Black Lives Matter Pours $1M Into Former Black Panther Leader's Low-Income Apartment Project

BLM is no stranger to real estate. The embattled charity quietly embarked on an international real estate buying spree after raising $90 million during the George Floyd riots in 2020. The group snagged a $6 million mansion in Los Angeles in October 2020 and footed the bill for its Canadian affiliate to purchase another $6 million mansion in Toronto in July 2021. The group's cofounder, Patrisse Cullors, got in on the action in March 2021 when she purchased a $1.4 million home in a secluded, majority-white Malibu neighborhood. But those purchases, and the excessive contracting fees that Cullors doled out to her friends and family with charitable funds, came at an immense cost for Black Lives Matter. The group bled cash, suffered blistering investment losses, and saw its revenues plummet by 88 percent in its 2022 tax year after the public caught wind of the transactions, the Washington Free Beacon reported.