TPP REAL ESTATE DEVELOPMENT FUND – Impact Investing – tppfunds.com

An innovative impact investment opportunity that builds wealth while rebuilding blighted and underserved urban communities

TPP Real Estate Development Fund, LP
506(c) Offering Platform

INTRODUCTION TO OUR COMPANY

TPP Capital Management Group is a black-led social impact private equity fund manager and healthcare real estate development firm based in Philadelphia, Pennsylvania, USA formed to create impact investment opportunities that build wealth while rebuilding blighted and underserved black neighborhoods within “certified opportunity zones”.

TPP is on a mission to change the face of black health by investing in and transforming as many as five urban blighted and underserved black neighborhoods into integrated and scalable, compact, dense and community, health, and wellness-centric focused districts over the next 10 years. TPP Capital is led by real estate, building design, entitlement, social impact design, food innovation and construction professionals who bring a combined 80 years of experience in the Philadelphia real estate market.

TPP is seeking high-net worth individuals, family offices, foundations, retirement systems, pension funds, endowments, corporations, insurance companies, philanthropists, fund of funds, banks (for CRA credits) and social impact investors to partner and invest in a black-focused initiative to build black health into the architecture of black neighborhoods.

For its first neighborhood transformation, TPP Capital put together a “family of funds” with a $300MM target that will transform three (3) census tracts in Philadelphia County, Philadelphia, Pennsylvania USA adjacent to Temple University Health Science Campus (TUHSC). The partnership is capitalizing on the parcel assembly work conducted by key principals of senior management over the last five years. TPP Capital currently has site control and a pipeline of over Forty-four (44) plus ground-up new construction projects within these “federal certified opportunity zones” which addresses multiple housing and retail needs while driving positive social, environmental, and economic change.

Currently, TPP Capital is offering accredited individual and institutional investors the opportunity for immediate investment in two concurrent opportunity zone funds:

  • TPP Real Estate Development Fund LP
  • TPP Real Estate Land Fund LP

TPP Family of Fund’s has three goals:

  • To create market rate returns for our accredited individual and institutional investors by converting underutilized vacant land with existing public utilities into much needed For Sale Affordable Workforce & Market-Rate Condominium Housing, Multifamily, Mixed-Use, and Commercial properties.
  • To provide a vehicle for our accredited investors to reduce realized and unrealized capital gains plus pay 0% capital gains on the new gains generated from the investment. This is achieved because our Opportunity Fund target projects are in blighted urban neighborhoods or “certified opportunity zones” that are now eligible for breaks created by the 2017 federal tax overhaul.
  • To catalyze a holistic community social and economic impact approach by providing facilities that build businesses, create in-demand jobs, and increase access to basic services such as primary + specialty care, culinary medicine, healthy food, housing, broadband and education.

This private placement memorandum available through this portal outlines the strategies for executing on these opportunities and the pertinent details regarding investment in TPP Fund securities.

"The time is always right to do what is right."

— Dr. Martin Luther King, Jr. —

TPP Real Estate Development Fund, LP
506(c) Offering Platform

Target Market Area

TPP Capital has identified compelling market opportunities in the three (3) census tracts 42101020101, 42101020102 and 42101017300 adjacent to Temple University Health Sciences Campus (TUHSC) in Philadelphia County, Philadelphia, Pennsylvania USA just three miles north of Center City. Major positive indicators are 1) proximity to Temple University Health Sciences Campus, 2) expanding transit infrastructure, 3) increasing K-12 education options, 4) economic and demographic growth momentum, 5) a politically favorable development environment, and 6) national pressure to build businesses, create in-demand jobs, and increase access to basic services such as primary + specialty care, culinary medicine, healthy food, housing, broadband and education.

Demand for housing near workplace: 

More than 10,000 people work on or near the Temple University Health Sciences Campus (TUHSC) which spans four city blocks on Broad Street from Allegheny to Venango streets. The campus is home to Temple University Hospital, a teaching hospital; Lewis Katz School of Medicine; School of Pharmacy; Maurice H. Kornberg School of Dentistry; College of Public Health and Shriners Children’s Hospital. Buildings and facilities cover some 20 acres. At present, the surrounding area offers no attractive options for graduate students, moderate- or higher-income employees to live near their workplace.

