Chicago Trend Real Estate Fund LP

The Chicago TREND Real Estate Fund LP is a newly created real estate investment fund focused on acquiring shopping centers and other retail properties located in key commercial corridors predominantly in the city of Chicago as well as other targeted cities including Baltimore, MD. The Fund’s GP is The Chicago TREND Corporation, a Black-led social enterprise founded in 2016 whose goal is to provide a scalable alternative model for commercial real estate that centers community wealth building, governance, and engagement. TREND was co-founded by Lyneir Richardson, an experienced real estate developer with over 17 years of experience in urban retail development. TREND Community Development Corporation, an affiliated non-profit organization, was formed in 2019 to leverage philanthropic support for the business and real estate development advisory services which complement TREND’s commercial development activities. The Foundation’s equity investment in the Fund will enable TREND to further its mission objectives while also helping it achieve financial stability. Additional support to TREND Community Development Corporation will come in the form of the Foundation’s contribution of its share of the Limited Partners’ distribution on profits received under the terms of the LPA. It will also allow TREND to incorporate a Community Investment Vehicle into its investment strategy, which creates a pathway for community residents to build wealth by investing directly into real estate development projects in the neighborhoods where they live and work.