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lacklist Capital, a New York-based real estate private equity firm, has made two significant announcements: its expansion into the Middle East and the closure of its third fund. The fund will be used to complete an affordable housing project in New York City, addressing the financial challenges families face in owning a home in expensive markets like NYC.
Fahad Rajput, founder of Blacklist Capital, acknowledges that high property prices, growing rents, and ongoing costs make necessities such as housing difficult for hardworking New Yorkers. To address this challenge, the fund will develop multifamily rental properties with a certain percentage of units designated as affordable housing, offered at below-market rates to lower-income individuals and families.
Rajput emphasizes that while the fund aims to provide strong returns to its investors through careful financial structuring and government incentives, it also prioritizes community development. By working on multifamily rentals with an affordable component, Blacklist Capital can contribute to community growth while maintaining high investor ROI.
The company's expansion into the Middle East marks a significant step in its growth, allowing it to diversify its investment offerings and replicate its success in New York. Blacklist Capital has acquired its first asset in the UAE, marking its entry into the growing real estate sector in the region. The firm is also planning a Saudi Arabian expansion in alignment with His Royal Highness Mohammed Bin Salman's Vision 2030 initiative.
With over $100 million in real estate experience, Blacklist Capital has established itself as a significant player in the New York market. The company uses its proven track record to position itself well for capitalizing on burgeoning opportunities in the industry. Fahad Rajput shares that their success stems from their commitment to creating investment opportunities historically available only to the elite.
Blacklist Capital is a New York-based real estate private equity firm specializing in multifamily acquisitions and development. Founded by Fahad Rajput, the company focuses on acquiring land development sites in changing markets and value-added residential projects in submarkets. It operates on an integrated method encompassing debt/equity funding, development, and construction experience.
Contact Details: Contact Person's Name: Fahad RajputPosition: Founder and CEOCompany Name: Blacklist CapitalCompany website: blacklistcapital.comContact Email Address: [email protected]
