Shift Capital, based in Philadelphia, PA, is a real estate impact group dedicated to revitalizing urban neighborhoods. Shift Capital deploys an inclusive and concentrated development model which seeks to minimize the negative impacts of gentrification, such as displacement, while positively impacting communities suffering from inter-generational poverty. The company’s mission is to provide the urban communities they invest in with employment and other measurable social and economic impacts by acquiring and improving the existing real estate stock and re-tenanting those assets with businesses and individuals that share their common vision. They work to minimize the displacement of communities, long-term residents and the creative community, through strategic exit strategies to increase property ownership and preserve long-term affordability.
One of their projects, MaKen Studios in Kensington, will provide rentalable space and resources to interdisciplinary artists, businesses, and manufacturers in Philadelphia. It involves the revival of two industrial buildings, which will help contribute to the area as a destination for cultural and economic opportunity.1