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.
