TPP Preventative Health Hub Real Estate Land Fund, LP
506(c) Offering Platform
INTRODUCTION TO OUR COMPANY
TPP Preventative Health Hub Management Group, LLC is a black-led social impact private equity fund manager and healthcare real estate development firm based in Philadelphia, Pennsylvania, formed to create impact investment opportunities that build wealth while rebuilding blighted and underserved black neighborhoods within “certified qualified opportunity zones”.
TPP is on a mission to change the face of black health by investing in and transforming as many as five urban blighted and underserved black neighborhoods into integrated and scalable, compact, dense and community, health, and wellness-centric focused districts over the next 5 years. TPP is led by real estate, building design, entitlement, social impact design and construction professionals who bring a combined 90 years of experience in the Philadelphia real estate market.
TPP is seeking high-net worth individuals, family offices, foundations, retirement systems, pension funds, endowments, corporations, insurance companies, philanthropists, fund of funds, banks (for CRA credits) and social impact investors to partner and invest in a black-focused initiative to build black health, healthcare, health and wellness into the architecture of black neighborhoods.
For its neighborhood transformation, TPP put together a “land fund” with a $17M target that will transform seven (7) census tracts. Three (3) census tracts (42101020101, 42101020102 and 42101017300) in Philadelphia County, Philadelphia, Pennsylvania USA adjacent to Temple University Health Science Campus, One (1) census tract (42101015200) in Philadelphia County, Philadelphia, Pennsylvania USA adjacent to Temple University Main Campus and three (3) census tracts (12031017200, 12031001200, 12031000600) in Jacksonville, Florida within the downtown urban core.
The partnership is capitalizing on the parcel assembly work conducted by key principals of senior management over the last five years. TPP currently has site control and a pipeline of over Forty-four (44) plus ground-up new construction projects within these “federal certified qualified opportunity zones” which addresses multiple housing and retail needs while driving positive social, environmental and economic change.
Currently, TPP is offering accredited individual and institutional investors the opportunity for immediate investment in an opportunity zone fund:
- TPP Preventative Health Hub Real Estate Land Fund, LP
The TPP Land Fund Partnership has six goals:
- To create attractive returns for accredited individual and institutional investors by converting underutilized vacant land with existing public utilities into much needed Health Care Real Estate, Multifamily, Mixed-Use, and Commercial properties. The investment opportunity is structured to combine principal investment growth and elements of capital preservation.
- To provide a vehicle for our accredited investors to reduce realized and unrealized capital gains plus pay 0% capital gains on the new gains generated from the investment. This is achieved because our Opportunity Fund target projects are in blighted urban neighborhoods or “certified opportunity zones” that are now eligible for breaks created by the 2017 federal tax overhaul.
- To revitalize the first pilot Preventative Health Hub® “Tioga District” in the Tioga neighborhood in Upper North Philadelphia, Pennsylvania adjacent to Temple University Health Sciences Campus (TUHSC) which spans four city blocks on Broad Street from Allegheny to Venango streets. The campus is home to Temple University Hospital, a teaching hospital; Lewis Katz School of Medicine; School of Pharmacy; Maurice H. Kornberg School of Dentistry; College of Public Health and Shriners Children's Hospital. Buildings and facilities cover some 20 acres.
- To revitalize the second Preventative Health Hub® “Tioga District Diamond” near Temple University Main Campus.
- To revitalize the third Preventative Health Hub® “Tioga District Jacksonville” in Jacksonville, Florida downtown urban core onsite or near St. Vincent's Medical Center, Baptist Medical Center, Baptist MD Anderson Cancer Center, and Wolfson Children's Hospital and UF Health Campuses.
- To catalyze a holistic community social and economic impact approach by providing facilities that build businesses, create in-demand jobs, and increase access to basic services such as primary + specialty care, culinary medicine, healthy food, housing, broadband and education.
This private placement memorandum available through this portal outlines the strategies for executing on these opportunities and the pertinent details regarding investment in TPP Fund securities.
"The time is always right to do what is right."
