- Donahue Peebles III has worked for his father’s real-estate firm, Peebles Corporation, since high school.
- He’s passionate about gentrification, telling Insider that lack of affordable housing is “a failure of American society.”
- Peebles talked to Insider about affordable housing, gentrification, and what he expects under a Biden presidency.
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In real estate, there are NIMBYs and YIMBYs, and Donahue Peebles III knows where he stands.
For decades, “NIMBY,” which stands for “not in my backyard,” referred to homeowners who oppose nearby development. The “YIMBY,” naturally, says yes to the same proposition. To hear Donahue Peebles III tell it, more development won’t just be good for his family’s company — he’s a real-estate development heir — but also a key to civil-rights progress in the Biden era.
“As developers, we have such an outsized effect on the world in which everyday folks live, far more than an options trader would or your Wall Street executive,” Peebles told Insider. “Everybody, every day, interfaces with real estate, multiple times a day.”
Peebles works at Peebles Corporation, which was founded by his father, Donald Peebles II, in 1983 and has grown into of the nation’s