Welcome to Tulsarealestatefund.net, a website dedicated to the first Black owned Regulation A+ Tier II Impact Fund designed to resurrect and expand Black Wall Street. Tulsa Real Estate Fund has been recognized by the crowdfunding sector for its success at galvanizing support from over 14,000 investors to practice Black group economics. To maintain trust and keep all 14,000 investors informed, the Tulsa Real Estate Fund provides audited and open accounting books to the public made available through the Security & Exchange Commission’s regulated database.
Tulsa Real Estate Bio
The Tulsa Real Estate Fund (TREF) was founded on June 1st, 2018 in honor of the original Black Wall Street in the Greenwood District of Tulsa, OK, which was one of the most prominent concentrations of African-American businesses in the United States during the early 20th century. The entire neighborhood was burned to the ground in the Tulsa race massacre of 1921, in which white residents massacred the area. Between 75 and 300 people, almost entirely Black were killed, hundreds more were injured, and caused 5,000 Black people to be displaced into homelessness.
Since its foundation, the fund has been featured in Forbes, online magazines, and local news broadcasts for its mission and ability to raise over 6 million dollars within its first week and creating more than 16 million dollars in private capital for six African American developers. Today, there are more than 14,000 members of the TREF community, many first-time, unaccredited real estate investors. In just three years, the fund has raised $11.5 million dollars in cash from over 14,000 investors, which it has used to acquire real estate and lend to minority real estate developers.
Jay Morrison
A prominent real estate agent, entrepreneur, co-founder, and business mogul, Jay Morrison is the founder and CEO of multiple businesses, including Jay Morrison Academy, Hip Hop to Homeowners, and Tulsa Real Estate Fund. Although today Jay Morrison is a two-time best-selling author and real estate mogul, he was not born into wealth and underwent many challenges in his youth. Before turning his life around at the age of 25, Jay Morrison dropped out of high school and even served time in prison for drug trafficking. His life changed when he joined a mentorship group where he learned different financial concepts including, purchasing, financing, credit, and real estate evaluation. Today, Jay Morrison’s mission is to serve his community and help other minority groups grow generational wealth through real estate investing.
The Benefits of Crowd Funding Real Estate
Over the last two centuries, almost 90% of the world’s millionaires made their fortune through real estate. Today, real estate builds wealth more consistently than any other asset; however, the price of homes has never been higher, meaning real estate investing is often only utilized by the upper-middle class. Urban neighborhoods across the country rarely have the means to invest thousands of dollars in their community’s real estate, leading to greater instances of gentrification. Those looking to gentrify a community rarely have the same interests as those already living in the area, which can often lead to the displacement of longtime residents and the fleecing of property equity. However, with crowdfunding, those without the means to invest large sums into traditional real estate investments can participate in real estate redevelopment projects in their communities.
To learn more about the Tulsa Real Estate Fund, Jay Morrison, or the benefits of crowdfunding real estate and real estate investing, return to Tulsarealestatefund.net for future updates and entries.