Edmondson Village

Edmondson Village

Building Black wealth through community-owned shopping centers.

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Location
CHICAGO, IL
Expected Close Date
April 30, 2023
Target Raise
$100.00K-$980.00K
No. Investors
95
Security Price
$1
Number of Employees
0
Cash
$0
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$0

Company Description

The Chicago TREND Corporation has negotiated a contract to acquire the 316,474 square foot Edmondson Village Shopping Center in Baltimore, MD for $17,050,000. TREND is launching a crowdfunding campaign to allow Black entrepreneurs, community residents and other interested socially-minded impact investors – with as little as $1,000 – to co-own the Shopping Center.

Key Deal Facts

Strategic. Purchase profitable urban community shopping centers in partnership with Black entrepreneurs and community investors, Building Black wealth. Providing a path for increased ownership opportunities of real estate assets., Supporting Black talent. Providing opportunities to Black-owned businesses and opportunities for local community employment, Scalable. Planning to provide investment opportunities in 10-100 service oriented community shopping centers, Black-owned. Project led and owned by a Black team, Return. 49% of cash flow and profit to investors
Amount Raised : $267,000
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