
A mission-driven real estate and economic development firm dedicated to fostering community-led ownership, wealth-building, and equitable development.
Last Updated : Mar 27 2025
A mission-driven real estate and economic development firm dedicated to fostering community-led ownership, wealth-building, and equitable development.
East Freedman & Main (EFM) is a real estate and economic development firm committed to disrupting cycles of disinvestment and gentrification. By integrating community values into sustainable development strategies, EFM empowers historically marginalized communities to secure long-term economic sovereignty. Through strategic planning, mission-aligned capital deployment, and deep community engagement, EFM develops comprehensive neighborhood strategies that foster inclusive growth, prevent displacement, and enhance local wealth-building. Rooted in a deep understanding of systemic injustices, the firm ensures that all projects are socially, environmentally, and economically sustainable.
For decades, historically divested communities have faced systemic barriers to economic growth, including displacement due to speculative real estate markets, a lack of access to capital, and limited ownership opportunities. Gentrification often leads to the erasure of cultural identity and the displacement of long-term residents and businesses. Traditional development models prioritize investor returns over community well-being, exacerbating wealth inequality and preventing historically excluded populations from securing generational economic stability.
East Freedman & Main provides an alternative to the traditional development model by centering community ownership and wealth-building in every project. By integrating economic sovereignty into real estate development, EFM ensures that residents, businesses, and organizations maintain control over their neighborhoods. Through a combination of catalytic capital, technical assistance, and strategic planning, EFM equips communities with the tools needed to compete at scale, drive sustainable growth, and build long-term prosperity without displacement.
East Freedman & Main provides a full spectrum of real estate development, economic empowerment, and strategic advisory services designed to create lasting impact in historically disinvested communities. The firm works alongside local stakeholders to develop community ownership strategies that ensure long-term control of neighborhood assets, preventing displacement and fostering sustainable economic growth. Through its expertise in real estate development and advisory, EFM guides projects from concept to completion, offering owner representation, development management, and co-development partnerships that align with community values.
Beyond real estate, EFM actively cultivates thriving local economies by supporting small businesses, minority and women-owned enterprises (M/WBEs), and entrepreneurs through technical assistance, financial readiness programs, and access to capital. The firm also specializes in structuring mission-aligned investment funds, such as the AGENDA Fund, which enable communities to compete at scale for control over their own development. By integrating community-driven economic strategies with intentional investment, EFM builds resilient neighborhoods where residents and businesses not only remain but thrive.
EFM has demonstrated significant traction through successful large-scale projects, strategic partnerships, and financial milestones:
East Freedman & Main operates at the intersection of real estate development, impact investment, and community empowerment, using a multi-pronged approach to generate both financial and social returns. The firm provides expert advisory and consulting services to community organizations, municipalities, and mission-aligned investors, helping them navigate complex development projects with a focus on equitable ownership and long-term sustainability. As a development partner, EFM takes on owner representation and development management roles, ensuring that projects reflect the needs and priorities of the communities they serve.
Additionally, EFM structures and deploys impact-driven capital through vehicles like the AGENDA Fund, which facilitates community-led investments in real estate and economic development. Revenue is generated through a combination of consulting fees, development management contracts, and strategic investment partnerships. By leveraging fee-based services alongside at-risk investments and equity stakes in select projects, EFM sustains its mission while maintaining financial viability. This model enables the firm to scale its impact, ensuring that historically divested communities can secure their own economic futures.
East Freedman & Main operates in a rapidly evolving landscape where cities, policymakers, and investors are increasingly prioritizing equitable development and community ownership. Unlike traditional real estate developers that focus on financial returns, EFM integrates cultural preservation, local ownership, and economic sovereignty into every project, ensuring neighborhoods remain stable and self-sustaining. While competing with community development corporations (CDCs) and economic consulting firms, EFM’s ability to structure mission-aligned capital, guide large-scale development, and build wealth-building ecosystems sets it apart. As demand grows for impact-driven investment and anti-displacement strategies, EFM is positioned as a leading partner for municipalities, investors, and community organizations seeking sustainable, justice-driven economic transformation.
EFM envisions a future where historically marginalized communities have full control over their economic and real estate futures. By leveraging real estate as a tool for community empowerment, EFM aims to establish sustainable wealth-building ecosystems that ensure long-term prosperity. The firm’s strategy focuses on:
Investor users can see, where peer investors allow, when a diligence process is underway or completed. When this is the case, users may contact the organization who leads the diligence process directly, or specifically request access to the diligence process underway in the event that those leading may be keen to include prospective coinvestors or collaborators. This ‘request’ functionality is visible only to investors.
Third parties or other user types may be invited directly to a diligence process by a lead investor by clicking on the “Invite” button on the Diligence tab. Once they accept, these users will have access to the diligence process including a shared Q&A area, a document repository, and a diligence-specific chat area.
Closing diligence means that an appraisal process led by a prospective investor of an organization seeking debt, grant or equity has been terminated. This may or may not mean that a diligence has effectively been completed; an investor may close said process at any time without further notification of next steps. This effectively closes the Diligence ‘table’ that has been opened and managed by a lead prospective investor. This also closes the process for any other investors or invitees to the ‘diligence table’, regardless of where they have been in the process.
In order to customize templates, a Master Administrator can go to the Diligence menu item on the left hand menu of the dashboard, and select ‘templates’. From there, one can either select an existing template from the dropdown under “Select template” or create a new one by clicking on the green “Create” button. All sub-questions in any template may be edited or deleted at any time.
One does not have to use system templates if they are not helpful, applicable, or practical for user purposes. Simply upload whatever documents you’d like to ‘hold’ on the system and use the messaging tab to communicate with those at the virtual diligence table.
Anyone who is invited into the diligence deal room for prospective co-investment alongside your own would be able to see the substance and structure of the templates you have constructed and applied to the diligence Q&A process on the Q&A tab. If you have not applied one of your templates, then others at the deal table will not be able to see it.
It is also worth noting that other team members that you have specified as part of your organization’s team will also be able to see the diligence templates that you have customized, if any.
The platform is designed to be as flexible as possible in terms of process. As soon as an investor initiates diligence by clicking on the “Start diligence” button, it is possible from that point onwards at any moment to signal an investment commitment of any kind by clicking on the “Make investment” button at the top right of the Diligence tab. Investments can take the following forms: equity, debt, flexible, grant, equity/debt, equity/grant, convertible or blended - and the investor will be prompted to enter an indicative amount. It’s important to note that this is for signalling purposes only, and is a non-binding commitment.
Any figure entered here will be signaled as committed on the deal profile, and those inside the diligence deal room with the investor will see that he/she has signaled such a commitment; at the same time, a notification will be sent to the prospective recipient organization being reviewed. All binding legal commitments and money transfers happen offline and on the back of completion of proper documentation, for which the platform takes no responsibility. Investors contacts connected to you will not see that you have made this commitment.
Once Diligence has been initiated by an investor, one can click on the Diligence tab under Opportunity and immediately expand the virtual ‘deal table’ by clicking on “Invite organization”. One can search for different types of organization or by name, and will be required to consent to specific ‘terms of service’ related to sharing knowledge about an opportunity.
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