We reported previously about the BLM Global Network Foundation’s secret mansion, which was acquired by the BLM Global Network Foundation in 2020.
Now there’s more information on the purchase and it’s raising even more questions.
According to the NY Post, further records show that it was initially sold for $3.1 million on October 21, 2020, to Dyane Pascall, who is a real estate developer who worked for BLM co-founder Patrisse Cullors’ consulting firm that she had with her partner, Janaya Khan.
Two days after the purchase, on October 23, lawyers for the Democratic law firm Perkins Coie incorporated a limited liability company (LLC) in Delaware named for the mansion’s address. Four days later — on October 27 — the home was transferred to the company for $5.8 million, records show. Also, property records show no transfer taxes. BLMGNF has a tax exemption.
While it’s not unusual for companies to sometimes use an LLC, the big jump in the price — $2.7 million — over such a short period is raising a lot of eyebrows. This is in contrast to other houses in the vicinity.
“A review of property assessment records show the value of the mansion BLMGNF purchased skyrocketed while all the neighboring properties saw an average of less than a five percent increase,” said Tom Anderson, director of the Government Integrity Project at the National Legal and Policy Center.
“This raises serious questions concerning the purchase price of the house and the way the transaction was handled through cash and a shadowy LLC,” Anderson said.
Anderson’s Virginia-based watchdog group amended a complaint against BLMGNF to the IRS and the California Attorney General after news of the luxury mansion purchase surfaced earlier this week.
According to the NY Post, that figure was 250% higher than comparable properties within the same area.
BLMGNF still hasn’t explained why the price difference exists. Pascall told the Post he couldn’t remember the price and refused to say more.
Patrisse Cllors attacked coverage on the purchase by claiming that New York Magazine’s original reporter was biased in her favor.
The fact that a reputable publication would allow a reporter, with a proven and very public bias against me and other Black leaders, to write a piece filled with misinformation, innuendo, and incendiary opinions, is disheartening and unacceptable,” she wrote of the piece authored by Sean Campbell.
She also claimed that the house was meant to be a “safe house” and said that she was always under the threat of “white supremacist terror.” Cullors left the organization last year after a lot of questions about her personal real estate purchases.
Campbell is to be commended for his persistence in the pursuit of the story. NY Magazine deserves credit for covering it even though they knew that some left-leaning journalists would attack them. By the way, Campbell is black and Cullors didn’t provide any proof of any bias or inaccurate reporting on his part. Likely because there isn’t any. The simple response is to answer the questions but so far, there hasn’t been an official statement on this discrepancy.