Urban Array Opportunity Fund | Urban Array Impact Ventures
| Fund Name | Urban Array Opportunity Fund |
|---|---|
| Fund Manager or Organizer(s) | Urban Array Impact Ventures |
| Fund Size | $50,000,000 |
| Fund-Related Website | urbanarray.org |
| Investment Focus | Commercial Real Estate, Community Revitalization, Economic Development, Renewable Energy Investment, Small Business Development, Workforce Housing |
| Geographic Focus | California, Colorado, Illinois, Missouri, New York, Texas, Washington, Regional Or Local |
| Additional Fund Details | The Fund identifies properties to rehab and rebuild and entrepreneurs to incubate and facilitate in the newly renovated spaces. Supported by UAF and working in conjunction with building equity company Hanns & Erving, properties purchased by the Fund are rehabbed and rebuilt for entrepreneurs being incubated through business accelerator E.G. Woode. This allows UAOF to minimize costs of UAF and entrepreneurs in Opportunity Zones. The specific investment principles followed create centers for innovation and growth enabling: Individuals to build themselves while growing their community As assets are grown they may be sold back to the community members who contributed to them or UAF, allowing the fund to exit their position in the asset. In order to maximize tax incentives and returns, investors' money is locked into the fund for 10 years. Dividends may be paid. Management fees of 2 and 20 are donated to, and used to pay the salaries of, UAF development and management teams. The Fund has four main goals: Be a catalyst for high-growth businesses and asset development |
| Organization Details | The Urban Array Foundation is able to leverage a number of technological advancements in order to offer attractive opportunities to the UAO, including but not limited to: Social Enterprise Asset Management (SEAM) system The Urban Array Opportunity Fund is the first iteration of what we believe will grow to be a world-changing investment class. The Fund will support the activities of the Urban Array Foundation by lending seed investment to the community-driven projects that the Foundation empowers using the open source SEAM platform. |
| Fund Contact | .... |
| Name | Marquis Davis |
| Job Title | Managing Director |
| Phone | (646) 881-4818 |
| Email hidden; Javascript is required. |
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