Let’s Build Accelerator Fund: Pathways to Ownership and Economic Participation
With an initial $5 million in capital to seed the Let’s Build Accelerator Fund, we can ensure a seat at the table for developers who lack the equity needed for a genuine stake in the economic rewards and ownership of real estate projects.
How it works
We recognize that some partners don’t have financial resource gaps. The Fund is designed for those in need of capital – and in particular equity capital – that enables co-investment and co-ownership with us in upcoming plans.
Funding under the program will be approved as part of the application process on a case-by-case basis. The Fund will evaluate potential for ownership and participation levels appropriate for each partner and project. Amounts will vary and will also consider additional resources partners may bring to the table from other sources.
The Fund will credit money to the partner’s capital account so that it may be used to cover pro rata costs including pre-development expenses and capital calls. It will also allow the partner to earn pro rata shares of developer fees, project cash flows and residual returns.
Upon exit from the project, the initial investment credited to the partner will be recycled in the revolving Fund to support future ventures, while partners hold on to their share of fees, income and returns earned.
