Young Hotel Owner Launches National Real Estate Investing Platform to Open Doors for Aspiring Commercial Owners

December 10, 2025

Young Hotel Owner Launches National Real Estate Investing Platform to Open Doors for Aspiring Commercial Owners

December 10, 2025

Young Hotel Owner Launches National Real Estate Investing Platform to Open Doors for Aspiring Commercial Owners

December 10, 2025

From Southern Childhood Dreams to Multi-Million Dollar Hotel Ownership


As a little Black girl growing up in the South,
Davonne Reaves could never have imagined owning hotels—let alone becoming one of the youngest African American women to co-own multiple hotel properties before turning 40.

That vision became reality in 2020 when Reaves and her former college roommate made history as the youngest African American women to co-own a property within a major hotel chain. She later acquired two additional hotels through the Indiana-based Nassau Investment Group—building a portfolio that now includes co-ownership of hotels and residential real estate totaling $30 million.

Yet, even as her success skyrocketed, she knew she didn’t want to be the only one climbing. “I knew I had to do my part.”

Reaves spent years in the hospitality industry and saw firsthand how commercial real estate—especially hotel ownership—was largely reserved for the wealthy, connected, and already experienced.

“It’s truly an amazing experience and opportunity, but for decades, it’s been out of reach,” says Reaves. “Tapping into this industry changed my financial future and transformed my life. I knew in my heart I had to do my part to help connect others to these types of lucrative investment opportunities.”

A Game-Changing “Ah-Ha Moment”

In 2021, a combination of industry changes and personal conviction led Reaves to create what she wished existed when she first started: a platform that allows people to invest even if they don’t begin with tens of thousands of dollars.

That idea became Vesterr—the first Black-owned, first woman-owned commercial real estate crowdfunding platform in the U.S. that includes hotels.

Introducing Vesterr: “Think GoFundMe for Commercial Real Estate.”

Vesterr allows both accredited AND non-accredited investors to invest in commercial real estate securities starting with as little as $5,000.

“Think GoFundMe, but for commercial real estate investing,” Reaves explains.

Through Vesterr, investors can browse opportunities in hotels, multi-family properties, retail spaces, and more—choosing deals that fit their financial goals, time horizon, and participation level (“hands-on” or “hands-off”).

Vesterr connects investors with owners, provides a Q&A feature for transparency, and supports campaigns with exposure and marketing tools.

Expanding Access—and Belonging


“This platform is really about creating opportunities for all,” says Reaves, “but I also want it to provide a space for people who have not traditionally felt welcome or included—women, people of color, young people. Gone are the days where you had to have tens of thousands of dollars just to get into the game.”

Reaves’ goal is simple: provide access, grow real estate portfolios, and build economic power through ownership.


Client Success: “We Met Our Goal.”


Investor and general partner Amina James recently helped fund a Holiday Inn in Lake Charles, Louisiana through Vesterr: “We met our fundraising goal and it was a successful raise!”James praised Vesterr for investor access, easy onboarding, multiple funding options, customer service, exposure and marketing. “I love that Vesterr is Black woman-owned too!” she added.


Economic Empowerment as a Movement


Whether someone is an experienced investor, a first-time owner, or a developer seeking capital, Vesterr makes commercial real estate financing more accessible and more inclusive than ever.


“Whether you're an owner or developer or an experienced investor,” Reaves says, “Vesterr can assist to make it attainable for you to get funding and add commercial real estate assets to your portfolio. You can have your part of the American dream!”


The Takeaways . . .

1. Ownership is economic power.
Commercial real estate can change income, legacy, and generational wealth.

2. Access determines who gets to participate.
By lowering entry barriers, Vesterr expands opportunity.

3. Technology unlocks equity.
Digital platforms allow ordinary people to join industries once reserved for the wealthy.

4. Representation matters.
Seeing a young Black woman build this platform expands imagination for what is possible.

5. Investing isn’t just for the elite anymore.
$5,000 can get you into a game that once required $50,000–$500,000. Davonne Reaves is not simply buying properties—she’s democratizing ownership. Vesterr reframes investing from something exclusive into something possible, practical, and powerful for everyday people—especially those historically excluded.

