Investment Approach & Deal Focus
For sponsors seeking investment capital from Blueprint Local, these are the factors we typically consider when evaluating a deal.
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Location
• In an Opportunity Zone
• Southeast | Texas | Mid-Atlantic -
Fundamentals
• Robust population growth and demand drivers
• Strong market fundamentals -
Partnership
• Local, institutional partners
• $20M+ total deal capitalization -
Impact
• Impactful programming
• Community alignment
Key Investment Criteria
Returns: Blueprint Local invests in real estate projects that are intended to drive attractive risk-adjusted returns for investors.
Deal Types: Our Opportunity Zone funds have invested in opportunistic real estate deals ranging from development to renovation.
Product Types: Our sector focus has ranged across Multifamily, Mixed-Use, Industrial, and Office/Retail.
Geographies: Our geographical focus spans the Southeast, Texas, and the Mid-Atlantic.
Impact: Our investments have a lens toward driving community impact via job creation, development of affordable and workforce housing, activation of neighborhoods & communities, and alignment with community & civic goals.
Existing Investments
Existing investments across Blueprint Funds
Portfolio Highlights
20+ real estate deals
12+ high-growth cities
$1.5B+ total built project capitalization
5,800+ Multifamily units
400K Commercial RSF
200K Industrial RSF
Inspiration
We seek to build places where communities can live, work, and gather.
The name “Blueprint” was chosen intentionally. We seek to establish a blueprint for a repeatable approach to investment that is intended to generate attractive returns and community impact where we invest. Through our work, we have partnered on inspiring projects led by local & regional sponsors with a long-term vision.
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The Current
The Current is a mixed-use development in Richmond, VA comprising multifamily, office, and retail uses. The Project adds affordable housing to the Manchester neighborhood and is home to Hatch Local, a food hall offering commercial kitchen space & affordable retail opportunity to F&B entrepreneurs.
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Kinship
Once complete, Kinship East & West will be the first residential component of the Camp North End multi-phased redevelopment of the historic Ford Motor Company factory in Charlotte, NC. Kinship will provide affordable housing in a unique live, work, play environment.
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Chatham Mill
Blueprint Local has partnered on the redevelopment of Chatham Mill into multifamily housing in Winston-Salem, NC. The Project is the final phase of the redevelopment of the Historic Chatham District into a complete mixed-use district that will offer attainable housing to the City’s residents.
“I was drawn to Blueprint because of the firm’s focus on community building. In the early days, we spent time tying government, philanthropy, and private investment to figure out how to build a density in certain communities that haven’t had an investment. What has encouraged me most about the last year is that Blueprint has moved from ideas to execution—we have been able to take brainstorms and visions and begin to execute on a repeatable, dependable model that can deliver long-term impact in communities across the US, such as my hometown of San Antonio.”
DAVID ROBINSON, SR.
NBA Hall of Famer | Blueprint Local Advisory Board Chair
Impact & Community Alignment
Blueprint evaluates every deal opportunistically and with an eye towards elements of impact.
Goals & Results to Date
Attractive Returns: We underwrite deals to target attractive financial returns (mid-teens to low-twenties gross project-level IRR) over a 10-year period. Projected returns do not include additional prospective Opportunity Zone benefits; we believe each project should stand on its own merit.
Meaningful Impact: With each investment, Blueprint considers community impact as a lens through which we evaluate and prioritize deals that we believe are independently financially viable and attractive.
Strong Markets with Experienced, Institutional Partners: We source investment opportunities in attractive & growing markets across the Southeast, Texas, & Mid-Atlantic with experienced & institutional sponsor developers with whom we can foster repeat, programmatic relationships.
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47%
Affordable Units Completed or Under Development Below 120% AMI
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81%
Investments Made in Census Tract with Median Household Income Below National Average
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36%
Population Living in Poverty in Census Tracts where Projects are Located
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77
New Retail and Office Tenants Expected in Delivered and Under Construction Projects
