Information packet
Get the packet
Four short steps: what the fund plans to do, what the packet covers, who can invest and how investing will work. Then request the packet and download it right away.
Read each step, then fill in the form at the bottom.
Step 1 of 5
The plan
Brownsville Fund is a planned private real estate fund focused on Brownsville, Texas, sponsored by Correll Lashbrook. The fund and its manager are not yet formed.
- Own real estate in and around Brownsville, Texas
- Real estate only, with no stakes in operating companies
- Every purchase approved by the manager under a written investment policy
- Regular written reports to investors
Why Brownsville: four facts about the city, with sources. They describe the city, not the fund.
Step 2 of 5
What the packet covers
- The plan in more detail
- Preliminary terms: the minimum, the fees and the manager's share of profits
- Who runs the fund, and the conflicts of interest to know about
- How investing will work, step by step
- The main risks
The terms are preliminary and can change. The fund's final offering documents will set the terms and will control over the packet and this site.
Step 3 of 5
Who can invest
Only accredited investors, as defined in Rule 501(a) of Regulation D. For most people that means:
- Income over $200,000 a year ($300,000 with a spouse or live-in partner) in each of the last 2 years, and the same expected this year, or
- Net worth over $1 million, alone or with a spouse or live-in partner, not counting your primary home, or
- A Series 7, 65 or 82 license in good standing
Some entities, trusts, family offices and institutions also qualify. Before accepting any investment we verify accredited status, for example from tax forms or recent account statements, or with a letter from your CPA, attorney, broker-dealer or SEC-registered investment adviser. Checking a box is not enough.
Step 4 of 5
How investing will work
- Get the packetToday, right after the form.
- Talk with the sponsorOptional. A short call about the plan.
- Read the offering documentsWhen they are final. They set the strategy, terms, fees and risks.
- Verify your statusTax forms, account statements, or a letter from your CPA, attorney, broker-dealer or SEC-registered investment adviser.
- SubscribeSign the subscription documents and fund your investment to the fund's own bank account.
We are not accepting money or commitments now. No money changes hands before step 5, Subscribe.
Step 5 of 5
Request the packet
Takes about a minute. The download opens on the next page.