Press Releases
Entrepreneur Magazine
Wednesday, January 01, 2003
The slowing economy and the attacks on the World Trade Center weren't enough to stop the partners of New York City based Horsford & Poteat Realty. "There's always going to be a need here in New York City for building more affordable housing," says Edward Poteat, who, along with sibling partners Robert and Alyah Horsford, build, develop, and manage affordable housing in New York City.
Poteat and Robert Horsford met their freshman year in college and decided they'd follow the path set by Horsford's grandfather, who'd been in real estate business in Harlem. So Robert studied civil engineering at Brown and Poteat studied economics at Yale, and when they graduated, they worked in the private sector to save money until they had the skills and finances to start their business in 1995. Alyah joined them with property management skills she'd picked up working for her grandfather and working at the Department of Housing Preservatin and Development for New York City. A few years of sweat equity later, the city is their main client, and sales for 2003 are expected to reach $3MM. The trio hope to expand their business throughout the Northeast.