RBC has announced a strategic investment in an Indigenous real estate fund managed by Seven Generations Capital, a private real estate investment firm affiliated with Hungerford Properties. This investment aims to address the housing gap and foster capacity development for Indigenous communities across Canada.
Commitment to Reconciliation
The funding from RBC reflects its reconciliation commitment to investing in Indigenous private capital funds. Tracy Antoine, National Advisor, RBC Origins, stated: "As we actively focus on advancing reconciliation, what drew us to Seven Generations is their emphasis on transparency and the strength of the relationships they're building—along with the shared conviction that a more inclusive economic future is possible."
Antoine added: "We're proud to champion a fund purpose-built to grow economic capacity for Indigenous communities, backed by a team that brings both deep market expertise and lived experience to this work."
Seven Generations Capital's Strategy
Seven Generations Capital is currently open to commitments throughout 2026 to build real estate developments through Indigenous collaboration. These developments aim to support economic development and capacity for Indigenous communities.
Michael Hungerford, Partner at Seven Generations Capital, commented: "Our experience in private real estate investment, development, and management has prepared us to execute this strategy with confidence and discipline. By combining our proven development platform with long-held values, we aim to deliver strong market rate returns while addressing critical housing, mixed-use and light industrial needs across Canada's major population centres."
Alignment of Values
The fund's investment strategy focuses on protecting capital, de-risking opportunities, and responsibly generating long-term wealth for stakeholders. Investments are designed to benefit from distinct jurisdictional and legal advantages, providing strong downside protection and outperformance.
Andrew Hungerford, Partner at Seven Generations Capital, said: "Impact in real estate development requires an alignment of values. In RBC, we have found a collaborator that shares our deep commitment to community equity, environmental sustainability, and intentional growth while aiming to deliver market returns. Their backing is not just an investment in our projects, but a powerful signal to corporate Canada that values-driven partnerships are both viable and vital to shaping the future of our communities."
RBC's Reconciliation Efforts
This initiative is part of RBC's reconciliation efforts outlined in its Reconciliation Action Plan (RAP), which includes a range of investments in Indigenous-led organizations. It reflects the bank's commitment to supporting Indigenous communities and inclusive economic growth.
