BLACK WALL STREET FUND
BluPhoenix Advisors' Black Wall Street Fund is specifically designed to invest in attractive commercial real estate and qualified businesses projects located within Qualified Opportunity Zones.
$250M
EQUITY OFFERING
$100K
MINIMUM INVESTMENT CLASS A
$1M
MINIMUM INVESTMENT CLASS B
POTENTIAL INVESTOR BENEFITS
Tax Deferral
By investing in an opportunity zone fund, you may be able to defer the taxes due on your initial gain until 12/31/2026, while earning an investment return on your deferred tax along the way.
Step-up in Basis
Investors may exclude up to 15% of the original gain from taxation, assuming they hold the investment through 12/31/2026.
Avoidance of Taxation
Pay no tax on growth in the value of your investment for your entire holding period, assuming a minimum of a 10-year hold.
FUND INVESTMENT ASSETS
Canton Residential
Prime Waterview Residential Development Site approved for up to 350-500 units. Enhancing this unique opportunity is the site’s unobscured Waterview location, less than one block off the water in the highly desirable Canton neighborhood. The subject site consists of three contiguous parcels and surrounding roadbeds totaling 2.7837± acres and is approved for the development of up to 350 residential units with a possibility to have a density restored back up to 500 residential units, as part of a larger planned unit development (PUD) that has forever changed the landscape of Baltimore’s waterfront.
The Last Hotel
The Last Hotel is steeped in history and architectural richness, Our downtown St. Louis boutique hotel embodies the preservation, restoration and reinvention of the International Shoe Company. Originally opened in 1909, the iconic building boasts elaborate stone carvings, ornate metalwork and terrazzo floors all in the Neoclassical and Art Deco styles. By forging a marriage of historic details and modern interiors, The Last Hotel comes alive with renewed energy while nodding to a bygone era. Located in the heart of St. Louis near the Washington Avenue Garment District, The Last Hotel carries the torch of culture and growth in the downtown St. Louis area.
Apartments at M-Streets
the Apartments at M-Streets located at 1925 Moser Avenue, a marquee multifamily investment opportunity in the heart of Knox-Henderson. 1925 Moser is a 109-unit, completely renovated community located in the extremely popular Knox-Henderson neighborhood located just northeast of Downtown Dallas. Featuring studio, one-bedroom, and two-bedroom units, the property boasts premium modern finishes and was thoughtfully renovated in 2018 to provide residents with an upscale living experience within one of Dallas’ most highly sought neighborhoods.
720 Rusk St
720 Rusk ins located in downtown Houston. Highly improved as a creative office building with in-place tenancy to assist in deferring the cost of carrying for an owner or user.
Roberts Riverwalk Hotel
Roberts Riverwalk Hotel has 109 Guest Rooms and is located on an International Riverfront within an Opportunity Zone allowing a new owner a value add and/or redevelopment opportunity along Detroit's East Riverfront taking advantage of Detroit's Riverwalk, which was recently awarded Best Riverwalk in the country for 2021 by USA Today's 10 Best Readers' Choice travel awards.
The East Riverfront is a planning area for the City of Detroit in partnership with the Detroit Riverfront Conservancy with over $1 Billion of investment planned and underway. The Detroit Riverwalk is a destination location attracting over 3 million visitors annually and currently spans 3.5 miles with expansion plans for a total of 5.5 miles once completed in 2022.
HOW IT WORKS
The fund objective is to provide investors with diversified exposure to real estate and the potential for significant tax benefits through the opportunity zone program.
BluPhoenix Advisors has a documented history of investing in mixed, discretionary private real estate funds and is recognized as a thought leader and market leader in opportunity zone investments and an early entrant in the space in 2018.
Reduction of capital gains taxes up to 10% if held for at least 7 years.
Funds support the building and revitalization of underserved communities throughout the country, thanks to the Tax Cuts and Jobs Act of 2017.
Deferral of capital gains where proceeds are timely invested in an opportunity zone fund until the date on which the investment is sold, or Dec. 21, 2026—whichever is sooner.
Reduction of all (or a portion) of the taxable gain if held for at least 10 years in a Qualified Opportunity Zone investment.
IMPACT
ABOUT THE OPPORTUNITY ZONE PROGRAM
BLUPHOENIX ADVISORS' COMMUNITY IMPACT
Transforming Cities
BluPhoenix Advisor’s revitalization efforts will recast urban centers. Locals of these long-overlooked communities are expected to enjoy a vivacious new city center, more business and career opportunities, and higher home values.
Creating Jobs
The Launch Pad is the entrepreneurship center where we help start, build, and scale your startup business. Since its inception, Launch Pad has generated thousands of jobs in cities across the U.S. and hopes to continue this trend.
INVESTOR CONSIDERATIONS
Selected risk factors are stated below. Refer to the PPM for more detailed discussion of risk factors.
- Investments in BluPhoenix Advisors private placements can lose value, are illiquid and are speculative.
- Illiquid investment, uncertain time horizon, complex structure; suitable only for sophisticated investors;
- This investment does not comprise a comprehensive investment strategy;
- Investment returns are not guaranteed; this is a speculative investment;
- Unique risks related to real estate investment include interest rate risk, occupancy/extended vacancy issues, the ability to attract tenants, insurance risks, among others;
- This offering is not contingent on a minimum capital raise and if the Fund cannot raise substantial capital, Fund investments may be less diversified and the Fund may not achieve its investment objectives;
- Opportunity Zone provisions are technical and complicated; investors intending to qualify for opportunity zone incentive tax benefits must be mindful of meeting all requirements and are urged to consult their personal tax advisors regarding an investment in the Fund; COVID-19 could have a material impact on the Fund’s investments and operations.
REQUEST ACCESS TO THE EXCLUSIVE OFFERING MEMORANDUM
Opportunity Cities
CHICAGO
DETROIT
ATLANTA
BALTIMORE
WASHINGTON D.C.
RALEIGH
AUSTIN
HOUSTON
SAN ANTONIO
The Black Wall Street Fund Team
Dr. Daniel Ben-Yochannan
Managing Partner, & Founder
Julian Moore
Senior Vice President of Acquisitions and Development
Natoya Wiggins
Senior VP of Investor Relations &
Compliance
Camille Logan
Investor Relations
Nicole Higgins
Acquisition Analyst
Ebony Evans
Acquisition Analyst
Bernelle Diaz
Investor Relations
