$75 MILLION DOLLARS TO invest in black and Hispanic communities in america!
fill out the below form to receive a copy of our private placement memorandum/PPM (i.e.: investment documents)!
To receive your copy of our investment documents (Private Placement Memorandum/PPM), please fill out the above form with the required information.
The Fund is seeking aggregate Capital Contributions from Accredited Investors of up to $25,000,000 ($25 million dollars).
The Fund is offering 5,000 Class A Interests at a price per Interest of One Thousand Dollars ($1,000).
The Fund is offering 2,000 Class B Interests at a price per Interest of Five Thousand Dollars ($5,000).
The Fund is offering 1,000 Class C Interests at a price per Interest of Ten Thousand Dollars ($10,000).
The Class A Investors shall receive a one-time return equal to five percent (5%) on their funded capital contributions.
The Class B Investors shall receive a one-time return equal to ten percent (10%) on their funded capital contributions.
The Class C Investors shall receive a one-time return equal to fifteen percent (15%) on their funded capital contributions.
first and second investments: Spring 2021
The Fund's first investment will be in a property (the “Bronx Property”) located at 3129 Fenton Avenue, Bronx, NY 10469.
The Bronx Property is currently a one-story, single-family residence with approximately 50x100 square feet of land area.
The Fund plans to invest $200,000 for a fifty percent (50%) equity interest in a demolition and ground-up construction development project.
The existing, one-floor structure will be torn down in order to build two new semi-attached homes with two apartments per building.
This is a total of four (4) single-family apartment dwellings, each with three (3) bedrooms and two (2) bathrooms per apartment.
Each townhouse is expected to sell for $750,000.
The Fund’s second investment will be in a property (the “Brockton Property”) located at 703 North Main Street, Brockton, MA 02301.
The Brockton Property is currently a three-family structure.
The Fund plans to invest $200,000 in Spring/Summer 2021.
The amount of equity is still under discussion.
Askari Foy and Larry Thomas, the developer's plan convert to 4-5 Condo Units for individual sale.
Each unit will be 2-3 bedrooms with 1-2 bathrooms. Estimated 1,000 Square Feet.
Each condo market value based on current comps is $225,000 to $250,000.
$75 MILLION DOLLARS TO BUILD WEALTH AND CREATE JOBS!
Black Lives Matter Real Estate Forum, LLC. is an advisory firm that specializes in launching economic empowerment campaigns that build wealth and create jobs for Black and Hispanic people in Black and Hispanic communities across America (including Puerto Rico and the U.S. Virgin Islands).
Washington Post: White families have nearly 10 times the net worth of Black families. And the gap is growing.
On January 5, 2021, the Forum established BLMREF Fund I, LLC (the "Fund") as a social impact private equity real estate fund to raise capital from accredited investors with an initial targeted goal of $25 million.
The Fund will invest in small-to-midsize multi-family property developments in Black and Hispanic communities that display favorable rental markets, employment, and population growth.
The Forum will NOT just launch private equity real estate funds BUT also advocate for economic policies that build wealth and create jobs for Black and Hispanic people.
The Forum will build a national advisory board of professionals and business owners (see Founding Advisory Board), host real estate panels, publish policy papers, meet with government officials and political candidates, and much more.
History reminds us that some of the best commercial real estate investment opportunities were created amid adverse conditions akin to what we are experiencing today.The Fund is a social impact private equity real estate fund that will invest between one hundred thousand dollars ($100,000) and one million dollars ($1,000,000) with Black and Hispanic commercial real estate developers (i.e.: joint-venture partners) per small-to-midsize residential and multi-family properties (new construction, gut renovations, and fix and flip).
The Fund will NOT invest in commercial real estate development opportunities that require the displacement of residential tenants.The Fund will raise millions of dollars by using three Securities and Exchange Commission (SEC) exemptions (Reg. D, Reg. CF or Reg. A+).
$1,000 is the minimum amount to invest in the Fund (all racial groups are encouraged to invest).
Real estate is one of the most reliable strategies to build multi-generational wealth; it’s an ongoing source of passive income.
Real estate provides the highest returns, the greatest values, and the least risk.
This summer, the Forum is poised to launch a second real estate fund, to raise an additional $50 million to invest in small-to-midsize multi-family property developments. This opportunity will be open to both accredited and unaccredited investors.
The current commercial real estate markets in Black and Hispanic communities represent a unique investment opportunity.
The COVID-19 pandemic has served to high light, the persistent systemic economic inequities that have reduced wealth accumulation and intergenerational transfers for decades for Black and Hispanic families.
The Forum believes that the problems of economic inequality in America could be more effectively resolved if talented Black and Hispanic commercial real estate developers had access to reliable sources of equity capital to develop Black and Hispanic communities.
Street protests are a great way to bring attention to economic, social, and political injustices but the Forum believes that building wealth and creating jobs are key to creating a more just society in America.
Black Lives Matter real estate forum, LLC is not associated with any other black lives matter organization!
This is not an offer to sell or a solicitation of any offer to buy any securities. Offers are made only by prospectus or other offering materials. To obtain further information, you must complete our investor questionnaire and meet the suitability standards required by law. Fair Housing Notice: The Black Lives Matter Real Estate Forum, LLC/BLMREF Fund I, LLC is committed to compliance with all federal, state, and local fair housing laws. The Black Lives Matter Real Estate Forum, LLC/BLMREF Fund I, LLC will not discriminate against any person because of race, color, religion, national origin, sex, familial status, disability, or any other specific classes protected by applicable laws with regard to rentals and/or sales of housing.