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Blueprint OZ Fund LP (the “Company” of the “Fund”) was formed for the purpose of acquiring, developing, and managing Commercial multi-family and apartment class real estate assets in approved opportunity zones. The Fund, through investment in related party managed Qualified Business Entities, will seek to acquire land, plan and develop land tracts while self-performing the land planning, horizontal and vertical construction, and ultimately the management of a high quality real estate asset portfolio. The intention of the Fund is also to provide participating investors with a real estate focused investment opportunity that combines income, principal investment growth, and potential tax benefits as provided for under the Opportunity Zone program, according to criteria outlined in 2017’s Tax Cuts and Jobs Act. The Fund will also target certain off-market, bank owned non-performing distressed multi-family assets to achieve attractive risk-adjusted returns. The Fund will target investment opportunities in the primary target markets of Colorado, Florida, Arizona, Texas, Nevada, and Maryland. The Fund is managed by Blueprint investment Group LLC (“BIG” or the “Fund Manager”), a Colorado company formed in 2016 that specializes in real estate asset acquisition and management. BIG is managed by three highly experienced real estate and finance professionals with a combined 54 years of experience in the Colorado real estate market.
The Fund’s primary focus is creating and maintaining investor wealth with a focus on local and National Opportunity Zone located multi-family land development alternatives allowing for capital gains relief through real estate investment strategies that conform with the regulations as set forth in the Tax Cuts and Jobs Act of 2017. The management team’s collective abilities provide an advantage over investing individually by allowing the Fund to quickly and efficiently address any real estate acquisition and management issues.
The Fund’s ability to invest with aggregated capital also provides greatly enhanced negotiation leverage as the Fund can close acquisitions quickly and without the typical financing delays encountered with other purchasers that require institutional financing to close on a property. Since the Fund’s primary managers are directly involved in the placement of investment funds into select real estate assets, we can manage our investments more actively than large institutional investors. By investing in a Fund with experienced and specialized management, investors are freed from the complexities and time required for individual property ownership.
The Fund’s management team has identified compelling market opportunities for the acquisition of Commercial multi-family and apartment assets in certain markets within specified target markets. This Investment Packet will outline the Fund’s proprietary strategies for executing on these opportunities and other pertinent details regarding the Fund’s planned investment activities.
In the opinion of the Fund Manager, the Colorado multi-family real estate markets of Denver, Colorado Springs, and Pueblo provide a compelling opportunity for the purchase, management, and disposition of under valued and distressed multi-family and apartment class real estate assets. The Fund Manager’s new construction and distressed real estate mitigation background provides it the capability to accurately evaluate certain acquisition opportunities with the intent to rehabilitate the asset, engage in a reposition and lease-up, and then ultimately sell the improved asset for a net gain. Certain secondary markets in other area’s also offer similar opportunities and are also areas wherein the Fund Manager has significant market operating history and expertise.THE FUND’S INVESTMENT METHODOLOGY
The Fund intends to operate as a hybrid real estate investment fund with a certain portion of allocated capital being utilized for shorter term opportunities and the balance for acquisitions that will mature over a 10 year period. The Fund’s execution strategy for those opportunities is detailed below:
Long Term Investments (10 years): The Fund Manager intends to allocate approximately ninety percent (90%) or more of invested capital towards acquisitions that will require a longer duration of time to mature subject to the laws and regulations for properties located in Qualified Opportunity Zones prior to disposition. The Fund Manager expects that these assets will still be sourced at attractive acquisition rates, however the properties may not require as much rehabilitation or may be located in areas that demand a higher acquisition premium and thus the Fund Manager expects less initial equity immediately post-acquisition. The Fund Manager still intends to deploy elements of rehabilitation and re-positioning to maximize value and allow for maximum rental rates per square foot. Assets in this category will typically be held in the Fund’s portfolio for three to five years prior to disposition.
The Company is currently managed by seasoned business and sector professionals dedicated to the success of the Company and efficient execution of its planned operations.