TPP Preventative Health Hub Real Estate Land Fund, LP
506(c) Offering Platform
Pilot Target Market Area
TPP has identified compelling market opportunities in the three (3) census tracts 42101020101, 42101020102 and 42101017300 adjacent to Temple University Health Sciences Campus (TUHSC) in Philadelphia County, Philadelphia, Pennsylvania USA just three miles north of Center City. Major positive indicators are 1) proximity to Temple University Health Sciences Campus, 2) expanding transit infrastructure, 3) increasing K-12 education options, 4) economic and demographic growth momentum, 5) a politically favorable development environment, and 6) national pressure to build businesses, create in-demand jobs, and increase access to basic services such as primary + specialty care, culinary medicine, healthy food, housing, broadband and education.
Demand for housing near workplace:More than 10,000 people work on or near the Temple University Health Sciences Campus (TUHSC) which spans four city blocks on Broad Street from Allegheny to Venango streets. The campus is home to Temple University Hospital, a teaching hospital; Lewis Katz School of Medicine; School of Pharmacy; Maurice H. Kornberg School of Dentistry; College of Public Health and Shriners Children's Hospital. Buildings and facilities cover some 20 acres. At present, the surrounding area offers no attractive options for graduate students, moderate- or higher-income employees to live near their workplace.
Convenient public transportation:Existing transit options make it easy for residents to get to and from Center City without a car. The investment area is bookended by two Broad Street Line subway stations: Erie to the North and Allegheny to the South. The Erie station offers express service to Center City. SEPTA's bus routes 4 and 16 serve Broad Street. Two blocks south of the investment area are SEPTA's North Broad Regional Rail station and Amtrak's North Philadelphia station. A New York investment group is planning for a $162M redevelopment project adjacent to North Philadelphia station.
Increasing K-12 education options:In addition to the public elementary school in Tioga (Kenderton K-8), Mastery Charter Schools operates two nearby elementary schools (Grover Cleveland K-8 and new for 2018-19, Mastery Prep K-2), a middle school (Gratz Prep) and a high school (Simon Gratz). Next Generation Ministries operates a private Christian school (Spring Garden Academy PreK-8). A new, $40M Cristo Rey High School was just completed in Tioga at 17th & Allegheny. This independent Catholic school follows a work-study model in which students earn money toward tuition through part-time employment at a partnering business.
The phase I primary five-city square block investment area is roughly bordered by N. Broad St. on the eastern end, Allegheny Ave. on the southern end, N. 18th St. on the western end and W. Erie Ave on the northern end.
"Our proprietary investment strategy is focused on scale, speed and a holistic community impact approach to real estate development."
"Our all-in-one solution will reduce the social determinants of health and disparate burdens of chronic medical conditions, implement critical infrastructure and regional development strategies, and advance bottom-up economics and regional prosperity"
TPP Preventative Health Hub Real Estate Land Fund, LP
506(c) Offering Platform
Social, Environmental and Economic Impact
The neighborhood adjacent to Temple University Health Sciences Campus (TUHSC) is home to 85.5 percent black population all living amidst vacant houses, stores, and lots. The health of this community has been forgotten where 43 percent live in poverty, $17,052 is the median household income, 45 percent have high blood pressure, 77 percent have high cholesterol, 43.3 percent obesity, 19.3 percent diabetes and 18 percent were unemployed pre-COVID-19. The leaders of TPP envision a different Neighborhood within 3-5 years; an appealing community which people of varied income levels live, learn, work and play.
In addition to the planned investor-funded new real estate developments, TPP intends to catalyze positive social, environmental, and economic impacts within its Opportunity Zone by forming coalitions. Each coalition is a collaborative partnership between TPP and residents, community groups, political leaders, business owners, foundations, corporations, nonprofits, philanthropists, social impact investors, developers, academia, lending institutions, city, and state agencies.
TPP is committed to nine core areas of impact:
Workforce Housing
To address the housing affordability crisis, TPP through its “land fund” will designate at minimum 25% of the units (excluding designated senior housing) as workforce housing that meets the criteria established in Municipal Workforce Housing Initiative's. Workforce Housing is high-quality yet affordable to middle-income workers. Typically, these middle-income workers earn too much to qualify for subsidized housing, but not enough to afford market rate apartments or home ownership in the communities near their place of employment. In addition, TPP will work with strategic partners to develop its own workforce housing program with incentives for health care workers and law enforcement, then teachers, firefighters, emergency medical technicians, active duty military and veterans similar to HUD's Good Neighbor Next Door program.
