their company: Getaway Society.
Meet the HBCU Grads who built a $5 Million Real Estate Portfolio for Vacation Rentals
By 2020, millennials are collectively expected to spend $1.4 trillion on traveling each year, according to data from the Vacation Rental Management Association.
Contributing to this growth is the $170 billion global vacation rental industry, which consists of property owners renting out their space to short-term travelers throughout the year.
Two HBCU grads share why vacation rental properties are good investments
After reaching his breaking point, Carrington Carter, a then pharmaceutical marketing manager, decided to leave the industry to make money off of something he loved, travel. Carter partnered with his former college friend Calvin Butts Jr., and the two turned their passion into profit. The HBCU grads shared how they made traveling profitable through their venture Getaway Society and why other African Americans should consider vacation rental properties to be a solid investment.
Hampton University Grads Form Equity Firm to Propel Black Investments
Calvin L. Butts wasn’t planning to launch an equity firm when he began real estate investing more than a decade ago. Instead, he simply saw owning homes in various locations as a way to leverage his financial success in corporate America into extra income. “My savings was strong, and I’m thinking okay, how can I start investing?” Butts recalls. “So I started buying homes.”
Getaway Society powered by East Chop Capital provides vacation homes in paradise
Why Paradise and Tranquil Palace in Reunion Resort in Orlando should be on travelers’ vacation bucket list
After first meeting at a Hampton University alumni event in 2013, business partners Calvin L. Butts Jr. and Carrington M. Carter realized they both shared interests in entrepreneurship, real estate, investment and travel. They later combined those interests through their vacation rental property business, Getaway Society, and their private equity firm, East Chop Capital.
Carrington M Carter of East Chop Capital: ‘Diversity Across Executive Teams and Companies Results In Representation That is More Reflective of the World’
He is Co-founder & General Partner of East Chop Capital, a private equity firm with over $20 million in assets under management. East Chop Capital was born from the idea and necessity of working together — pooling the resources of many, to accomplish much more than individuals can on their own. Its first two real estate funds are focused on the $112 billion global vacation rental market. Future investments will support companies in real estate, technology, financial services, media, and sports.
East Chop Capital: Building Wealth and Community Through Luxury Vacation Rentals
The global vacation rental industry is expected to surge by 17% by 2030, reaching a value of over $112 billion. The demand for luxury rentals, which offer privacy, uniqueness, and luxury design, is especially on the rise among travelers.