FOR INVESTORS
Built for selective allocators.
Fund I is open to accredited investors including family offices, high-net-worth individuals, and institutional allocators. The fund targets investors who value operator alignment, portfolio diversification, and LP-first economics over deal-by-deal syndication.
For accredited investors only · Private placement · Not an offer to sell securities
INVESTOR BENEFITS
What Fund I investors receive.
LP-First Economics
8% cumulative preferred return. European waterfall — full capital return before GP participates. Single promote at fund level only.
Quarterly Reporting
Institutional-grade quarterly reports covering portfolio performance, capital deployed, liquidity positions, and deal-level updates.
LP Advisory Committee
Qualified LPs are invited to join the LP Advisory Committee — providing oversight on fund governance and major decisions.
Co-Investment Access
Select LPs may access co-investment opportunities in specific deals above the fund's target allocation, at the same economics.
Diversified Portfolio
10–15 investments across hospitality, multifamily, and mixed-use development in Southeast, West Coast, and Midwest markets.
Vertically Integrated Ops
Blackline controls development, construction, and operations through Bellamare — eliminating third-party execution risk.
DATA ROOM
Full diligence materials for qualified investors.
The Fund I data room includes the full Private Placement Memorandum, financial model and return projections, deal-level underwriting on pipeline assets, legal documents, and team background materials. Access is granted following accreditation verification and an introductory call.
Private Placement Memorandum (PPM)
Fund Financial Model & Return Projections
Deal-Level Underwriting & Pipeline Details
Subscription Documents & Legal Agreements
CONTACT
Begin a conversation.
Reach the investor relations team directly. Inquiries from qualified investors are reviewed by the Blackline team.
Not an offer to sell securities. Fund I is offered only through the official PPM to verified accredited investors.