Healthcare & Medical Research
To address the social determinants of health and disparate burdens of chronic medical conditions, TPP will provide commercial space in TPP Real Estate Land Funds new construction buildings to catalyze two major projects. First we intend to bring a 45,720-square-foot office space for primary care, lab services and specialties like family medicine/pediatrics, women's health (ob/gyn), physical/occupational therapy, optometry, podiatry, dental, pharmacy, chiropractic and metal health. Second, we intend to bring a 31,450-square-foot commercial space for a state-of-the-art multi-venue preventative health tower used culinary medicine, health care/food innovation, food entrepreneurship, research, teaching and nutrition education.
Food and Nutrition
To address the need for fresh food in a community designated a "food desert," TPP will provide commercial space in TPP Real Estate Land Funds new construction buildings to catalyze two major projects. First, we intend to bring an indoor, vertical urban farm to the Neighborhood. The farm will be ground-up new construction. Second, we intend to develop a 150,000 SF fresh food hub on and around N. 17th Street (Erie to Allegheny), the designated community commercial corridor. The hub will include a community farmers market that rents retail space to 20-30 individually owned and operated real outlets offering fresh produce, fish, meats and healthy prepared foods. We envision that the hub will become an anchor for redevelopment.
Jobs and Social Enterprise
To create jobs and attract social enterprises, TPP intends to catalyze several major projects. We will work with community partners and established operators to create an indoor, vertical urban farm, a commercial kitchen and a café inside the fresh food hub. Selected operators will train and employ local residents, and teach leadership and life skills along with job skills. We also plan to provide grants that help socially responsible blacks-, woman- and veteran-owned small businesses to open retail outlets in the fresh food hub. Grants to qualifying business owners will cover architectural design fees and the build-out of their retail space. In addition, TPP will provide commercial space in TPP Real Estate Land Funds buildings to create co-working office space that attracts companies and individuals working in healthcare, food innovation, research and smart neighborhood technology.
Financial Inclusion
To address Housing and Economic Stability, TPP will catalyze ongoing community engagement, outreach for existing residents and area black owned small businesses. Specific goals of the initiative are to: 1) transition long-term renters to homeownership, 2) work with seniors to determine their needs and explore housing options, 3) attract health care workers, teachers and other service workers by offering housing subsidies and 4) create a pool of funds to fund business lease and fit-out subsidies for new and existing black owned small businesses that plan to lease between 250 – 5,000 square feet of new, market rate, first floor office, industrial or retal space for a minimum 5-year team.
Child & Adult Education
An education-focused community, from preschool to PhD, the development project plans to offer a continuum of education that lets students engage in real-time interactions with professors, service workers, entrepreneurs, health care professionals including doctors, nurses and researchers. TPP anticipates: 1) Partnerships that will lead to a university or corporate-assisted PreK-8 public school in the neighborhood; and 2) Partnerships that will result in the development of the area's first dedicated state-of-the-art teaching kitchen (Center for Culinary Medicine) to provides hands-on training for medical students, physicians, nurse practitioners, registered nurses, physician assistants, registered dietitians, pharmacists, certified diabetes educators and foodservice industries in the food hub. The Center will also run a year-round hands-on educational program to empower people who live and work in the area to make healthier food choices and prepare nutritious meals at home.
Energy & Environment
To address energy and environment, TPP will form strategic partnerships to create and deploy a simplistic yet efficient technological and sustainability package that will enhance the value of the funds For Sale Affordable Workforce Housing, Multi-family, Mixed-Use and Commercial assets. In addition, a single integrated technology platform and social network will be customized for the neighborhood offering visitors, people who work in the area, current residents and prospective residents an environment to communicate about everything from local events, volunteer opportunities, new business grand openings to ongoing construction projects.
