Buwa Binitie is a real estate entrepreneur in the DC area. He is the founder of Dantes Partners, a real estate development company dedicated to building affordable homes in the District of Columbia. According to Shoppe Black, Dantes Partners has completed more than $ 840 million in real estate transactions since its inception.
Binitie tells Shoppe Black that he is a “product of the family”. By that, he means he comes from a family of successful entrepreneurs, and growing up he knew his career path was created for him. And he chose real estate because his family has always been involved in the sector.
Initially, Binitie did not want to follow the family sector by turning to real estate. He moved to the West Coast thinking he was going to be the next Mark Zuckerberg, but failed miserably. He finally found real estate and has never looked back since.
Although it is a family business, Binitie says he became more interested in real estate because of the value he could create from the buildings. While for many people real estate is all about brick and mortar, Binitie says for him it’s all about finance.
“For most people it’s about bricks and mortar, but for me it’s about finances. I just loved the way you can take an asset… for me it’s very tangible to take a run down building and you try to improve it and you create value for it, ”he says.
Binitie also says he was inspired by his father’s deep words about going into business. According to him, his father told him that if he wanted to go into business, he had to fall into one of the three categories that people consume: food, fashion and housing, hence his decision to go. venture into real estate.
The real estate entrepreneur says he has embarked on building affordable luxury homes based on his experience living in New York, San Francisco and DC. He says he realized very quickly that despite the fact that he made a lot of money working, he couldn’t afford to live in the city.
He says he had to commute for hours to get to work and it became very unsettling for him, especially when he graduated from college in New York City and had to move to Jersey City because it was the second best place for him to live.
“As a young man living in New York, I felt like I had a curfew because the railroad back then was not 24 hours and if I didn’t catch the last train , I’ll be stuck in the city which made me almost homeless, so I really hated that feeling, ”he says.
Binitie says that feeling had been with him for a very long time and when he finally got into real estate he realized that there were many others like him who were also struggling to find a Decent housing.
Binitie’s company was responsible for building the Hodge in DC’s Shaw neighborhood and the Delta towers in the H Street corridor. Despite its relative success, Binitie says the industry is still dominated by white people, and black real estate entrepreneurs struggle to win government contracts or even secure funding.
Binitie, in addition to leading the acquisition, development, management and financial activities of his company, regularly speaks at industry-focused events. His recent engagements include sessions with The Minority Resource, African American real estate professionals, Biz Now, DC Building Industry Association, and Georgetown University.
A former student of the Urban Land Institute’s Real Estate Apprenticeship Program, Binitie received a BS from New York University and an MA in Real Estate Development from Johns Hopkins University.