The NY Post released an editorial alleging that the head of the New York City Black Lives Matter Chapter is asking for an investigation into Co-Founders $3 Million dollar Real Estate Shopping spree.
Read below Via The NY POST.
As protests broke out across the country in the name of Black Lives Matter, the group’s co-founder went on a real estate-buying binge, snagging four high-end homes for $3.2 million in the US alone, according to property records.
Patrisse Khan-Cullors, 37, also eyed property in the Bahamas at an ultra-exclusive resort where Justin Timberlake and Tiger Woods both have homes, The Post has learned. Luxury apartments and townhouses at the beachfront Albany resort outside Nassau are priced between $5 million and $20 million, according to a local agent.
The self-described Marxist last month purchased a $1.4 million home on a secluded road a short drive from Malibu in Los Angeles, according to a report. The 2,370 square-foot property features “soaring ceilings, skylights and plenty of windows” with canyon views. The Topanga Canyon homestead, which includes two houses on a quarter acre, is just one of three homes Khan-Cullors owns in the Los Angeles area, public records show.
Some fellow activists were taken aback by the real estate revelations.
Hawk Newsome, the head of Black Lives Matter Greater New York City, called for “an independent investigation” to find out how the global network spends its money “If you go around calling yourself a socialist, you have to ask how much of her own personal money is going to charitable causes,” he said. “It’s really sad because it makes people doubt the validity of the movement and overlook the fact that it’s the people that carry this movement.”
Last year, Khan-Cullors and spouse Janaya Khan ventured to Georgia to acquire a fourth home — a “custom ranch” on 3.2 rural acres in Conyers featuring a private airplane hangar with a studio apartment above it, and the use of a 2,500-foot “paved/grass” community runway that can accommodate small airplanes.
The three-bedroom, two-bath house, about 30 minutes from Atlanta, has an indoor swimming pool and a separate “RV shop” that can accommodate the repair of a mobile home or small aircraft, according to the real estate listing.
The Peach State retreat was purchased in January 2020 for $415,000, two years after the publication of Khan-Cullors’ best-selling memoir, “When They Call You a Terrorist.”
In October, the activist signed “a multi-platform” deal with Warner Bros. Television Group to help produce content for “black voices who have been historically marginalized,” she said in a statement.
It is not known how much Khan-Cullors received in compensation in either deal.
Khan-Cullors began her buying spree in L.A. in 2016, a few years after the civil rights movement she started from a hashtag — #blacklivesmatter — with fellow activists Alicia Garza and Opal Tometi began to gain traction around the world.
That year, she bought a three-bedroom, 1.5-bathroom home in Inglewood for $510,000.
Two years later, in 2018, Khan-Cullors purchased a four-bedroom home in South Los Angeles, a multi-ethnic neighborhood. Khan-Cullors paid $590,000 for the 1,725 square-foot home, although the price has since climbed to $720,000, according to public records.
Three of the homes were bought in Khan-Cullors’ name, and the Topanga Canyon property was purchased under a limited liability company that she controls, according to public records cited by “Dirt,” the real estate blog that first reported the March 30 purchase.
Last year, Khan-Cullors and Khan were spotted in the Bahamas looking for a unit at the Albany, a real estate source who did not want to be identified told The Post. The elite enclave is laid out on “600 oceanside acres” and features a private marina and designer golf course. Current homes for sale include a nearly 8,000 square-foot, six-bedroom townhouse with a media room and marina views.
What are your thoughts?
UPDATE: Patrisse Cullors responds to criticism about her home purchases: