Oak Cliff Community Investment Fund, LLC was formed for the purpose of acquiring and preparing the site for a 63 acre mixed use development, “Parks at Oak Cliff”, in the Oak Cliff region of Dallas, Texas.

In the first phase the Company will seek to acquire, entitle, and sell to a partner entity a 63 acre parcel of land on which to build the development with the intention of providing participating investors with a real estate investment opportunity with a significant return after 5 years.

The planned mixed-use development is designed to meet the demand for affordable housing, high quality retail, and other community spaces currently lacking in the southern sector of the city and to create a substantial return for investors.

The organized project is approximately 63 acres and will include:

• 300+ affordable housing units—both owner-occupied and rental
• 74,000 square feet of commercial, to include general retail, boutique hotel, grocery store, and restaurant
• Public services, to include cultural center, family health clinic, and school
• 8+ acres of green space--park and community garden

Acquisition Criteria

• Property Type: Minimum of 63 acres located in Oak Cliff Area
• Acquisition price less than 80% of Fair Market Value after entitlement
• Upside valuation potential from asset enhancements and re-positioning following entitlement

Market Focus: Oak Cliff region of Dallas, Texas

Both the owner-occupied and multi-family housing market in Dallas and specifically in Oak Cliff are currently strong. Home values and rents have been rising. The median list price for a home in Oak Cliff was $267,000 in August of 2021, up 18.7% year over year. Development is moving south in the City of Dallas toward the Oak Cliff region. Much of the northern sector of Dallas has been developed, leaving most of the raw land and opportunity to build new developments from the ground up in the southern sector. A 2018 study by the City of Dallas disclosed a need for an additional 20,000 affordable units.

According to the US Census Bureau, Dallas’ population grew by approximately 250,000 from 2010 to 2019 to 1.34 million people, 65% of whom are between 18 and 65 years old. 40% of Dallas’ housed residents live in owner-occupied housing, with 60% renting. Dallas is a racially diverse city; the population is 24% Black, 42% Latino, and 29% white.

The Fund Manager believes these factors create a strong case for the need for Parks at Oak Cliff, a planned mixed use development in Oak Cliff that includes mixed income multi-family and owner-occupied housing, retail, and community amenities.

The Methodology

The Fund intends to raise the necessary capital for the acquisition and entitlement of the development site as Phase 1 of a multi-phase development. The Fund Manager will operate as a hybrid real estate investment fund in order to minimize investor risk. Reaching the minimum amount specified in this raise will allow the fund to acquire and also entitle the land. The entitlement of the land will increase the value of the asset and help to facilitate maximum investor returns at whichever point the asset disposition occurs. The Fund’s execution strategy for these opportunities is detailed below:

Primary Preferred Method: The Fund Manager completes the target raise, the land is acquired, the entitlement process is complete, and the land is then available for sale to a partner entity.

While a significant amount of equity and value is present from the time of entitlement, additional equity and profit is realized through the targeted sale of the land for specified use. The Fund Managers have engaged an urban planning firm and community stakeholders to determine the highest and best use of the land based on current demand. The completion of the entitlement process based on this extensive research will add increased value and maximize investor returns. The Fund Manager has the needed experience and established relationships to support the successful completion of the entitlement process.

Secondary Method: While The Fund Manager fully intends to successfully complete the steps outlined in the Primary Method above, we also realize the need to prepare for unexpected volatility in the market should it occur. The Secondary Method would be a simple and effective way to address such an occurrence. As previously stated, the minimum set for this raise would cover both the acquisition and entitlement of the land. Simply put the increased value of the land following entitlement helps to shield the investor from loss if the need for a quick sale is ever determined.