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Expected Close Date
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April 30, 2023
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Target Raise
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$100.00K-$980.00K
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No. Investors
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95
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Security Price
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$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
