Identifying the Problem
The student housing crisis at Prairie View A&M University (PVAMU) is a pressing issue, with over 1,400 students turned away last year due to a lack of available housing (Washington Times). This shortage is exacerbated by PVAMU’s ambitious growth plans, aiming to significantly increase student enrollment in the coming years. As of Fall 2018, PVAMU reached its highest enrollment of 9,516 students, but the university could only provide 4,366 beds, which is about 46% of the total student population.
PVAMU’s rural location further limits off-campus housing options, making it difficult for students to find accommodation nearby. The university has been trying to address these issues, but the demand for on-campus housing continues to outstrip supply.
Recent efforts have included new developments, but the need for more immediate solutions is critical to meet the current and future housing needs of students (Houston Chronicle).
In response to this ongoing crisis, PVAMU has also initiated the Panther Collective, a program designed to provide off-campus housing options and support to students. 625 at Prairie View Apartments is part of that group, however these measures still fall short of addressing the full scope of the housing shortage (Panther Collective). That’s where Phase II of 625 at Prairie View Apartments comes in.
Explaining the Solution
Pioneer Realty Capital (PRC) has successfully completed Phase I of the 625 at Prairie View Apartments project, located on 30 acres just off-campus. This phase is currently 100% occupied, with a master lease in place with the Texas A&M University System. Our extensive history of over 20 years in real estate development and investment, coupled with a track record of never losing investor money, positions us uniquely to tackle this challenge.
Phase II of the 625 at Prairie View Apartments project aims to add 400 new apartments, providing much-needed housing for incoming students. By investing in this phase, we can alleviate the housing shortage and ensure that more students have access to safe and comfortable living arrangements. This initiative not only addresses the immediate housing crisis but also supports PVAMU’s long-term growth and development plans.
- Location: Adjacent to PVAMU campus, ensuring easy access for students.
- Capacity: 400 new apartments, significantly increasing available housing.
- Amenities: Modern facilities, including study areas, recreational spaces, and more.
- Sustainability: Environmentally friendly construction practices.
Presenting the Opportunity
*Accredited investors are invited to invest in the 625 at Prairie View Phase II project, which offers a 14% preferred rate of return, paid quarterly, plus a 70% share of profits upon project completion. The projected timeframe for this investment is 2.5 years. By joining this initiative, investors not only gain attractive returns but also contribute to a solution that will significantly impact the PVAMU community.
- 14% Preferred Rate of Return: Paid quarterly.
- 70% Share of Profits: Upon project completion.
- Projected 2.5 Year Timeframe: Ensures a relatively quick turnaround on investment.
- Positive Community Impact: Help provide housing for students and support the growth of PVAMU.
For more details and to become part of the solution, visit our investment page.
For accredited investors looking to be a part of the solution, sign up and invest today.
*An accredited investor must meet one of the following: 1) An annual income of at least $200,000, or $300,000 when combined with spouse’s income; 2) Holds a valid Series 7, 65, or 82 license; 3) Has a net worth of >$1 million, excluding value of a primary residence.
Where Can You Find Help?
If your college is facing a housing shortfall and has a student population of at least 10,000, it’s time to take action. Visit Pioneer Realty Capital Student Housing for tailored housing solutions. For a consultation, call Brandon Jones at (817) 856-2262.
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