CHPL Real Estate, LLC
Class C LLC/Membership Interests (non-voting)
CHPL Real Estate LLC, CM Development Partners, LLC
Targeted Hold Term
10 years +/-
Targeted distribution of 10% per year, paid out quarterly.
In addition to the Co-Founders Matt & Brooks, an all-star development team has been assembled:
Nearly 80% of the homes in the area are investor-owned as Poe Mill is one of the last neighborhoods to feel the burn of gentrification. This building has been vacant since Taylors Windows moved out in 2017 and the previous owner failed to lease it as industrial space. Originally a bakery for the village, the redevelopment, and revitalization of this central location has the potential to increase the quality of life in the Poe Mill community.
The Poe Mill village community began with a promising spirit in 1895, around a textile mill built by Francis William Poe. The community began to decline after the mill closed in 1977, and eventually burned down in 2003.
The Poe Mill community is one of the few close-in neighborhoods with very little previous investment or growth opportunities. The Poe Mill community is a predominantly Black and Latinx under-resourced community in Greenville County that holds a strong, largely untapped spirit of resilience.
Big news! Brice Smith, the CEO and Founder of InvestiNet (our next door neighbor at Chapel), has agreed to match the next $50,000 of investment into Chapel's crowdfunding campaign. We're proud to count him not only as an owner, but a true partner and very good neighbor. If you own stock, have been looking for ways to diversify, or just want to have a say in what is built in your city, we hope you'll consider joining us on this journey.
Here's the current state of the future restaurant space. Some beautiful light, great character - its going to be a special part of the project
"We're excited to have places people can gather, hopefully markets and things like that where people in the neighborhood could have jobs. It could be a real work, live, play community."
- Jerry Blassingame, Founder/Developer at Soteria CDC
"When developers like Matt come in with a CHAPEL project and his first question is 'What type of services do you need in the neighborhood?' versus a 'Here, I'm coming with this project and this is what I want.' That's just a different mentality that we as a community - going through the things and issues that we're going through and looking for the partnerships we're looking for - that's what we want to hear."
- Kwadjo Campbell, President of Po Mill, Neighborhood Association