The 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 private equity real estate fund, committed to increasing the wealth of Black and Hispanic families via investments in the development and ownership of affordable housing in New York City.
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 New York City trapped within a never ending generational cycle of proverty, displacement and despair.
In 2018, the Fund began to identify real estate investment opportunities for its Black and Hispanic clients in distressed communities located within New York City that would qualify under the IRS Opportunity Zone tax incentive (2017 Tax Cuts and Jobs Act).
"Opportunity Zones retain their designation for 10 years. Investors may defer tax on almost any capital gain up to Dec. 31, 2026 by making an appropriate investment in a zone, making an election after December 21, 2017, and meeting other requirements" (source: Treasury Department/Internal Revenue Service).
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).
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 affordable housing in Black and Hispanic communities in New York City.
The Fund does NOT promote any investment opportunities that involve the displacement of tenants.
The Fund emphasizes partnerships with experienced Black and Hispanic affordable housing 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.
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.
Thomas Lopez-Pierre with his children
About Thomas Lopez-Pierre
Thomas Lopez-Pierre: is a 50 year old Christian man of Dominican, Puerto Rican and Haitian descent.
Thomas Lopez-Pierre was abandon at birth by his mother, born addicted to drugs, raised in foster care and group homes.
Thomas Lopez-Pierre and his ex-wife are raising eight (8) year old twin daughters and a twelve (13) year old son.
Thomas Lopez-Pierre attended John Jay College/CUNY.
Thomas Lopez-Pierre is a member of the Abyssinian Baptist Church in Harlem.
Thomas Lopez-Pierre lives on the Upper West Side section of Upper Manhattan.
Thomas Lopez-Pierre has for the last few years, served as the Chairperson of the Harlem Family Eviction Prevention Fund, Inc.
Thomas Lopez-Pierre is a self-employed, NYS Licensed Real Estate Broker with Lopez-Pierre Realty LLC.
Thomas Lopez-Pierre is a man of the people, fighting for economic and social justice by protecting tenants from being pushed out of their apartments by greedy landlords.
Thomas Lopez-Pierre on location at a Black-owned real estate development.
Dr. Claude Anderson, President/CEO of The Harvest Institute, speaking on the importance of practicing "Group Economics".
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.