Little Tokyo Community Impact Fund Kick Off Event
Saturday, August 24, 2019
Union Church, 401 E. 3rd Street, Los Angeles, CA 90013
11:00 am: Japanese Presentation
1:00 pm: English Presentation
Little Tokyo (Los Angeles, Calif.) – The Little Tokyo Community Impact Fund, SPC (LTCIF) has received final approval from California regulators to receive investment funds directly from California residents as it moves to become a community-owned and managed real estate fund. Through a direct public offering (DPO), LTCIF can offer shares of stock directly to potential investors. Proceeds will be used to purchase real estate in and around Little Tokyo, allowing community investors to have a say in what happens in the community and potentially benefit from LTCIF’s success.
A public meeting to announce the DPO and to provide the next steps for potential LTCIF Investors and supporters will be held on Saturday, August 24th at Union Church, 401 E. 3rd Street in Little Tokyo. A special session in Japanese will take place at 11 a.m., followed by a meeting for English speakers at 1:00 p.m. RSVP to the kick-off event here. Parking is free.
LTCIF was launched by a group of Little Tokyo community advocates who were concerned about the increasing number of closures and relocations of heritage-based business in Little Tokyo largely due to gentrification. To work towards preserving and protecting the historical legacy of Little Tokyo from the impact of gentrification, they formed a real-estate investment fund that would seek to purchase and manage properties for the purpose of supporting heritage-based businesses and properties in Little Tokyo.
An update on Little Tokyo, and the mission, structure, and operation of the Little Tokyo Community Impact Fund will be presented at the August 24th meeting, with time for extensive question and answer. Further details on the fund are available on the LTCIF website www.littletokyocif.com.
* The Commissioner of Business Oversight of the State of California does not recommend or endorse the purchase of these securities.