Convenient public transportation: 

Existing transit options make it easy for residents to get to and from Center City without a car. The investment area is bookended by two Broad Street Line subway stations: Erie to the North and Allegheny to the South. The Erie station offers express service to Center City. SEPTA's bus routes 4 and 16 serve Broad Street. Two blocks south of the investment area are SEPTA's North Broad Regional Rail station and Amtrak's North Philadelphia station. A New York investment group is planning for a $162M redevelopment project adjacent to North Philadelphia station.

Increasing K-12 education options: 

In addition to the public elementary school in Tioga (Kenderton K-8), Mastery Charter Schools operates two nearby elementary schools (Grover Cleveland K-8 and new for 2018-19, Mastery Prep K-2), a middle school (Gratz Prep) and a high school (Simon Gratz). Next Generation Ministries operates a private Christian school (Spring Garden Academy PreK-8). A new, $40M Cristo Rey High School was just completed in Tioga at 17th & Allegheny. This independent Catholic school follows a work-study model in which students earn money toward tuition through part-time employment at a partnering business.

The phase I primary five-city square block investment area is roughly bordered by N. Broad St. on the eastern end, Allegheny Ave. on the southern end, N. 18th St. on the western end and W. Erie Ave on the northern end.

"Our proprietary investment strategy is focused on scale, speed and a holistic community impact approach to real estate development."

— Clinton Bush, Chief Strategy Officer (CSO) —

TPP Real Estate Development Fund, LP
506(c) Offering Platform

Summary of Operations

TPP Capital currently has a pipeline of Forty-four (44) plus ground-up new construction projects within a five-city square block area adjacent to the Temple University Health Sciences Campus (TUHSC). TPP Capital plans to develop these projects to provide affordable housing, workforce condominiums, market rate, transit-oriented multifamily housing, mixed-use and commercial properties.

TPP Capital through its “family of funds” approach seeks an overall investment goal of $300 million in the three designated census tracts. In its initial two concurrent funds now open for investment, TPP Real Estate Development Fund #1 seeks to raise $100M and TPP Real Estate Land Fund #1 seeks to raise $37M. The planned term of each of the Fund’s is ten years (10) from the start of principal Fund activities.

As planned, TPP Real Estate Development Fund will invest 100 percent equity in the acquisition of approved Multifamily and Mixed-use parcels with existing public utilities in census tract 42101020101, 42101020102 and 42101017300 for ground-up development. TPP will bring in-demand job opportunities and critical resources all with a healthcare, healthy food and smart technology focus to the Tioga and surrounding community. TPP anticipates its immediate investment at scale will add to the neighborhood, all within a five-city square block area, 92,392 square feet of pedestrian, streetscape and storm water improvements including new sidewalks, landscaping, lighting, way finding signage, street furniture, public art and green roofs, 1,407 residential units for rent or sale and 172,870 square foot of commercial/retail/office space, as follows:

  • 500 affordable housing units
  • 234 fully furnished one bedroom and studio senior independent living rental units 55+
  • 94 one- and two-bedroom condominiums for sale as workforce housing with special incentives for health care workers, law enforcements then teachers, firefighters, emergency medical technicians, active duty military and veterans
  • 286 market rate condominiums for sale
  • 259 market rate rental units
  • 34 graduate student/medical resident rental units
  • 19,000-square-foot retail space for a community farmers market with 20-30 retail outlets offering affordable, high quality, fresh, local, seasonal, natural, health focus foods
  • 32,000-square-foot retail space for healthy food hub
  • 16,000-square-foot indoor vertical farm for the year-round production of vegetables (tomatoes and the like), leafy greens, herbs, and microgreens
  • 1,900-square-foot-office space for health care/food innovation accelerator
  • 45,720-square-foot office space for primary care, lab services and specialties like family medicine/pediatrics, women’s health (ob/gyn), physical/occupational therapy, optometry, podiatry, dental, pharmacy, chiropractic, and mental health
  • 31,450-square-foot commercial space for a state-of-the-art multi-venue preventative health tower used culinary medicine, health care/food innovation, food entrepreneurship, research, teaching and nutrition education
  • 20,000-square-foot office space for early childhood education, career development, entrepreneurship, and community-based learning
  • 6,800-square-foot multi-venue smart neighborhood technology innovation showcase and job training center that features all aspects of the smart technology industry from 5G to digital health to food tech to virtual reality to autonomous vehicles and more.

