Private Real Estate Investments

IN THE BLACK.

We turn historic buildings into modern wealth.

A real estate private equity firm. We restore irreplaceable historic buildings, deploy our own capital in every deal, and invest alongside a select group of accredited investors.

How We Work Request an Invite →

The Thesis

Historic Assets.
Modern Yields.

IN THE BLACK is a real estate private equity firm. We acquire and restore irreplaceable historic buildings, deploy our own capital in every deal, and open a limited number of positions to accredited investors — accessing an incentive stack most investors never reach.

Incentives

We bring capital to projects backed by incentives. Where it fits, we go further — partnering in joint ventures to provide the incentive financing itself.

Historic Tax Credits TIF PACE Property Tax Abatement Construction Sales Tax Abatement Energy Tax Credits Income Tax Strategy Pass-Through Losses
01

Per-Deal Transparency

One investment at a time, never a blind pool. You see the building, the numbers, and the plan before you commit a dollar.

02

Recorded Security

Every position is backed by a recorded Deed of Trust and closed through a title company — your stake is recorded, not promised. Each deal is structured and pressure-tested by our attorneys, MBAs, and former incentive-agency staffers before it ever opens.

03

Local Focus

We invest where we stand. Local buildings on local blocks, restored to anchor the streets they sit on.

How We Work

Built by bankers
and architects.

An investment firm first. We bring the discipline of private equity together with attorneys, MBAs, former incentive-agency staffers, preservationists, and architects — we underwrite like a private equity firm and build like architects.

01

Historic Restoration

We acquire irreplaceable buildings and restore them to last — assets that outlive markets and pay the whole way.

02

Capital Stack Engineering

Layered on the right building, the incentive stack can double or triple a project's return:

Historic Tax CreditsTIFPACEProperty Tax AbatementConstruction Sales Tax AbatementEnergy Tax CreditsIncome Tax StrategyPass-Through Losses
03

Curated Investment Group

We open one building to a small, curated group of investors at a time. Secured, walked through personally, and never a blind pool.

“Cash sits still. Wealth should not.”

Accredited Investors

Now accepting a select few.

We deploy our own capital in every deal and invite a limited number of accredited investors to invest alongside us — one building at a time. If a building fits you, we walk you through it personally.

Pipeline

Completed. And coming.

A rolling pipeline of historic restorations across Kansas City — each one fully capitalized. Access to what's coming is shared privately.

Completed · 100% Capitalized The Monarch — historic restoration in Kansas City

The Monarch

Kansas City · Apartments

A landmark historic high-rise restored into income-producing residences, with the full incentive stack engineered into the capital plan.

Completed · 100% Capitalized The Wonder Shops + Flats — mixed-use restoration in Kansas City

The Wonder Shops + Flats

Kansas City · Mixed-Use

A historic mixed-use restoration — ground-floor shops with flats above — anchoring its block and paying durable income.

Completed · 100% Capitalized 800 Broadway — the 1903 Harvey-Dutton building restored into historic lofts in Kansas City

800 Broadway

Garment District · Historic Lofts

The 1903 Harvey-Dutton dry-goods building — a National Register landmark in the Garment District — restored into historic lofts.

Completed · 100% Capitalized 929 Walnut — downtown Kansas City office-to-residential restoration

929 Walnut

Downtown · Office-to-Residential

A downtown office building converted into modern residences over ground-floor commercial — density delivered faster and greener.

Completed · 100% Capitalized The Dairy — the historic Aines Dairy restored into lofts near Martini Corner, Kansas City

The Dairy

Martini Corner · Aines Dairy

The historic Aines Dairy plant near Martini Corner, restored into roughly fifty lofts with neighborhood retail.

Coming Soon

Not Yet Announced

Kansas City · By Invitation

Our next restoration. Request pipeline access to be introduced before it reaches the public.

Request Pipeline Access →

Tell us a little about your goals and we'll share what's next, privately.

The Way In

This isn't
for everyone.

But you're here for a reason. Maybe you're a business owner staring at a federal tax bill you'd rather put into real estate you actually own. Maybe it's something else. Tell us — and make the case for why we should invite you in. Most of our investors come for one of these:

  • Wealth preservation and growth
  • Ongoing dividends — income that shows up like a mailbox check
  • The security of real assets and depreciation
  • A better home for a federal tax bill — own real estate instead of writing the check
Inquiries
invest@investintheblack.com
Office
Kansas City, Missouri
Investment Capacity $1M
$500K$5M+
What are your goals?

By invitation only. We open one building to a small circle at a time and respond personally.