The Harlem Real Estate Fund, LLC was founded in 2014 by Thomas Lopez-Pierre, a licensed real estate broker as a socially responsible private equity firm committed to achieving superior, risk-adjusted returns by raising capital (debt and equity) via crowdfunding to invest in Black-owned real estate partnerships in Harlem, New York.
"There can be no political power without economic power," says Thomas Lopez-Pierre: In the very near future, the Fund will establish a Black real estate political action committee to support candidates for political office.
The Fund's primary business objective is to:
1) accumulate a portfolio of high-quality real estate assets;
2) maximize the return on investment without engaging in predatory real estate practices, such as displacement and;
3) organize Black real estate owners to serve as a catalyst to strengthen the economic and political power of Black people in Harlem.
The Fund’s crowdfunding plan of action is rooted in group economics:
1) Black real estate owners seeking top dollar for their properties;
2) Black real estate buyers out bidding the general market and;
3) Strong financial support within the Black community to invest in real estate in Harlem.
Once the U.S. Securities and Exchange Commission (SEC) issues its rules (expected Fall 2014) on Crowdfunding/JOBS Act, the Fund will raise [ equity capital ] from Accredited Black Investors and [ debt capital ] from the general public via a grassroots online social media video networking campaign.
The Fund is a forward-thinking company but mindful of the past, immersed in the present, and focused on the future.In 2014, the Fund will raise$1,000,000 - ONE MILLION DOLLARS from accredited investors and by hosting Cocktail Parties To Honor Black Real Estate Owners ($1,000 per ticket).
To date, the Fund has sold 20 cocktail party non-tax deductable tickets at $1,000 each (generating $20,000 in ticket sale revenue).
The Fund's investment approach is based on fundamental real estate analysis. The Fund focuses on situations where the firm holds a competitive advantage, such as its support among Black real estate owners. The very nature of the Fund's business is long-term, with horizons measured in decades, not years. The Fund's active and entrepreneurial culture allows it to adapt as market cycles shift, keeping an eye towards new opportunities.
The Fund emphasizes partnerships with experienced local Black real estate owners and operators to minimize risk and improve execution. Operating and investment partners assist in due diligence, contributing expert knowledge and execution expertise to the Fund’s investment strategy. The Fund seeks to align interests with operating and investment partners through structures that optimize transaction outcomes.
The Fund utilizes a market neutral investment strategy, focusing on each potential acquisition’s story instead of basing an investment decision on general market mechanics. A key factor in the Fund's success will be its commitment to hold income producing property for the long-term and its proprietary network of local owners, developers, investors, lenders, brokers and contractors.
The Fund’s business strategy is based on "group economics" by Dr. Claud Anderson, President, Harvest Institue: a nationally recognized think tank (research, policy development, education and advocacy) committed to increasing the competitivesness of Black America.
Dr. Anderson is a respected author. Books include, "Black Labor, White Wealth: A Search for Power and Economic Justice" and "PowerNomics: The National Plan to Empower Black America", all have been best sellers, and are widely read throughout the United States and are used as textbooks in many universities and high schools.
Today, in Harlem, exists a-tale-of-two-cities.Black people in Harlem are at a critical fork-in-the-road in terms of surviving the destructive nature of gentrification with its corresponding decline of political power and widespread displacement, but therein lies the opportunity to rally Black people. To harness the potential urgency of this moment in time, Black people must work together in defense of their community by engaging in "group economics" by purchasing the real estate in Harlem.
Black people in Harlem have real economic, political and social problems that can NOT be fixed solely with government intervention but will require a comprehensive plan of action rooted in personal responsibility, unity of purpose, group economics and love of community.
Black people in Harlem must accept responsibility for their own economic, political and social salvation. The good news is that by working together, the Black community can set a new course that will drive economic, political and social outcomes that serve the best interests of the Black community in Harlem.
The Fund will demonstrate that profit and social responsibility are NOT mutually exclusive and can enhance a company’s profitability while at the same time helping to fighteconomic injustice in Harlem.
Harlem Restaurant Book
The best Black-owned restaurants, bars and cafes
Purchase Your Copy of the Harlem Restaurant Book
In Spring 2014, theHarlem Restaurant Book (listings of the best Black-owned restaurants, bars and cafes) will be published (10,000 copies) to support Black-owned businesses.
The formula for recycling community dollars has seemingly been mastered in every ethnic community except the Black community. According to a study by theUniversity of Georgia’s Selig Center for Economic Growth, money circulates 0-1 time in the Black community, whereas it circulates six times in the Hispanic community, nine times in the Asian community and an unlimited number of times in the White community.
Harlem Restaurant Book
CLOSED for Business, the Black List
288 Lenox Avenue Harlem, New York 10027
Hue-Man Bookstore 2319 Frederick Douglass Blvd Harlem, New York, 10027