Wegen is building a platform designed to connect the
underserved minority real estate ecosystem to combat
gentrification for communities throughout the US. The
platform will be used to provide investment opportunities
for minority investors seeking to build out a portfolio of
diversified real estate projects in their communities.
Concurrently, property owners and developers will have
access to a source of capital to execute new developments
in these areas and partner with local real estate
development service providers.

Minority Landowner/ Real Estate Developer:

Minority landowners/ real estate developers have been historically suppressed when
raising capital and receiving bank financing to execute a real estate development. This has
resulted in these individuals selling properties for par and less than its fully developed
value.

Minority Real Estate Development Service Companies:

In the market today, HUB (Historically Underutilized Business) certified service providers
only receive ~20% of the total project allocation in the construction industry. Due to the
limited opportunity, service companies are hindered from growth and ultimately minimizes
its ability to provide jobs in the communities it serves.
In 2018, Texas Construction GDP was worth $94 Billion; that ranked second to California for
U.S. totals. While that number may be large, Texas HUB participation only accounts for $1.4
Billion; roughly 1%. African American Men and Women have only accounted for roughly
10% of the overall contracts won through the HUB process. We plan to partner with these
companies throughout the state and country, to ensure they receive more opportunities.

Minority Investor:

Historically, minority investors have been shielded from opportunities to invest in private
ventures given the accredited requirement for investing in securities. To be an accredited
investor, a person must have an annual income exceeding $200,000, or $300,000 for joint
income for the last two years with expectation of earning the same or higher income in the
current year. Given the systematic inequalities and income disparities, minorities are less
likely to meet the income requirements to be deemed accredited, which minimizes the
opportunities to generate generational wealth.

Landowners

Landowners are individuals who are seeking guidance in developing property they currently own. This individual will use the platform to engage a Wegen representative to receive a plan to renovate or develop the landowner’s existing property to provide the best economic and social return for the community. In addition, this individual will have access to a pool of investors readily available to support the project cost.

Developers

These users have already exhibited a successful track record of executing on various real estate development projects. This group will be seeking to utilize the platform to access capital and engage service providers that are required to complete the desired project. Each project will be assessed by a certified Wegen representative prior to the user receiving investment.

Investors

These individuals will have access to an array of investment opportunities in various geographies throughout the US that yield higher returns compared to typical public investment. Each investment opportunity will seek a rate of return of >15%. Real Estate Development Service Providers (eg. General Contractors, Architects/Engineers Realtors, and Appraisers)

The platform will be building a database for these individuals to have access to support the development of each project executed by Wegen. Each service provider will be fully certified by Wegen representatives to provide the best service for the landowners and developers to execute each project cost effectively and efficiently.

1. The platform will build out a data base of investors and individuals in the real estate development supply chain to provide developers and landowners quick access to the financial resources needed to execute each project.
2. Landowners and developers will have access to capital to execute projects that align with the needs of their community.
3. Each project will be supported by at least >50% of HUB certified service providers to increase the number of opportunities for these companies compared to the standard 20% in the market.