It is about power. Race is just a means. Power is the end.
The capitalist system is weaker at the moment due to the virus shutdowns. Those who want to overthrow the system sensed an opportunity. The 1960s were more tumultuous than today.
The destruction of private property can be viewed symbolically. Private property is the foundation of liberty, a sine qua non. So, if they succeed, we have seen this movie before.