Urban Real Estate Fund, LLC

Overview

Urban Real Estate Fund, LLC is a private equity real estate fund dedicated to investing in Black communities across the United States. The fund focuses on providing capital to Black real estate entrepreneurs, aiming to build wealth and create jobs within these communities. It operates primarily in the Northeastern United States, including Connecticut, Delaware, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, and Washington, D.C. The fund's investment strategy involves partnering with Black real estate entrepreneurs to develop and preserve housing, particularly affordable housing, thereby addressing historical and systemic barriers to capital access in Black communities. The fund's investment approach includes providing equity capital to Black real estate entrepreneurs, with a focus on projects that offer a 50% annual rate of return. Additionally, the fund has established the Social Impact Real Estate Debt Fund, LLC, which raises debt capital to support its equity investments. This structure allows the fund to offer attractive returns to debt investors while supporting its mission of economic empowerment in Black communities. The fund's commitment to social impact is evident in its requirement for Black real estate entrepreneurs to employ Black workers, including electricians, plumbers, and construction contractors, as part of its strategy to reduce crime rates and incarceration among Black individuals by providing employment opportunities within Black communities. Urban Real Estate Fund, LLC has a track record of successful investments, such as the 2024 investment of $100,000 in Tony Payton, Jr.'s project at 319 Friends Street in Camden, NJ. This investment is projected to yield a 50% annual rate of return, with plans for a 30-unit student housing development adjacent to Rutgers University. The fund's philosophy centers on addressing market imperfections rooted in economic racism by providing much-needed investment capital to Black real estate entrepreneurs. Its long-term goal is to expand investments into Black communities across the U.S., including Puerto Rico and the U.S. Virgin Islands, thereby making a meaningful social impact by investing with Black real estate entrepreneurs to build wealth and create jobs in Black communities.

Investment Focus

• Accredited investors

Portfolio Companies