TREC Shark Tank: GrowSouth
In 2017, The Real estate Council Community Fund hosted its first-ever TREC Shark Tank: GrowSouth event to encourage economic development in Southern Dallas, primarily within the City of Dallas’s GrowSouth footprint. After months of refining their real estate project proposals, three finalist developer teams pitched to a panel of five seasoned commercial real estate investors who served as sharks. Under the bright lights at Gilley’s Dallas and in front of a live audience, each team received funding totaling more than $2.1 million, and Southern Dallas stands to gain so much more.
THERE WILL BE NO GUARANTEE OF INVESTMENT THROUGH THIS COMPETITION. RATHER, THE COMPETITION IS DESIGNED TO SERVE AS A FORUM TO ENCOURAGE DEVELOPMENT IDEAS, PROVIDE TECHNICAL ASSISTANCE AND PROMOTE ECONOMIC DEVELOPMENT IN THE GROWSOUTH FOOTPRINT. THE INVESTORS SHALL NOT BE BOUND TO ACCEPT ANY PROJECT AND RESERVE THE RIGHT TO REJECT ANY AND ALL PROJECTS WITHOUT STATING A REASON WHATSOEVER.