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Categories
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Real Estate
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Min Investment
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$250
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Location
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Philidelphia, PA
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Offering Date
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November 03, 2021
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Expected Close Date
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February 01, 2022
Company Description
TEMPLE III is the latest NYCE-developed “Silicon Valley”-style student housing community, following the smashing success of Philicon Square. Powered by a formal partnership between NYCE and Temple University, this development boasts (29 individual apartments + 1 commercial unit), sitting directly next to the historic Uptown Theater.
Key Deal Facts
PHASE III of NYCE’s Temple University smart-tech “hacker house” developments
Seen in Forbes, Business Insider, CNBC, TechCrunch and more
66 tech-powered co-living units with 24/7 security one block from Campus
Projected $9.14M valuation once built (see financials)
2x return on equity on NYCE’s past projects TEMPLE I & NYCE (12 months)
LOCATION: 230 ft from Subway station, 10 minutes from Downtown, one block from campus
Opportunity Zone investment; defer capital gains
Ongoing partnership with Temple University to insure tenant inflow
Management Team / Advisory Board Bios
Philip Michael
CEO, NYCE
As head of NYCE, Philip’s led NYCE to a record-setting raise, built the NYCE app, while adding $211M in AUM during a pandemic. Has 131K followers on Instagram.
Martin Braithwaite
Co-Founder, NYCE
Slapped with a $324M price tag, Martin Braithwaite is an FC Barcelona striker alongside Leo Messi. As CVO, Martin is responsible for the overall long-term vision of NYCE.
Michael Hallett, PBDC
General Contractor
Having picked up the passion for construction at an early age, Mike works to coordinate all aspects of construction for PB+DC clients and development projects with his talented team.
