During this transitional stage of the real estate cycle, BLMREF Fund I, LLC (the "Fund") will focus on investments in Black and Hispanic communities that display favorable rental markets, employment, and population growth.
The Fund being better capitalized than many local buyers will be able to pass on to its Black and Hispanic joint-venture partners, the benefits of providing sellers with greater certainty of closing, in a shorter period-of-time.
The Fund's investment objectives are to invest in assets that will enable it to:
- generate attractive risk-adjusted returns through a combination of cash distributions, NOI growth, and capital appreciation over an expected five-year hold period;
- preserve, protect and return invested capital;
- create value for investors and the community through socially responsible investment management practices that include affordable housing (Section 8 Vouchers and Low-Income Housing Tax Credits) and create jobs for local Black and Hispanic residents.
The Fund will operate an online investment portal (white label) at blmref.com that will allow investors to become equity holders in real estate (including Qualified Opportunity Zone Funds/2017 Tax Cuts and Jobs Act) by viewing details of investments and signing legal documents online.
The Fund will REQUIRE its Black and Hispanic joint-venture partners to use its investment capital to hire Black and Hispanic: Lawyers, real estate brokers, mortgage bankers, architects, electricians, plumbers, and construction contractors, etc.
This year, to help Fund managers maximize returns and keep expenses low and still be able to visit with their joint-venture partners on a regular basis without incurring substantial traveling expenses (i.e.: airfare and hotel), the Fund will focus 75% of its investment activity within the states that run adjacent to Amtrack’s Railroad Northeast Corridor (Acela Route): Massachusetts, Connecticut, New York,New Jersey, Pennsylvania,Delaware, Maryland, Washington D.C.
The Fund has a pipeline of actionable opportunities, driven by its network of experienced Black and Hispanic joint-venture partners to minimize risk, improve execution, and increase profits.
The Fund’s Black and Hispanic joint-venture partners have intimate knowledge of local real estate market conditions, direct relationships with government officials, local banks, and access to best in class industry Black and Hispanic professionals; lawyers, real estate brokers, mortgage bankers, architects, electricians, plumbers, and construction contractors, etc.
While the Fund will invest with Black and Hispanic joint-venture partners in small to midsize residential and multi-family investment opportunities (new construction, gut renovations, and fix and flip), the Fund may invest in other asset classes, depending on the availability of suitable investment opportunities.
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.