Tulsa Real Estate Fund is a crowdfunding platform that aims to revitalize urban communities and stop gentrification. It is the first African American-owned platform of its kind and is designed to democratize real estate as an asset class, provide a leading source of capital for minority real estate developers, and increase affordable housing stock.
The fund acquires various real estate-related assets, including single-family, multi-family, and commercial properties in urban neighborhoods across the United States. It leverages crowdfunding to raise capital for these projects, allowing both accredited and non-accredited investors to collectively own and invest in unique, diversified real estate ventures.
The fund was launched on June 1, 2018, and within the first few weeks, it raised over $6 million and gained over 9,000 partners. It offers a minimum investment of $500 and provides investors with the opportunity to own an equity stake in redevelopment projects.
Characteristics | Values |
---|---|
Type of fund | The first African American-owned crowdfunding platform revitalizing the urban community |
Investment type | Real estate |
Investment focus | Urban redevelopment, primarily in the United States |
Investment minimum | $500 |
Maximum investment | $50,000,000 |
Investor type | Both accredited and non-accredited investors |
Ownership | Investors will have an equity interest in every project they invest in |
Returns | 8% preferred return before the fund makes any money |
Risk | Yes, there is a risk associated with this investment |
What You'll Learn
Tulsa Real Estate Fund's mission
Tulsa Real Estate Fund (TREF) is a crowdfunding platform that aims to revitalize urban communities and combat systemic economic oppression. TREF is the first African American-owned platform of its kind and is 100% Black-owned and -operated, although it welcomes investors of all ethnicities and nationalities.
TREF's mission is to democratize real estate as an asset class and create diversity in the real estate industry by providing minority equity participation in gentrification renewal projects. The fund seeks to be a leading source of capital for minority real estate developers and increase affordable housing stock.
TREF's impact fund is designed to achieve several key objectives:
- Democratize real estate as an asset class
- Be a leading source of capital for minority real estate developers
- Create diversity in the real estate industry
- Provide minority equity participation in gentrification renewal projects
- Increase affordable housing stock
TREF's grassroots approach gives it a unique edge in the marketplace, and its team has a combined experience of over 100 years in finance and real estate development. The fund's mission is to restore and empower communities by providing opportunities for economic growth and social impact.
Vanguard Funds: Best Investment Options for Your Portfolio
You may want to see also
How to become a member
The Tulsa Real Estate Fund is a crowdfunding platform that allows members of the community, institutions, and advocacy groups to own an equity stake in redevelopment projects. The fund is open to all ethnicities and nationalities, and investors can join at any time after its launch on 1st June 2018.
To become a member, you must create a free investment account on the Tulsa Real Estate Fund website. You will need to fill out all the required information, including identifying information and your accreditation status.
The minimum investment requirement is $500. However, you can start funding your investment account with as little as $50. Your funds will not be invested and you will not become a member until your individual account balance reaches a minimum of $500.
There are no commissions paid for the sale of interests by the company. Purchasers of interests will become Class A Members in the company.
Please note that there are risks associated with investing in the Tulsa Real Estate Fund. It is important to carefully review the risk factors outlined in the company's offering circular before making any investment decisions.
Capital Protection Funds: Secure Your Investments
You may want to see also
Investment opportunities
The Tulsa Real Estate Fund (TREF) is a crowdfunding platform that revitalises urban communities by investing in real estate projects. TREF is the first African American-owned platform of its kind, and it is open to all ethnicities and nationalities.
TREF's mission is to democratise real estate as an asset class, create diversity in the real estate industry, and provide minority equity participation in gentrification renewal projects. The fund seeks to increase affordable housing stock and repair the socioeconomic fabric of communities.
TREF offers both accredited and non-accredited investors the opportunity to collectively own real estate projects that are unique, diversified, and yield a reasonable rate of return. The fund accepts investments of up to $50 million and requires a minimum investment of $500.
TREF's investment strategy focuses on single-family, multi-family, and commercial properties in urban neighbourhoods across the United States. The fund intends to purchase properties that are cash flow positive and have the potential for capital appreciation.
