Real Estate Mogul Jay Morrison Raises $9.6 Million In First Seven Days of Historic IPO of First African-American Owned Real Estate Crowdfund
Atlanta based real estate mogul Jay Morrison recently announced the initial public offering (IPO) launch of the Tulsa Real Estate Fund, the first African-American owned Regulation A+ Tier II crowdfund designed to revitalize urban communities across the U.S.
Tulsa Real Estate Fund, The People’s Fund, is a real estate crowdfund qualified by the Securities and Exchange Commission (SEC) that allows both accredited and non-accredited investors to collectively invest and own real estate projects around the country that are unique, diversified and yield a reasonable rate of return. Tulsa Real Estate Fund seeks to raise up to $50 million in equity capital in its initial public offering under Regulation A+ of the Jump Start Our Business Start-Up (JOBS) Act. The Regulation A+ Tier II offering officially launched on June 1, 2018, at www.TulsaRealEstateFund.com and began taking investments immediately. The much-heralded 21st century fund raised $8 million in its first weekend.
“Tulsa Real Estate Fund was created for the sole purpose of the revitalization of urban communities across America, as well as a means for working class people to own shares and equity in a portfolio of real estate assets that will combat gentrification,” said Jay Morrison, CEO and manager of the Tulsa Real Estate Fund.