This is entrepreneurship with purpose. This is economic empowerment in motion. This is new-school wealth building.

Learn More or Interview Davonne

Email: Media@TheVonneGroup.com

Phone:
404-946-3317

About Vesterr:

Vesterr is an innovative investment platform providing access to commercial real estate securities—including hotels, multi-family properties, and retail—for both accredited and non-accredited investors.

More information: Vesterr.com

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By Kim Anthony December 13, 2025
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By Urban Enterprise Staff December 11, 2025
Real estate development has long served as a powerful pathway toward wealth creation, influence, and community transformation—but BIPOC developers have historically faced limited access, systemic barriers, and a lack of industry entry points. The Emerging Developers Program (EDP) is working to change that narrative. Created to open doors for BIPOC developers and homeowners, EDP offers unparalleled education, mentorship, and practical resources designed to help participants turn property into prosperity—for themselves and for their communities. This program is not simply a course. It is a blueprint for economic empowerment, a launchpad for new developers, and a movement ensuring that the future of housing development includes the people most impacted by inequity. A Program Built for Aspiring and Advancing BIPOC Developers The Emerging Developers Program supports participants at all stages of their real estate journey. Whether individuals are new to development or currently managing projects, EDP equips them with the tools, strategies, and confidence needed to build careers in infill and single-family housing development. The program delivers: Virtual learning through an interactive Zoom-based experience A 3-month comprehensive curriculum, covering foundational principles through advanced development strategies A supportive community, including industry mentors and resources tailored to Black-led development firms Registration for Cohort 8 is coming soon, offering another opportunity for emerging developers to accelerate their skills and deepen their impact. As many graduates affirm, the Emerging Developers Program is transformative—providing knowledge and insights that empower participants to take on development projects they once viewed as out of reach.
By Urban Enterprise Staff December 11, 2025
For California entrepreneurs seeking an edge in the state procurement marketplace, certification through the California Department of General Services (DGS) remains one of the most effective ways to increase visibility, access contracting opportunities, and compete more fairly for government contracts. DGS’s Office of Small Business and Disabled Veteran Business Enterprise Services (OSDS) oversees certification for both Small Business (SB) and Disabled Veteran Business Enterprise (DVBE) designations — and understanding how to apply or re-apply is essential for business growth. What the SB and DVBE Certifications Do The SB and DVBE certification programs are designed to promote and increase participation by small businesses — including veteran-owned firms — in state contracting. Certification can help businesses: Appear in the official California certified vendor directory used by state agencies and prime contractors Be considered for direct contracting opportunities through the SB/DVBE Option Participate in solicitations with bid preferences or incentive programs Expand access to state procurement markets worth billions annually Certification also supports broader policy goals: California law calls for specific participation targets — such as a 3% DVBE participation requirement on many state contracts — and agencies seek to maximize involvement from certified firms. Who Qualifies for SB and DVBE Certification Small Business (SB): To qualify as a certified small business in California, a firm must be independently owned and operated, meet state revenue size standards, and have its principal office in California. For most SB applications, average gross annual revenues over the previous three years must fall below the threshold defined for the business’s industry category. Disabled Veteran Business Enterprise (DVBE): DVBE certification is specifically for businesses owned by disabled veterans. To qualify, the business must meet several requirements: At least 51% owned by one or more disabled veterans Disabled veteran(s) must be actively managing and controlling the day-to-day operations and decision-making The veteran(s) must have a service-connected disability as verified by the U.S. Department of Veterans Affairs (typically at least 10% disability) The firm’s home office must be located in the U.S. and properly registered to do business in California For certain business structures such as LLCs, the entity may need to be wholly owned by qualifying disabled veterans These requirements, set out in DGS’s certification criteria, ensure that only legitimate disabled veteran-owned businesses receive DVBE certification and access to corresponding opportunities. How to Apply or Re-Apply 1. Register on Cal eProcure All certification applications are submitted through Cal eProcure — California’s online procurement portal. Businesses must first create or update their profile on the system before beginning the certification process. 