As planned, TPP Real Estate Land Fund will invest 100% equity in the acquisition of unimproved land parcels with public utilities for value-added zoning approval of (I) For Sale Affordable Workforce & Market Rate Housing, (II) Multifamily, (III) Mixed-Use and (IV) Commercial Finished Lots in census tracts 42101020101, 42101020102 and 42101017300.

"Our all-in-one solution will reduce the social determinants of health and ​disparate burdens of chronic medical conditions​, implement critical infrastructure and regional development strategies, and advance bottom-up economics and regional prosperity"

— Anthony Miles, Director of Investor Relations and Developer —

TPP Real Estate Development Fund, LP
506(c) Offering Platform

Social, Environmental and Economic Impact

The neighborhood adjacent to Temple University Health Sciences Campus (TUHSC) is home to 85.5 percent black population all living amidst vacant houses, stores, and lots. The health of this community has been forgotten where 43 percent live in poverty, $17,052 is the median household income, 45 percent have high blood pressure, 77 percent have high cholesterol, 43.3 percent obesity, 19.3 percent diabetes and 18 percent were unemployed pre-COVID-19. The leaders of TPP Capital envision a different Neighborhood within 3-5 years; an appealing community which people of varied income levels live, learn, work and play.

In addition to the planned investor-funded new real estate developments, TPP Capital intends to catalyze positive social, environmental, and economic impacts within its Opportunity Zone by forming coalitions. Each coalition is a collaborative partnership between TPP Capital and residents, community groups, political leaders, business owners, foundations, corporations, nonprofits, philanthropists, social impact investors, developers, academia, lending institutions, city, and state agencies.

TPP Capital is committed to nine core areas of impact:

"Leaders become great, not because of their power, but because of their ability to empower others."

- Anonymous -

TPP Real Estate Development Fund, LP
506(c) Offering Platform

Fund Management

TPP Capital, each of the “family of funds” General Partner is currently managed by seasoned real estate, building design, entitlement, social impact design and construction professionals dedicated to the success of the Fund and efficient execution of its planned operations within “certified opportunity zones”.

Strategic Partners

TPP Capital Management Group, LLC has entered into strategic alliances with top industry professionals and prominent companies, some of which are highlighted here. TPP Capital is seeking additional alliances and partnerships with city government, community groups, economic development groups, educational institutions, nonprofit organizations, businesses and corporations interested in enhancing quality of life in the Tioga neighborhood of North Philadelphia.

Tower Fund Services

Fund Administrator

Midland Self-Directed IRAS

IRA Custodian

Riveles Law Group

Securities Law

Kellar Williams Condo Shop

Leasing, Property Management & Asset Disposition

Ecotone

Social Impact Measurement

Urban Affairs Coalition

Healthy Town Tioga is a program of the Urban Affairs Coalition

"Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek."
— Barack Obama —

TPP Real Estate Development Fund, LP
506(c) Offering Platform

Terms of the offering

A private offering of Limited Partnership Interests

Minimum Purchase for Individuals: $25,000

Minimum Purchase for Institutional Investors: $250,000

ACCREDITED INVESTORS ONLY

Have a question about our offering?
Please complete the contact form and we will get back to you.

TPP Real Estate Development Fund, LP — Anthony Miles — 30 South 15th Street, 15th Floor, MB 37 — Philadelphia, PA 19102 — (267) 307-7878

TPP Real Estate Development Fund, LP
506(c) Offering Platform

So Much More than what you See

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Through the TPP Real Estate Development Fund, LP 506(c) Investor Portal, an accredited individual or institutional investor can become approved as a prospect and learn more about our investment opportunity.

Approved prospects can:

  • Access to the Private Placement Memorandum, which outlines our comapany and gives greater detail about our offering. Download a PDF to review on your time, read the ebook presentation online or request a hard copy of the documents;
  • Access to our SEC filing. Download a copy for your records or visit the sec.gov website;
  • View real time offering metrics of where we are in the offering process;
  • View the timeline of where you are in the investment process;
  • View company contact information and send emails directly to the administrator;
  • Easily upgrade to "investor" through the click of a button.

When you upgrade to investor, you gain additional access, as follows::

  • The ability to download subscription documents for completion;
  • Document upload of subscription and accredidation documents;
  • Specific process information for investing and instructions on transfer of investment funds;
  • Access to quarterly and annual reports;
  • Access to Financial documents;
  • Access to Supporting Documents;
  • Access to Asset Portfolio;
  • Access to News articles written by the company for the investors;
  • Access to documents that you have uploaded and have been uploaded to your account.
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