Harlem Real Estate Fund, LLC (the "Fund"), founded in 2014 by Thomas Lopez-Pierre (Licensed Real Estate Broker/Lopez-Pierre Realty LLC) is a socially responsible Black and Hispanic-owned affordable rental housing, private equity real estate fund.
The formula for recycling community dollars has seemingly been mastered in every ethnic community except the Black community. According to a study by the University 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.
By rooting ownership of real estate broadly in the Black and Hispanic community, wealth stays put. And wealth that stays put creates more wealth (and jobs and political power), through the multiplier effect of money circulating within a community. And the ownership of real estate by the community helps to defend, said community from being exploited and displaced by outside economic interests (racial and religious groups).
Black and Hispanic socially responsible real estate investors are key to helping to reduce the social ills that keep so many Black and Hispanic families in NYC trapped within a never ending generational cycle of proverty, displacement and despair.
The Fund raises capital from Black and Hispanic investors.
The Fund is committed to helping Black and Hispanic people increase their wealth by participating in socially conscious investing via the ownership of residential affordable rental housing in Black and Hispanic communities in New York City.
The Fund offers real estate investment opportunities ONLYin government-backed affordable rental housing voucher programs (debt/equity) on a per-transaction basis focused on capital preservation.
The Fund does NOT promote any investment opportunities that involve the displacement of tenants.
The Fund emphasizes partnerships with experienced Black and Hispanic real estate operators 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.
Today, Black people[make up 40%] of the population in Harlem, down from 65% in less than 20 years but [own and control less than 5%] of the privately-owned, for-profit Harlem real estate.
Jewish people make up [less than 5%] of the population in Harlem.
At a ownership rate of more than 80% of the private multi-family (5 units or more) apartment buildings in Upper Manhattan, Jewish landlords are at the forefront of pushing out Black and Hispanic low income tenants in NYC (and the numbers are similar in other Black and Hispanic communities in NYC).
From 2000 to 2005: 32,500 Black people moved out (or got pushed out) of Harlem and some 22,800 White people moved into Harlem (NYC Census 2010).
Thomas Lopez-Pierre believes that most Jewish people in NYC are GOOD PEOPLE but are just unaware of the unethical and greedy business practices of Jewish landlords.
Harlem is NOT the only Black and Hispanic community where tenants are being harassed, exploited and displaced with high rents and or evictions.
The New York Times reported that Bedford–Stuyvesant in Brooklyn, the White population had soared 633 percent since 2000—”the biggest percentage increase of any major racial or ethnic group in any New York City neighborhood.” The black population dropped from 40,000 to 34,000 and the white population increased from 2,000 to 18,000 people.
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.