EquityPlus, Lumbee Development Group, and President Street Development are co-developing a new student housing and retail project located directly across the street from the University of North Carolina at Pembroke (“UNCP”). 

Demand for student housing already exceeds supply; as of Fall 2018, student beds in the Pembroke Market Area are 100% occupied.

The development will ultimately provide 492 beds as well as 20,000 sq. ft of retail space. This funding round is for Phase I representing 192 beds in four buildings. 

The Project has strong support from UNCP, the City of Pembroke and Robeson County. The property is located in a Targeted Employment Area, Qualified Census Tract, and an Opportunity Zone.

Raise Amount:  $5,700,000
IRR:  14.86%

To read more or if you’re ready to move, visit the eVest Marketplace and speak directly with the sponsor.

About the Author

Dan Summers

Dan is the Founder and CEO of eVest Technology.

During his 30-plus-year career in real estate, Summers has been instrumental in some of the nation’s largest real estate transactions. Having spent decades interfacing with Goldman Sachs, Lehman Brothers, Deutsche Bank, CBS, Westinghouse and Bank of Boston, among others, Summers has built a national reputation for integrity, honesty and transparency.

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