“Crisis doesn't change people; it reveals them.”--Eric Walters
Carlyle Group co-founder David Rubenstein has a family office. Declaration Partners is one vehicle for his personal investments. Last year Declaration invested in two apartment complexes in the Washington, D.C. area. In addition it made a minority equity investment in Peaceable Street Capital in October 2019.
Peaceable Street Capital, a specialty finance company that provides preferred equity capital for small and mid-sized income-producing real estate in North America. Peaceable Street has provided financing for more than $775 million in real estate across various income-producing property types including multi-family, self-storage, retail, and RV park sectors in the United States and Canada.Rubenstein's Carlyle Group has a history of evicting the poor. The Duke Chronicle published an editorial in April 2019. Its title and final sentence are below.
David Rubenstein’s private equity firm is pushing poor people out of their homes
I want this archived—to contribute to a paper trail cataloguing the shameful and irredeemable evil of David Rubenstein’s financial investments.How will Declaration Partners treat those suddenly unable to pay their rent?
Update 3-30-20: Carlyle operating executive Admiral James Stavridus spoke about character and leadership to The Diplomat.
Update 4-11-20: The Kennedy Center, under David Rubenstein and Deborah Rutter, has made its worst publicity mistake ever. After receiving $25 million in the stimulus package to keep the place going, this pair dismissed the National Symphony Orchestra with one week’s notice.
Update 7-24-20: The eviction moratorium expires today leaving millions of renters at risk for eviction. Andy Serwer asked David Rubenstein if he would use any of his giving to help the down and out. Serwer avoided a more direct question as to how Rubenstein's family office will treat its struggling renters.
Update 8-16-20: So far there is no public data on evictions at Montgomery White Oak Apartments or Vista at White Oak Apartments. Both are in Silver Spring, Maryland.
