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The Crosstown neighborhood is a vibrant commercial and residential district anchored by Crosstown Concourse, a 1.3 million square foot vertical village that includes 265 residential units, a public charter school, a YMCA, health care facilities, restaurants, shops, and a 425-seat theater. Adjacent to the Concourse is a local brewery and a new 1,300-seat live music venue operated by Live Nation.In June 2026, Belle Mont Phase 1 opened to the public with 23 for-rent townhomes consisting of nineteen (19) 1-bedroom units and four (4) 2-bedroom units built around an interior courtyard and green space. On-site parking is provided at a ratio of one space per unit and is secured by a vehicular gate. Through a strong public/private partnership with the City of Memphis, Belle Mont is able to offer these rental units to residents earning 80% or more of the Area Median Income (AMI). Within 60 days of opening, Belle Mont was 43.5% leased and 35% occupied, with strong demand for the 2-bedroom units.Phase 2 of Belle Mont plans to build on the success and momentum of Phase 1 by adding 14 new townhomes consisting of ten (10) 2-bedroom units and four (4) 1-bedroom units flanking an interior courtyard space. Secured parking will again be provided at a ratio of one space per unit, consistent with the gated, on-site design of Phase 1.Given the leasing velocity and unmet demand for 2-bedroom units demonstrated in Phase 1 — and the deliberate shift in Phase 2's unit mix toward more 2-bedroom product — Phase 2 represents a low-risk expansion of a proven model in an established, high-demand Midtown submarket. KPS Development Partners (the Sponsor) has secured a term sheet for construction financing with the Phase 1 lender and a $220,000 subordinate loan from the City of Memphis, and is now seeking to raise equity to round out the capital stack for Phase 2 — building on the same public/private partnership that underpinned Phase 1's successful lease-up.","quick_facts":["Belle Mont Phase 2 builds on the traction of Phase 1 with the addition of 14 new townhomes.","A development team with 30 years of commercial experience.","Memphis based developer with intimate market knowledge.","Strong public/private partnerships."]},"computed_metrics":{"total_amount_raised":0,"total_investors":0,"team_size":3,"featured_investor_count":0,"faq_count":0,"recent_post_count":0},"quick_facts":[{"claim_id":"claim-fact-1","value":"Belle Mont Phase 2 builds on the traction of Phase 1 with the addition of 14 new townhomes.","citation":"https://wefunder.com/belle.mont.#claim-fact-1","observed_at":"2026-11-07T23:53:39Z","expires_at":"2026-11-14T23:53:39Z"},{"claim_id":"claim-fact-2","value":"A development team with 30 years of commercial experience.","citation":"https://wefunder.com/belle.mont.#claim-fact-2","observed_at":"2026-11-07T23:53:39Z","expires_at":"2026-11-14T23:53:39Z"},{"claim_id":"claim-fact-3","value":"Memphis based developer with intimate market knowledge.","citation":"https://wefunder.com/belle.mont.#claim-fact-3","observed_at":"2026-11-07T23:53:39Z","expires_at":"2026-11-14T23:53:39Z"},{"claim_id":"claim-fact-4","value":"Strong public/private partnerships.","citation":"https://wefunder.com/belle.mont.#claim-fact-4","observed_at":"2026-11-07T23:53:39Z","expires_at":"2026-11-14T23:53:39Z"}],"latest_fundraise":{"id":173314,"entity_id":"wefunder:fundraise:173314","state":"open","offering_type":"4(a)(6)","structure":"ttw","testing_the_waters":true,"can_invest_now":true,"funding_started_at":null,"funding_closed_at":null},"investor_memos":[],"team":[{"id":6789691,"entity_id":"wefunder:company_role:6789691","name":"Scott Kern","title":"CEO","role":"founder","profile_url":"https://wefunder.com/scott.kern.1"},{"id":6789701,"entity_id":"wefunder:company_role:6789701","name":"Kindle Figlioa","title":"Development Manager","role":"employee","profile_url":"https://wefunder.com/kindle.figlioa"},{"id":6789703,"entity_id":"wefunder:company_role:6789703","name":"Miles Miller","title":"Development Manager","role":"employee","profile_url":"https://wefunder.com/miles.miller"}],"featured_investors":[],"relationships":[{"source_entity_id":"wefunder:company:219811","relation":"has_team_member","target_entity_id":"wefunder:user:5183027","target_url":"https://wefunder.com/scott.kern.1"},{"source_entity_id":"wefunder:company:219811","relation":"has_team_member","target_entity_id":"wefunder:user:5183678","target_url":"https://wefunder.com/kindle.figlioa"},{"source_entity_id":"wefunder:company:219811","relation":"has_team_member","target_entity_id":"wefunder:user:5185488","target_url":"https://wefunder.com/miles.miller"},{"source_entity_id":"wefunder:company:219811","relation":"has_latest_fundraise","target_entity_id":"wefunder:fundraise:173314"}],"faq":[],"recent_posts":[],"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-11-08T16:43:02Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-11-07T23:53:39Z","as_of":"2026-11-08T16:43:02Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-11-07T23:53:39Z","as_of":"2026-11-08T16:43:02Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-11-02T18:40:12Z","as_of":"2026-11-08T16:43:02Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-11-02T18:40:12Z","as_of":"2026-11-08T16:43:02Z","confidence":"medium"}}}}}}