Robert Shumake is the CEO of Inheritance Capital Group, a private equity real estate investment and development firm. ICG manages nearly 3 million sq. ft. and a $200 Million dollar portfolio.
Get to know Robert Shumake
Mr. Robert S. Shumake is the Chief Executive Officer of Inheritance Capital Group (ICG); a Michigan based private equity real estate investment and development firm. ICG manages nearly 3 million square feet and $200 million dollar real estate portfolio. Mr. Shumake invests, manages and develops commercial and residential real estate. Mr. Shumake has implemented policies and funding strategies to raise capital for small businesses, mortgage loans, commercial leasing and specialized financing. Mr. Shumake has over fifteen years of experience in his field. As founder of First Equity Holdings (1996) he managed and sold 85% of the Department of Housing and Urban Development (HUD) inventory in the state of Michigan with sales of approximately 80 million dollars. In addition, Mr. Shumake has developed, sold, or financed well over 100 million dollars in real estate. Based on the success of First Equity Holdings, Mr. Shumake received a White House appointment to the Board of Directors for the Federal Home Loan Bank Board, the second largest bank in America with 700 billion in assets. As a director, Mr. Shumake presided over the Affordable Housing Committees in Michigan and Indiana. Mr. Shumake has received two Michigan gubernator appointments, as a member of the Board of Real Estate Brokers and Salespersons with responsibilities to regulate and license real estate professionals and the Council of Health and Fitness.
As a supporter of cultural arts, Mr. Shumake is a member of the Charles H. Wright Museum of African American History, located in Detroit, MI. Mr. Shumake also serves on the board of the Detroit Music Hall and served on the board of directors for the Lewis College of Business. Mr. Shumake is an active culturist, specializing in political and educational fundraising strategies. He has received the National Urban League Rising Star Award presented to individuals who have achieved significant business success. He has also served on national finance committees for not-for-profit companies and political candidates. Mr. Shumake is a philanthropic leader who through the Robert Shumake Scholarship Relays has hosted the largest private track and field meet in Michigan showcasing the academic and athletic abilities of over 5,000 youth while providing over $20,000 in scholarships since its inception in 2005.
Mr. Shumake has written For Entrepreneurs Who Considered Suicide When Business Got Tough! for individuals looking to achieve their entrepreneurial and financial dreams. The book is a guide packed with quotes, helpful advice, interactive pages to record personal and professional goals based on Mr. Shumake's experiences as an entrepreneur and wealth builder.
In addition to being an author, Mr. Shumake co-hosts a national radio show with Rev. Al Sharpton, 40/40 Power Hour: 40 Acres not 40 ounces", as well as local radio and television programs in the Detroit area. His radio show, "Necessary Business with Robert Shumake" airs weekly on WCHB-AM. "Take the Land" is a simulcast program that airs weekly. "Take the Land" can be seen on TV 68, TV 33 and heard on WHPR 88.1 FM in Detroit, Michigan.
Robert Shumake's Blog Posts
Inheritance Capital Group, LLC, (ICG) founded in 2006, is a private equity commercial real estate fund based in Southfield, Michigan. The fund is managed by ICG Real Estate Advisors, LLC, the only minority owned enterprise in the country certified by the Minority Business Development Council (MBDC) to buy and sell corporate sale lease backs.
Our team is comprised of highly experienced real estate professionals proficient in the financing, acquisition and management of single tenant net lease real estate nationwide. Inheritance's goal is to provide timely and reliable solutions to:
•Ø Companies seeking to monetize single-tenant income real estate
•Ø Developers of single-tenant income properties for value added joint ventures
•Ø Sellers of existing single-tenant income real estate
•Ø The advisors and brokerage communities that service such entities
Provided below is a snapshot of our existing pipeline and asset holdings since our inception.
•· Inheritance Capital Group, LLC •o 5 properties •o Tenants include UPS, Lufthansa, Eagle Ottawa, Reichhold and Lockheed Martin •o Total square feet - 702,096 •o Assets under management - $83.44 million •· Combined Portfolios •o 10 properties •o Total square footage - 2,675,427 •o Total assets under management - $197 million •· ICG Leaseback Fund I, LLC •o 5 General Motors Service Parts Operations Facilities •o Properties located in Bolingbrook, IL, Reno, NV, Aurora, CO, Rancho Cucamonga, CA, Charlotte, NC •o Total square feet - 1,973,331 •o Assets under management - $113.6 million