The Fund’s Black joint-venture partners have intimate knowledge of local real estate market conditions, direct relationships with government officials, and local banks, and access to best-in-class industry Black professionals; lawyers, real estate brokers, mortgage bankers, and architects, electricians, plumbers, and construction contractors, etc. The current commercial real estate markets in Black communities represent a unique investment opportunity. 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 COVID-19 pandemic has highlighted the persistent systemic economic inequities that have reduced wealth accumulation and intergenerational transfers for decades for Black families.
BREF Fund I, LLC believes that the problems of economic inequality in America could be more effectively resolved if talented Black commercial real estate developers had access to reliable equity capital sources to develop Black communities.