Philip A. Payton Jr. (February 27, 1876 – August 1917) was an African-American real estate entrepreneur, known as the "Father of Harlem", due to his work renting properties in Harlem, New York City, to African Americans
On June 15, 1904, with the help of other affluent blacks, Payton chartered the Afro-American Realty Company, issuing 50,000 shares at $10 each. Payton's business partner was a mortician named James C. Thomas. Along with Thomas, Payton formed the Afro-American Real Estate Company. He appealed to black investors specifically, both to their social justice and profit motives, with an ad stating: "Today is the time to buy, if you want to be numbered among those of the race who are doing something toward trying to solve the so-called 'Race Problem.'" His prospectus claimed: "The very prejudice that has heretofore worked against us can be turned and used to our profit.
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