Roommates, we just found out about a couple in Atlanta who is buying back the block! Ernestine Johnson and her fiancé Jay Morrison launched the first 100% black owned SEC Regulation A, Tier 2 real estate crowdfund ever!!
The #TulsaRealEstateFund was named in honor of the historic Black Wall Street in Tulsa Oklahoma. Just 24 hours after their IPO (Initial public offering) on Friday, Ernestine and Jay were able to raise over $5 million. It’s now been about 40 hours and they’ve raised over $6.5 million total!
The couple tells us that this fund was “designed for non-accredited investors to begin a journey of wealth building.“ With an investment of $500, investors will receive 10 shares of ownership unlike the industry standard. Each investor receives an 8% preferred return and 50% of their prorated share of the profits making everyone an equity partner.
This allows everyday working class people and non-accredited investors the chance to invest in real estate assets!
Ernestine and Jay’s ultimate goal is to stop generational curses and build generational wealth!
Congratulations, y’all!
TSR STAFF: Talia O. @theclosetratchet on IG