President and CEO / Sponsor
Joseph Libkey began his career as a Residential/Commercial General Contractor in 2007. That lead him to Real Estate Investment in the capacity as a Master Developer for the last 10 years. He has experience with over 150 residential and commercial projects to including Public Schools, Specialty Hospitals, Universities, Multi- Tenant fit out, Luxury Homes ,Urban row-home re-development, Multi-Family apartments, Condominiums, and Land Planning for Sub-divisions.
Joseph Libkey, Jr. had the fortunate experience to partner with the Baltimore City Housing authority as a certified developer in coordination with Johns Hopkins Hospital residents and staff for housing placement. In 2014, Joseph worked hand in hand with the Deputy Commissioner of Baltimore City Housing, to develop vacant properties into custom townhome living for residents and staff of Johns Hopkins Hospital.
Early in 2015 Joseph Libkey decided to expand to Denver, Colorado to focus on residential rehabilitation projects after learning Denver was experiencing tremendous growth. This is where his business model grew to encompass new construction spec homes, commercial, and multi-family condo/townhome developments. By way of this scaled business model The Blueprint Investment Group was established. A vertically integrated firm that self performs in many area’s of real estate.
In 2019 Joseph Libkey was invited by County Commissioner Steve O’Dorisio to join Adams County, Colorado’s Opportunity Zone Taskforce to represent private sector investment rationale and combine with County leaders in economic development. Joseph was soon named the chairman of the Taskforce’s Sub-Committee for real estate and business investment in charge of working with fellow taskforce members to make Adams County’s 9 Opportunity Zones fertile for outside investment.
Pamela is an experienced CPA and professional with particular expertise related to mergers and acquisitions, corporate finance, taxes and accounting. She has over 20 years of public accounting experience and began her career with Deloitte & Touche in Atlanta and then Dixon & Hughes, the 2nd largest regional CPA firm in the Southeast and then Hein & Associates, the largest regional CPA firm in the Mountain States. Pamela then went on to form her own private practice and in total has over 35 years business experience.
She performed extensive due-diligence analysis relating to personnel and financial reporting, in preparation for IPO’s and acquisitions of several companies. Ms. Fraser has also owned her own accounting and consulting company that focused on lower and middle market clients. Pam brings a unique blend of public accounting experience, M&A sell-side, buy-side and recapitalization transactions and understands how to effectively work with lower and middle market clients.
Pamela has a BBA in Accounting, graduating Magna Cum Laude, from Oglethorpe University and an MBA in Accounting from Georgia State University. Pamela’s interests include skiing, hiking, running, and cycling.
Pam has been awarded the Five Start Investment Professional in Denver’s 5280 for every year from 2015-2019.
Mr. William M. Shenkin, also known as Bill, founded CeFO, Inc on January 1, 2000 and is the President and CEO. CeFO provides services for high-net worth individuals (averaging approximately $75 million in net worth). He is the partner in charge of the tax department, providing compliance, representation and planning services. Bill spent 15 years in public accounting with Ernst & Young and as a Partner at Shenkin, Kurtz, Baker & Co. before being purchased by Century Business Services Inc (NASDAQ: CBIZ). He was also awarded as a member of the 40 under 40 top Denver business professionals.
Bill was instrumental in bringing baseball to the State of Colorado. He successfully managed and helped raise approximately $60 million in debt and equity, while operating as the interim chief financial officer. Bill prepared all financial projections for the Colorado Rockies and assisted the Governor on the transaction.
Bill has an extensive background in real estate accounting and transactions. He is also a Member of the American Institute of Certified Public Accountants, Colorado Institute of Certified Public Accountants and Denver Estate Planning Council. He has a Certified Public Accountant Certification and is a Certified Information Technology Professional (American Institute of CPA’s)
Senior Vice President
Nathan Taylor specializes in creative land planning and development solutions along with value-add engineering in both residential and commercial applications. Nate along with his Father Richard Taylor have worked together to develop and build over 10,000 residential, multifamily and commercial units totaling well over $2 Billion in total horizontal and vertical land development and construction.
