NYCE's TEMPLE II

Own Temple U student housing complex for $100

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Security Type
Convertible Note
Categories
Technology, Real Estate, Community & Lifestyle
Min Investment
$100
Location
Philadelphia, PA
Expected Close Date
April 30, 2022
Target Raise
$100.00K-$1.10M
No. Investors
1
Security Price
$22.22
Valuation
$6,000,000
Website
nycegroup.co
Number of Employees
1
Cash
$8,579
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$665,054
Net Income
$-117,460

Company Description

🦄 PHASE II/III of NYCE’s Temple University tech/coliving buildings
📲 84 tech-powered co-living units two blocks from Campus and train
📺 Seen in Forbes, Business Insider, CNBC, TechCrunch and more
🚀 Projected $11M valuation once built (see financials)
💰 NYCE properties are up 105.5% YTD
📈 Acquired 1500+ apartments during COVID ($263M+ total portfolio)
🔥 Opportunity Zone investment; defer capital gains
💥 Ongoing partnership with Temple University to insure tenant inflow

Key Deal Facts

🦄 PHASE II/III of NYCE’s Temple University tech/coliving buildings
📲 84 tech-powered co-living units two blocks from Campus and train
📺 Seen in Forbes, Business Insider, CNBC, TechCrunch and more
🚀 Projected $11M valuation once built (see financials)
💰 NYCE properties are up 105.5% YTD
📈 Acquired 1500+ apartments during COVID ($263M+ total portfolio)
🔥 Opportunity Zone investment; defer capital gains
💥 Ongoing partnership with Temple University to insure tenant inflow

Management Team / Advisory Board Bios

Philip Michael CEO, NYCEAs 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, NYCESlapped 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 ContractorHaving 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., Vineet Yadav Head of Creative, NYCEVineet is the creative genius UI/UX force Behind all of NYCE’s creatives and digital assets, including all websites, social media, TRIBE™, and the NYCE app., Arif Nezami Head of Finance, NYCEArif is the resident genius responsible for analyzing and reviewing all projects, operational efficiencies and analytics. With Philip, Arif created NYCE’s proprietary KPI Tracker., Nat Remy Head of Community, NYCENat is the dynamic operational machine that oversees the daily workflow of NYCE and its assets, including our investor/member community, experience and strategic partnerships.
Amount Raised : $1,187,556
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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