Environmental Health
To address environmental health, the manager will catalyze two major projects. First, we intend to use grants to fund a gateway greening and improvement pilot project along N. Broad to N. 17th Street on Ontario, 3300 Block of N. 16th and 17th Streets. The pilot funding intends to implement select design tactics and short term, intermediate and long-term recommendations (from the N. 17th Street Commercial Corridor Plan) for new sidewalks, trash receptacles, installation of vegetation, cameras, street furniture, trees, enhanced street lighting, security cameras, wayfinding signage, public art and bike lanes. Second, we intend to purchase select corner vacant lots on high traffic streets for pocket parks and green space.
Arts & Culture
To address environmental health, the manager will catalyze two major projects. First, we intend to use grants to fund a gateway greening and improvement pilot project along N. Broad to N. 17th Street on Ontario, 3300 Block of N. 16th and 17th Streets. The pilot funding intends to implement select design tactics and short term, intermediate and long-term recommendations (from the N. 17th Street Commercial Corridor Plan) for new sidewalks, trash receptacles, installation of vegetation, cameras, street furniture, trees, enhanced street lighting, security cameras, wayfinding signage, public art and bike lanes. Second, we intend to purchase select corner vacant lots on high traffic streets for pocket parks and green space.
"Leaders become great, not because of their power, but because of their ability to empower others."
TPP Preventative Health Hub Real Estate Land Fund, LP
506(c) Offering Platform
Fund Management
TPP Preventative Health Hub Management Group, the “fund” General Partner is currently managed by seasoned real estate, building design, entitlement, social impact design and construction professionals dedicated to the success of the Fund and efficient execution of its planned operations within “certified opportunity zones”.
Anthony B. Miles
Principal
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A Philadelphia native and decorated Navy veteran, Anthony B. Miles has worked in urban real estate development and construction for more than 17 years. By successfully deploying the same strategies driving the TPP Fund, he previously revitalized a section of the Francisville area where he grew up, converting it from blighted and stagnant to a thriving and desirable community. His success has fueled his passion for combining wealth creation for investors with the social mission to transform as many as five urban blighted and underserved black neighborhoods into integrated and scalable, compact, dense and community, health, and wellness-centric focused districts over the next 10 years. Mr. Miles' real estate experience has included rehab and ground-up construction involving most product types and several markets. His responsibilities have included site selection, assembly, entitlements, tax abatements, design, master planning, construction management, legal, finance, asset disposition and community engagement. Mr. Miles is also a small business coach, international speaker and author of personal finance self-help books, articles and reports. Since 1998, he has mentored the owners of 3,000 small and medium sized businesses and helped 9,000 nonprofits with sponsor recruitment. In addition, he is a Certified Lodging Owner involved in limited service hotel acquisitions. Mr. Miles started his career with a public housing authority in Pennsylvania, where he oversaw construction and maintenance for 1,600 residential units and supervised 50 employees and subcontractors. A decorated veteran of the United States Navy Nuclear Submarine Force, he majored in Electrical Engineering at Penn State University and in Education, Training & Development at Southern Illinois University.
Clinton Bush
Principal
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Clinton Bush oversees all strategic initiatives and works directly with Anthony Miles to ensure TPP's proprietary investment strategy reaches the organization's goals of scale, speed, and holistic development.
Clinton and Anthony have a 40-year working history developing strategic initiatives.
Mr. Bush is a real estate investor, an innovative food accelerator developer, and a social impact designer. He also is a well-rounded executive with 35 years as a chief strategist working with governors and mayors coast to coast on national best practice models, with a track record for improving business operations from food to real estate.
Mr. Bush's charismatic style and innovative pioneering approach in food product development and culinary creations captured attention and gained partnership from some of the leading universities, institutions in food science, food technology companies, and manufacturers such as Cornell University's Food Science Department, Penn State University's Food Science Department, St. Joseph University's Food Marketing Department, Thinking Foods Inc., David Michael & Co. and Pennford Food Ingredients.
Mr. Bush has worked with renowned food scientists, chefs, food executives, and food industry leaders on a national and global basis.
A serial entrepreneur, retired restauranteur, and philanthropist at heart, Mr. Bush has donated over $500,000 to schools and non-profits.
Mr. Bush attended Cheney University, and is a graduate of the Tuck School of Business at Dartmouth College and Penn State University's Food Science Ice Cream Course.