Nate has an extensive background in real-estate development and construction having spent the past 22 years working through all facets of the land development and construction industry as a job superintendent, project manager, Vice president of construction, and Owners expert Representative on conventionally financed and HUD financed projects.
Jeff Hawks is a 47-year veteran in the real estate business. He has focused his career on the sale, management, and ownership of multifamily investment properties.
Mr. Hawks began his career in Iowa in 1972 with the purchase of small commercial and multifamily assets. His career continued after he and his family relocated to Denver Colorado in 1980. Since 1972, he has acquired as an investor, both as a General Partner and Limited Partner, more than $1 billion in real estate properties most of which were multifamily assets. He is currently part owner of more than 30 assets containing over 6,000 apartment units in three states.
Mr. Hawks received his real estate brokers’ license in 1973 and has been involved in the brokerage of more than $10 billion in multifamily properties. Over his career, Jeff has been employed as a multifamily broker by several of the country’s largest commercial real estate firms. Mr. Hawks has received honors as the top Multifamily Broker in Colorado more than 20 times, was chosen as the NAIOP broker of the year twice and was given the “Lifetime Achievement” award by the Denver Metro Commercial Association of Realtors. He was inducted into the Apartment Association of Metro Denver’s Hall of Fame and continues to receive accolades from numerous organizations.
In addition to his work, Mr. Hawks has been a speaker on the topic of multifamily brokerage and ownership. He has spoken for the National Multi Housing Council, NAIOP, the Apartment Association of Metro Denver, University of Colorado, Colorado Real Estate Journal, University of Denver, National Tenant in Common Association, National Apartment Association and the Urban Land Institute. Jeff and Cinnamon, his wife of 44 years, reside in Colorado, Rhode Island and Arizona. They spend their time with their children and grandchildren. In addition to real estate they continue to focus their efforts on charity and the development of sober living communities.
Lee Edward Wolf of Colorado Springs, CO is an experienced specialist in the field of apartments. He has served as a member of the Development Team in the construction of over 2500 new units. These units have been market rate and affordable. One of his areas of expertise is the Low-Income Housing tax Credit Program.
In addition, he has conducted Market Feasibility Studies and Product Profiling’s for over 20,000 apartment units in 8 states in the Mountain West.
Commissioner Steve O’Dorisio brings a wealth of information to his role in Adams County. He uses his experience in construction, his law degree from Denver Sturm College, and private sector global management experience to guide issues in social justice, equity, and neighborhood prosperity.
Commissioner O’Dorisio formally served the people of Adams County as a Deputy District Attorney for the 17th Judicial District of Colorado where he prosecuted a variety of crimes and sought justice by balancing the interests of the victim, the community, and the defendant. He continuously strives to make sure vulnerable residents have opportunities and everyone has a voice.
Commissioner O’Dorisio serves on various community boards, including the Denver Regional Council of Governments, Aerotropolis Regional Transportation Authority, and Highway 7 Coalition. When he is not bolstering regional connectivity, Commissioner O’Dorisio can be found innovating new strategies to retrofit historic neighborhoods with sidewalks and safe routes to school or guiding the successful adoption of policies to mitigate the impacts of growth and new development.
As a former agent of justice, Commissioner O’Dorisio is a compassionate servant of equity in social justice issues. He has a passion for proactive code compliance that partners with neighborhoods and he works to ensure the Criminal Justice Coordinating Council meets the needs of our residents.
Minimum Offering: $12,000,000
Minimum Subscription: $10,000 (10 Units)
Blueprint OZ Fund LP (the “Company” or the “Fund”), a Colorado Company, is offering a minimum of 12,000 and a maximum of 250,000 Limited Partnership Units (or “Limited Partnership Interests”) for $1,000 per Unit.
Please complete the contact form and we will get back to you about any questions you have about our offering.
Blueprint OZ Fund LP — 2951 W. 91st Place — Federal Heights, CO 80260 — firstname.lastname@example.org — 720-443-4265
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