On April 19, 2019, we made our first commitment by agreeing toinvest One Million and Five Hundred Thousand Dollars ($1,500,000.00)with a NYC Black real estate developer.
Watch the above video to learn more about this real estate investment opportunity.
We are "Testing the Waters" by inviting Black and Hispanic people interested in receiving information on investing with Black and Hispanic real estate developers, to respond to this email with their contact information:
NOTE: Accredited Investors (1) earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years or (2) has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).
Send the above requested contact information to: email@example.com.
The developer will use the $1,500,000 (one million and five hundred thousand dollars) to develop a 12 unit multi-family apartment building, after demolishing an existing two family home, he recently acquired, near Yankee Stadium in the Bronx (was recently appraised at $675,000).
The market monthly rents run about $1,500 for one bedroom units and $1,800 for two bedroom units.
The developer has agreed to accept government housing vouchers that are granted to low income tenants (such as Section 8).
Once construction is completed, the building is expected to appraise for between $2.5 million dollars and $3 million dollars.
(Dated as of April 22, 2019)
Black and Hispanic Community (NY/NJ/CT):
$1 Billion Dollar Real Estate Empowerment Campaign
Tuesday, June 18, 2019
(Forum: 6:30pm to 8:00pm. Cocktail Party: 8:00pm to 9:30pm)
Black and Hispanic Real Estate Investment Forum
(Lower Manhattan Wall Street Location)
NOTE: Once advance sales have closed, 30 days prior to the forum, location will be announced via email to attendees.
IMPORTANT TICKET INFORMATION
Only 100 early bird tickets will be sold at $100
(before April 30, 2019 - selling out fast);
$250 per tickets (after May 1, 2019);
$350 per ticket (after June 1, 2019).
No Door Sales
No Refunds/Credit Only
Confirmed Panelists (additional panelists to be announced):
Thomas Lopez-Pierre, a NYS Licensed Real Estate Broker and Affordable Housing Activist with a coalition of Black and Hispanic real estate, legal and financial professionals, will launch a $1 BILLION DOLLAR economic empowerment campaign to increase Black and Hispanic ownership of multi-family housing in New York, New Jersey and Connecticut (over the next five years).
Today, Black and Hispanic people own less than 5% of the privately-own, multi-family housing in Harlem (as it is the case in most Black and Hispanic communities in New York, New Jersey and Connecticut).
Online directory of Black and Hispanic owned firms will list Black and Hispanic real estate related professionals: lawyers, real estate brokers, mortgage bankers, architects, appraisers, property managers, contractors, plumbers, electricians, etc. in New York, New Jersey and Connecticut.
The revolution will be televised. Thomas Lopez-Pierre will host The Lopez-Pierre Real Estate Report as a weekly panel discussion, featuring Black and Hispanic real estate, finance and legal professionals, focused on strategies that will help to build the economic empowerment of the Black and Hispanic community in New York, New Jersey and Connecticut.
Thomas Lopez-Pierre Protesting Against Public Housing Privatization.
Thomas Lopez-Pierre campaigning in the Bronx for Congressional Candidate: Alexandria Ocasio-Cortez.
Thomas Lopez-Pierre supports tenants against “Greedy Landlords” in Upper Manhattan.
Thomas Lopez-Pierre with his children
The Harlem Real Estate Fund, LLC (the "Fund") was founded in 2014 by Thomas Lopez-Pierre, a NYS Licensed Real Estate Broker and Affordable Housing Activist, as a boutique Black and Hispanic-owned private equity real estate fund.
The Fund does NOT promote any investment opportunities that involve the displacement of low-income and/or middle income tenants.
As a long-time Affordable Housing Activist, Thomas Lopez-Pierre strongly believes that by rooting the ownership of real estate in the Black and Hispanic community broadly in the hands of Black and Hispanic people, it helps to defend, Black and Hispanic tenants from being exploited and displaced.
The Fund provides Black and Hispanic investors with equity and debt investment opportunities focused on capital preservation and capital appreciation and comprised of mixed income affordable housing units that include government-backed rental housing voucher programs.
The Fund is committed to maximizing value and mitigating risk for its Black and Hispanic investors within an ethical framework (of tenants' rights).
The Fund has developed a pipeline of actionable opportunities, driven by its network of experienced Black and Hispanic operating partners to minimize risk and improve execution.
Black and Hispanic operating and investment partners assist in due diligence, contributing expert knowledge and execution expertise to the Fund’s investment strategy.
The Fund has considerable flexibility in how it structures its investments to accommodate the needs of its operating and investment partners.
Wealth inequality between White people and Black people (and to a lesser degree, Hispanic people) in the United States results from a inhuman history of structural racism (i.e.: slavery, Jim Crow, mass incarceration, redlining in real estate, etc.) dating to the beginning of the republic, over 400 years ago.
Black and Hispanic communities in New York, New Jersey and Connecticut have real economic, political and social problems that will require a comprehensive plan of action rooted in personal responsibility, unity of purpose, love of community and the practice of "Group Economics."
Thomas Lopez-Pierre at Tenants' Rights Rally.
Thomas Lopez-Pierre at Tenants' Rights Press Conference.
Thomas Lopez-Pierre at Tenants' Rights Rally.
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.