SAN DIEGO—Concepts like Bosa Development's World Housing program are becoming more popular among developers as first-world countries get behind the idea of a giving economy, the firm's director of sales and marketing Bemi Jauhal tells GlobeSt.com. The developer, in partnership with World Housing, recently announced its plans to gift an entire community of 64 homes to house more than 300 people currently living in metro Manila's slums. Every purchase of a home at Pacific Gate, the company's latest residential building in Downtown San Diego, will trigger a contribution to World Housing from Bosa. We spoke exclusively with Jauhal about this trend and how developers are getting on board the philanthropic bandwagon.
GlobeSt.com: Do partnerships like the one between your firm and World Housing represent an emerging trend in real estate?
Jauhal: We believe firmly in this cause and believe other real estate developers will too since it is a unique way to make a difference and a win-win for all. Bosa has a history of being first to market within the communities it develops, and its philanthropic approach is no different.
GlobeSt.com: How do you feel philanthropy has changed in the real estate community in recent years?
Jauhal: Bosa has always been committed to getting involved in each of the cities it develops communities in by addressing the issues that matter most to the residents. For example, we have contributed land and resources to the Monarch School's new Nat and Flora Bosa Campus, which allows enrollment up to 350 students affected by homelessness. We feel more developers are doing this as first world countries get behind the concept of a giving economy.
GlobeSt.com: Where do you see philanthropy heading in the future?
Jauhal: We hope, and believe, that it will continue on both a local and international scale as globalization and technology make the world a smaller place to conduct business, share ideas and do good.
GlobeSt.com: What else should our readers know about this partnership?
Jauhal: We have always placed strong emphasis on social responsibility and community contribution, so when we were approached by World Housing with this socially innovative partnership opportunity, we knew it would be a strong fit, and one the future purchasers of Pacific Gate would be proud to be a part of. Through World Housing, we hope to set a new norm in community building worldwide, both locally and internationally.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
