BLACK BULL INVESTMENTS
REAL ESTATE WITH IMPACT
SPECIALTIES.
EQUITY & MULTIFAMILY
OUR MARKETS.
Black Bull Capital targets a dual strategy across select markets: we pursue high-equity urban cores and supply-constrained infill zones ideal for new development and premium exits, while also investing in high-growth submarkets with strong population inflows, job expansion, and long-term cash flow upside. This balanced approach allows us to capture both near-term value creation and durable income through strategic market positioning.
OUR LOCATIONS.
Black Bull Capital targets two distinct market types: premier Class A locations for equity-driven plays with institutional exit potential, and booming submarkets for long-term holds with strong cash flow upside. This dual strategy delivers risk-adjusted returns through strategic positioning, value-add execution, and disciplined asset management.
DISCLAIMER.
Don’t distribute without permission from Black Bull Capital. This information is authorized for use only by a limited number of persons with an existing relationship with Black Bull Capital and who are accredited investors. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the real estate interests in these property packages or passed upon the adequacy or accuracy of the information shown. Any representation to the contrary is a criminal offence. This material does not constitute an offer or a solicitation to purchase securities. An offer can only be made by the private placement memorandum.
OUR TARGETS.
Black Bull Capital targets a minimum 15% average annual return (AAR) and a 2.0x equity multiple over a 5-year horizon. Equity-driven plays are structured for accelerated value creation, typically carrying a higher AAR, shorter hold period, and potential preferred returns to reward early risk.
In contrast, long-term holds are built around durable cash flow, strong market fundamentals, and operational excellence, with a heavier focus on management, tenant experience, and capturing growth through compounding income and asset appreciation.
BLACK BULL STRATEGY
EQUITY PLAY
JV TARGETING 20% AAR
CASH-FLOW
GP TARGETING 15% AAR
DEVELOPMENT
SEATTLE TEAM
OPERATIONAL
SUBMARKET TEAM
MARKETS
URBAN CORES & GROWTH