2. Complete the Certification Application Once registered, log in to Cal eProcure and navigate to the Small Business/DVBE services section. Select the appropriate certification type — SB, DVBE, or both — and complete the questionnaire. Applicants need to provide documentation supporting ownership, structure, financials, veteran disability status, and control of the business. 3. Upload Required Documentation Required attachments typically include tax returns, ownership agreements, veteran disability verification (e.g., VA award letter), government-issued IDs, and other supporting evidence. Ensuring files are complete and clearly labeled reduces processing delays. 4. Submit and Monitor Status After submission, the Office of Small Business and DVBE Services reviews the application. Processing times vary but generally range from a few weeks to a couple of months depending on workload and completeness of the submission. 5. Renew on Time Certification is typically valid for two years and must be renewed before expiration. Re-application requirements mirror the initial application process, and businesses should begin renewal well before their current certifications lapse. Why Certification Still Matters For many California vendors, SB and DVBE certifications unlock opportunities that would be difficult to access otherwise. Certified firms are more likely to be considered for: State agency contracts and solicitations that prioritize or require certified vendors SB/DVBE Option contracts , where state agencies can award directly to certified firms Prime contractor subcontracting goals , particularly for DVBEs Educational and outreach events that connect vendors with buyers and procurement professionals Certification also supports compliance with state procurement goals — such as the minimum DVBE participation rate of 3% in many solicitations — meaning agencies and primes actively seek certified DVBEs as part of responsible bidding. Getting Support and More Information The DGS Office of Small Business and DVBE Services offers outreach, training, and assistance to help applicants successfully navigate the certification process. You can contact the office at (916) 375-4940 or via email at OSDSHelp@dgs.ca.gov for help with applications, renewals, or understanding program requirements. Whether you are applying for the first time or renewing your SB/DVBE certification, completing the process through Cal eProcure positions your business to compete more effectively in California’s public procurement landscape. Certification opens doors — and in an increasingly competitive market, having that verified status can make a decisive difference
By Kim Anthony December 13, 2025
Humble Lukanga’s Journey of Stewardship, Integrity, and Care
By Urban Enterprise Staff December 11, 2025
Real estate development has long served as a powerful pathway toward wealth creation, influence, and community transformation—but BIPOC developers have historically faced limited access, systemic barriers, and a lack of industry entry points. The Emerging Developers Program (EDP) is working to change that narrative. Created to open doors for BIPOC developers and homeowners, EDP offers unparalleled education, mentorship, and practical resources designed to help participants turn property into prosperity—for themselves and for their communities. This program is not simply a course. It is a blueprint for economic empowerment, a launchpad for new developers, and a movement ensuring that the future of housing development includes the people most impacted by inequity. A Program Built for Aspiring and Advancing BIPOC Developers The Emerging Developers Program supports participants at all stages of their real estate journey. Whether individuals are new to development or currently managing projects, EDP equips them with the tools, strategies, and confidence needed to build careers in infill and single-family housing development. The program delivers: Virtual learning through an interactive Zoom-based experience A 3-month comprehensive curriculum, covering foundational principles through advanced development strategies A supportive community, including industry mentors and resources tailored to Black-led development firms Registration for Cohort 8 is coming soon, offering another opportunity for emerging developers to accelerate their skills and deepen their impact. As many graduates affirm, the Emerging Developers Program is transformative—providing knowledge and insights that empower participants to take on development projects they once viewed as out of reach.
By Urban Enterprise Staff December 11, 2025
