Opportunity Zones 101 – what is it and what are the benefits to the Black and Hispanic community?
- Tax Cuts and Jobs Act Opportunity Zones overview.
- What is a Qualified Opportunity Fund?
- How to become an Opportunity Zone Sponsor?
- Single Asset funds vs Blind Pool funds?
- Investing in Opportunity Zone Based Businesses.
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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 social impact real estate fund.
The Fund does NOT promote any investment opportunities that involve the displacement of low-income and/or middle income tenants.
The Fund offers affordable housing investment opportunities of mixed-income (low-income and middle-income), multi-family rental buildings (new construction and renovation) on a per-transaction basis focused on capital preservation and capital appreciation and comprised of housing units that accept government-backed rental housing voucher programs.
In 2018, the Fund began to identify real estate investment opportunities for its Black and Hispanic clients in distressed Black and Hispanic communities located within New York City that qualify under the U.S. Treasury "Opportunity Zone tax incentive" (2017 Tax Cuts and Jobs Act), where recycled capital gains can receive favorable tax treatment.
The Fund provides Black and Hispanic developers/owners of affordable housing with access to investment capital and Black and Hispanic investors with the opportunity to increase their wealth while helping to solve one of NYC’s biggest social problems: the lack of affordable housing.
The Fund is committed to:
(1) Maximizing value and mitigating risk for its Black and Hispanic investors within an ethical framework (of tenants' rights);
Thomas Lopez-Pierre on location at a Black-owned real estate development.
President Donald Trump signs order establishing "Opportunity Zones".
Opportunity Zones were conceived during President Barack Obama's administration and passed into law with bipartisan support as part of the Tax Cuts and Jobs Act of 2017. The program allows investors to diversify their investments and reinvest in America's future while taking advantage of three powerful tax incentive structures, including:
1 - Deferral of capital gains: US taxpaying individuals or corporations with any capital gain – from the sale of any asset (e.g., stocks, real estate, a business) – can defer taxation on an unlimited amount of realized gains until year-end 2026 if the gain is reinvested within 180 days in a Qualified Opportunity Fund.
2 - Reduction of capital gains: Capital gain liabilities associated with the sale proceeds are reduced by 15% if Opportunity Zone investments are held for at least seven years. Capital gains liabilities are reduced by 10% if held for longer than five years and less than seven years.
3 - Tax exemption/exclusion: Investors pay no capital gains tax on new gains generated by a Qualified Opportunity Fund if held for more than 10 years.
The Fund focuses on raising equity capital from Black and Hispanic investors.
The Fund is committed to helping Black and Hispanic families increase their wealth by participating in social impact investing via the ownership of affordable housing in Black and Hispanic communities in New York City.
Through the Fund’s extensive network and deep local relationships, the Fund identifies opportunities with potential to capitalize on underserved niches in an effort to generate superior risk-adjusted returns.
The Fund is deeply grateful to the real estate brokers, mortgage bankers, accountants, lawyers, property managers, church leaders, government officials and other deal intermediaries who bring to us private equity investment opportunities.
Thomas Lopez-Pierre via the Harlem Real Estate Fund, LLC demonstrates that profit and social responsibility are NOT mutually exclusiveand can enhance a company’s ability to raise investment capital and increase profitability while increasing the wealth of Black and Hispanic families and expanding the supply of affordable housing in New York City.
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.