Doris J. Harris
Principal
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Ms. Harris is a Cresent City, Florida native has extensive knowledge in lot consolidation, subdivisions, zoning codes, zoning appeals, civic design review and building permits, gained during 11 years of industry experience in multifamily and mixed-use entitlements. She has served as Director of Entitlements & Tax Abatements for numerous investor groups and has been directly involved in the management of 50 multi-unit, commercial and mixed-use entitlements projects and tax abatement approvals. Giving back to the community is a priority for Ms. Harris, as evidenced by her nine years as Founder and Executive Director of the Louis E. Harris Center for Youth, Inc. and her involvement with Miles International, which trains nonprofit leaders worldwide to secure funding from corporations.
Alexis Miles
Principal
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Alexis Miles is a Bainbridgle Island, WA native and leads the development and implementation of our social and environmental impact strategies and their alignment with corporate strategy. Alexis plans, tracks and reports impact metrics and outcomes across all nine core sectors of community revitalization. She also cultivates and manages local, regional, and national collaborations and strategic partnerships focused on increasing social impact and improving outcomes in the target market area. Ms. Miles is CEO of Tax Abatement Today, LLC, a minority owned company that works with large and small developers of multifamily and commercial real estate to secure their City of Philadelphia 10-year tax abatements and building permits. Ms. Miles is a Pennsylvania licensed real estate agent. She attended Robert Morris University and Drexel University, where she studied Hospitality Management.
Adam Spivak
SPIVAK TIOGA HEALTH LLC
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Adam Spivak has over 10 years' experience in Multifamily and Mixed-Use land use development in downtown urban cores in Philadelphia, New Jersey, and Florida. Adam is a partner in a prominent investment group who have overseen entitlement projects from 60 townhomes along Philadelphia's Delaware River to 70-unit, multi-building residential complex.
Hal Shaffer
SJGR TIOGA HEALTH LLC
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ounder and CEO of Buckss, Hal has over 25 years of experience in the financial services sector. Hal was Chairman of several financial institutions and niche finance companies while focusing on the online lending Fintech space in Florida for the last 10 years. Hal is the founder of Shaffer Real Estate Group a niche real estate development company that advises commercial real estate clients and business owners on how to source debt and equity for various projects in the states of Florida, Pennsylvania, and New Jersey. Hal has secured over $250M in funding since inception. Hal also holds a Juris Doctor from Temple University School of Law.
Strategic Partners
TPP Preventative Health Hub Management Group has entered into strategic alliances with top industry professionals and prominent companies, some of which are highlighted here. TPP is seeking additional alliances and partnerships with city government, community groups, economic development groups, educational institutions, nonprofit organizations, businesses and corporations interested in enhancing quality of life in the seven census tracts we serve.
Fund Administrator
IRA Custodian
Leasing, Property Management & Asset Disposition
Social Impact Measurement
Healthy Town Tioga is a program of the Urban Affairs Coalition
Have a question about our offering?
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TPP Real Estate Development Fund, LP — Anthony Miles — 30 South 15th Street, 15th Floor, MB 37 — Philadelphia, PA 19102 — (267) 307-7878
TPP Preventative Health Hub Real Estate Land Fund, LP
506(c) Offering Platform
So Much More than what you See
Through the TPP Preventative Health Hub Real Estate Land Fund, LP 506(c) Investor Portal, an accredited individual or institutional investor can become approved as a prospect and learn more about our investment opportunity.
Approved prospects can:
- Access to the Private Placement Memorandum, which outlines our comapany and gives greater detail about our offering. Download a PDF to review on your time, read the ebook presentation online or request a hard copy of the documents;
- Access to our SEC filing. Download a copy for your records or visit the sec.gov website;
- View real time offering metrics of where we are in the offering process;
- View the timeline of where you are in the investment process;
- View company contact information and send emails directly to the administrator;
- Easily upgrade to "investor" through the click of a button.
When you upgrade to investor, you gain additional access, as follows::
- The ability to download subscription documents for completion;
- Document upload of subscription and accredidation documents;
- Specific process information for investing and instructions on transfer of investment funds;
- Access to quarterly and annual reports;
- Access to Financial documents;
- Access to Supporting Documents;
- Access to Asset Portfolio;
- Access to News articles written by the company for the investors;
- Access to documents that you have uploaded and have been uploaded to your account.
