Investment Objectives
During this transitional stage of the real estate cycle, BREF Fund I, LLC (the "Fund") will focus on investments in Black communities that display favorable rental markets, employment, and population growth.
The Fund is a social impact private equity real estate fund that will invest up to one hundred thousand dollars ($100,000) with Black 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 being better capitalized than many local buyers will be able to pass on to its Black 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 residents.
The Fund will operate an online investment portal (white label) at blmref.com that will allow investors to become equity and debt 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 joint-venture partners to use its investment capital to hire Black: Lawyers, real estate brokers, mortgage bankers, architects, electricians, plumbers, construction contractors, etc.
To help maximize returns and keep expenses low and still be able to visit with their joint-venture partners regularly 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 joint-venture partners to minimize risk, improve execution, and increase profits.
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.
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.
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 Real Estate Forum, LLC and BREF Fund I, LLC is committed to compliance with all federal, state, and local fair housing laws. The Black Real Estate Forum, LLC and BREF 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.