TREF's investment criteria include reviewing the total gross rent, income, and expenses of a property to determine its cash flow potential. The fund also considers the local real estate market, tenant creditworthiness, and broader economic conditions.
TREF's impact-driven approach to real estate investing offers investors the opportunity to generate cash flow, benefit from property appreciation, and positively impact communities.
First-Time Funds: Why You Should Invest Now
You may want to see also
Tulsa Real Estate Fund's history
The Tulsa Real Estate Fund (TREF) was founded on 20 July 2016 and is the first Black-owned crowdfunding platform for real estate investment. The fund was created to empower communities of colour to reinvest in their own communities and prevent gentrification and displacement of residents.
On 1 June 2018, TREF launched its first crowdfunded real estate investment fund. Within the first few weeks, over $6 million was raised and 9,000 partners joined the TREF community, many of whom were first-time, non-accredited investors.
TREF is an impact fund with the following goals:
- Democratize Real Estate as an asset class
- Be a leading source of capital for minority Real Estate Developers
- Create diversity in the Real Estate Industry
- Provide minority equity participation in gentrification renewal projects
- Increase Affordable Housing stock
Short-Term Bond Funds: A Safe Investment Haven
You may want to see also
Tulsa Real Estate Fund's team
The Tulsa Real Estate Fund is the first African American-owned crowdfunding platform for revitalizing urban communities. The fund's team includes a range of professionals with diverse skill sets and backgrounds.
The Chief Executive Officer and Chief Financial Officer of Tulsa Real Estate Fund is Mr. Morrison, a successful real estate developer, celebrity realtor, author, TV personality, entrepreneur, and social activist. Mr. Morrison is also the CEO and founder of the Jay Morrison Brand, which includes a real estate consulting firm and an online real estate investor's school and mentorship program.
The team also includes Mason Mallory, the founder and managing member, who holds a Masters in Business Administration from Harvard Business School and a Masters in International Affairs from Columbia's School of International and Public Affairs. Mallory is a licensed CPA and CFA charter holder, with significant experience in auditing, consulting, and performing due diligence on investment management companies.
Johnetta G. Paye, Esq., is a transactional attorney who provides legal services to a range of clients in the real estate industry, including investors, developers, and agencies. She is an attorney title agent for several national title companies and represents international real estate investors.
The Head of Business Development, Mershard, is a businessman with experience in real estate, financial services, and IT. He spent much of his career as a Client Executive at Oracle, Verizon, and Hewlett Packard before co-founding the fund.
The Director of Finance and Administration, Tai Bruton, is an expert in HR and small business payroll and benefits administration. She is an alum of Morgan State University and owns a staffing company that helps small businesses find talent.
The Chief Communications Officer, Ernestine Johnson, is a successful businesswoman and national brand as an actress and poet. She oversees the communications and creative direction for many A-list athletes and entertainers. Johnson is also a spoken word artist, known for her original piece "Average Black Girl," which has over 40 million views online.
The VP of Business Development, Tosin Oduwole, has a background in deal evaluation, asset management, and product development. With experience in Europe and Africa, Oduwole has a strong understanding of international business.
Finally, the Directory of Technology, Jacoby A. M. DuBose, is a software developer who has led projects for the US Army, Navy, and Air Force, among others. He teaches Computer Science and Physics at the Governor's School for Science and Technology. DuBose runs a creative firm that builds mobile apps and creates digital content.
Mutual Funds in Your 20s: A Guide to Getting Started
You may want to see also
Frequently asked questions
The Tulsa Real Estate Fund launched on June 1st, 2018, and accepts investments from the general public. You can create a free investment account on their website, where the minimum investment is $500.
The Tulsa Real Estate Fund is the first African American-owned crowdfunding platform for redeveloping urban communities. It is a Regulation A+ Tier 2 real estate crowdfund that allows members of the community, institutions, and advocacy groups to own an equity stake in redevelopment projects.
As with any investment, there are risks involved. The fund does not currently own any assets and has not generated any revenue since its inception. Investments in real estate and real estate-related assets are speculative, and the fund will be highly dependent on the performance of the real estate market.