For California entrepreneurs seeking an edge in the state procurement marketplace, certification through the California Department of General Services (DGS) remains one of the most effective ways to increase visibility, access contracting opportunities, and compete more fairly for government contracts. DGS’s Office of Small Business and Disabled Veteran Business Enterprise Services (OSDS) oversees certification for both Small Business (SB) and Disabled Veteran Business Enterprise (DVBE) designations — and understanding how to apply or re-apply is essential for business growth. What the SB and DVBE Certifications Do The SB and DVBE certification programs are designed to promote and increase participation by small businesses — including veteran-owned firms — in state contracting. Certification can help businesses: Appear in the official California certified vendor directory used by state agencies and prime contractors Be considered for direct contracting opportunities through the SB/DVBE Option Participate in solicitations with bid preferences or incentive programs Expand access to state procurement markets worth billions annually Certification also supports broader policy goals: California law calls for specific participation targets — such as a 3% DVBE participation requirement on many state contracts — and agencies seek to maximize involvement from certified firms. Who Qualifies for SB and DVBE Certification Small Business (SB): To qualify as a certified small business in California, a firm must be independently owned and operated, meet state revenue size standards, and have its principal office in California. For most SB applications, average gross annual revenues over the previous three years must fall below the threshold defined for the business’s industry category. Disabled Veteran Business Enterprise (DVBE): DVBE certification is specifically for businesses owned by disabled veterans. To qualify, the business must meet several requirements: At least 51% owned by one or more disabled veterans Disabled veteran(s) must be actively managing and controlling the day-to-day operations and decision-making The veteran(s) must have a service-connected disability as verified by the U.S. Department of Veterans Affairs (typically at least 10% disability) The firm’s home office must be located in the U.S. and properly registered to do business in California For certain business structures such as LLCs, the entity may need to be wholly owned by qualifying disabled veterans These requirements, set out in DGS’s certification criteria, ensure that only legitimate disabled veteran-owned businesses receive DVBE certification and access to corresponding opportunities. How to Apply or Re-Apply 1. Register on Cal eProcure All certification applications are submitted through Cal eProcure — California’s online procurement portal. Businesses must first create or update their profile on the system before beginning the certification process. 2. Complete the Certification Application Once registered, log in to Cal eProcure and navigate to the Small Business/DVBE services section. Select the appropriate certification type — SB, DVBE, or both — and complete the questionnaire. Applicants need to provide documentation supporting ownership, structure, financials, veteran disability status, and control of the business. 3. Upload Required Documentation Required attachments typically include tax returns, ownership agreements, veteran disability verification (e.g., VA award letter), government-issued IDs, and other supporting evidence. Ensuring files are complete and clearly labeled reduces processing delays. 4. Submit and Monitor Status After submission, the Office of Small Business and DVBE Services reviews the application. Processing times vary but generally range from a few weeks to a couple of months depending on workload and completeness of the submission. 5. Renew on Time Certification is typically valid for two years and must be renewed before expiration. Re-application requirements mirror the initial application process, and businesses should begin renewal well before their current certifications lapse. Why Certification Still Matters For many California vendors, SB and DVBE certifications unlock opportunities that would be difficult to access otherwise. Certified firms are more likely to be considered for: State agency contracts and solicitations that prioritize or require certified vendors SB/DVBE Option contracts , where state agencies can award directly to certified firms Prime contractor subcontracting goals , particularly for DVBEs Educational and outreach events that connect vendors with buyers and procurement professionals Certification also supports compliance with state procurement goals — such as the minimum DVBE participation rate of 3% in many solicitations — meaning agencies and primes actively seek certified DVBEs as part of responsible bidding. Getting Support and More Information The DGS Office of Small Business and DVBE Services offers outreach, training, and assistance to help applicants successfully navigate the certification process. You can contact the office at (916) 375-4940 or via email at OSDSHelp@dgs.ca.gov for help with applications, renewals, or understanding program requirements. Whether you are applying for the first time or renewing your SB/DVBE certification, completing the process through Cal eProcure positions your business to compete more effectively in California’s public procurement landscape. Certification opens doors — and in an increasingly competitive market, having that verified status can make a decisive difference

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