What is the Community Investment Trust or CIT?
Published on: November 11, 2024
The Community Investment Trust or CIT is our name for an investment product Mercy Corps designed with the community and experts in security law, commercial real estate and finance. The pilot CIT, East Portland CIT Corporation, is a single property investment available to approximately 300-500 investors who live within four zip codes (97216, 97233, 97230, 97236) close to the CIT property at 1427-1515 SE 122nd. The property, known as Plaza 122, is a commercial-retail office building of 29,000 square feet, of which 26,175 is leasable space for approximately 27 business and non-profit tenants at any given time.