Thomas Lopez-Pierre, President and CEO of the Black Lives Matter Real Estate Forum, LLC, has launched a social impact private equity real estate fund called BLMREF Fund I, LLC and has already begun raising funds from accredited investors with an initial targeted goal of $25 million."I have been a securities lawyer for 25 years and preparing the legal documents for this venture was especially fulfilling. I look forward to my new role as Co-Chairperson of the Founding Advisory Board of The Black Lives Matter Real Estate Forum, LLC," said Clem Turner, Former Partner - Alternative Capital Practice Group Leader, Chiesa Shahinian & Giantomasi PC.
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 across America (including Puerto Rico and the U.S. Virgin Islands). The Fund has a pipeline of actionable opportunities, driven by its network of experienced Black and Hispanic real estate joint-venture partners that will minimize risk, improve execution, and increase profits.
“I am honored to have been selected to receive investment capital from BLMREF Fund I, LLC. I believe in its mission to provide real estate developers like myself with the investment capital needed to build wealth and create jobs in our communities,” said Askari Foy, MBA, CPA, Co-Founder of Venture Alliance Real Estate Enterprise, LLC, and former Senior Officer - National Director - Office of Compliance Inspections and Examinations at the U.S. Securities and Exchange Commission (SEC).
BLMREF Fund I, LLC will NOT invest in commercial real estate development opportunities that require the displacement of residential tenants. The Fund, however, will build wealth and create jobs for Black and Hispanic people by raising millions to invest between $100,000 and $1 million with multiple Black and Hispanic real estate developers (i.e.: joint-venture partners) to develop small-to-midsize multi-family property developments in Black and Hispanic communities across the United States.
$1,000 is the minimum amount to invest in the Fund (all racial groups are encouraged to invest.).
“I am excited to invest in the upcoming offering of BLMREF Fund I, LLC because of its focus on building wealth and creating jobs,” said Dennis W. Greene, former Federal Investigator - Compliance at the U.S. Department of Housing and Urban Development (HUD).
The Forum will build a national membership of Black and Hispanic professionals, host real estate panels, publish policy papers, meet with government officials, and much more. It recently appointed 50 Founding Advisory Board members of Black and Hispanic Real Estate Professionals/Construction Contractors, Lawyers, Medical Doctors, Certified Public Accountants/CPA's, Investment Bankers, and other professionals.
The Forum will not only launch social impact private equity real estate funds to finance multi-family housing, but it will also advocate for economic policies that build wealth and create jobs for Black and Hispanic people.
“I support the mission of BLMREF Fund I, LLC. to build wealth and create jobs and I am honored to provide my 17 years of legal expertise as a real estate lawyer as a Co-Chairperson of the Founding Advisory Board of The Black Lives Matter Real Estate Forum, LLC," said Derek Warner, Esq., Law Offices of Derek Warner, Esq.
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. “‘Black Lives Matter’ is more than a catchy slogan about police brutality for me. My twin brother was killed by an NYPD Officer at 28 years old, so, unfortunately, I understand all too well the pain of having a family member killed by the police,” said Thomas Lopez-Pierre, President/CEO of Black Lives Matter Real Estate Forum, LLC, Fund Manager of BLMREF Fund I, LLC and a New York State Licensed Real Estate Broker.
To learn more about the Black Lives Matter Real Estate Forum, LLC or BLMREF Fund I, LLC, visit BLMRef.com
DISCLAIMER: 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 their investor questionnaire and meet the suitability standards required by law.
For press inquiries, contact Matthew Scott at 646-325-3263 or media@blmref.com