Invest in NYCE PRESENTS: TEMPLE III: Invest in a smart-tech student housing next to Temple University | Wefunder

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If you invest, you're betting NYCE PRESENTS: TEMPLE III will be worth more than $2M in the future

TEMPLE III is the latest NYCE-developed “Silicon Valley”-style student housing community, following the smashing success of /Philicon Square.TEMPLE I: The Tech Mansion

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.66 co-living units one block from Campus

YES, the same Uptown Theater, home to acts such as…

In the spirit of the Uptown Theater history—as WELL as the “live-in accelerator”/entrepreneurship hub philosophy—TEMPLE III will be home to Phillly’s next generation of creatives, thinkers, artists and entrepreneurs

Press

The Offering: TEMPLE III, Explained

Last year’s TEMPLE I accepted investment at a $1M pre-completion valuation. Three months later after construction completed, the property appraised at $2,055,000

Similar to TEMPLE I, TEMPLE III investors will have the opportunity to own a piece of this property at the pre-construction value in a Qualified Opportunity Zone, providing outstanding tax deferral benefits to all investors

A “shovel-ready” project (meaning no architectural or zoning work required), NYCE expects a $9.14 million valuation upon completion, against a $7M cost basis, based on market comparables, rent rolls and cap rates

(Forward looking projections are not guaranteed. Scroll down for detailed investor financial projections.)

OK, back to the TEMPLE III property…

The third in the string of NYCE/Temple U projects, TEMPLE III—like its Philicon Square sister development down—are part of NYCE’s initiative to:

The Location

Sitting gloriously on MAIN Philadelphia/Temple corridor Broad Street, TEMPLE III residents have a one block walk to campus. (Nice.)

A short 230 ft from the subway (), residents are EXACTLY 10 minutes from downtown Philadelphia and its historic City Hall.Susquehanna-Dauphin Station

There’s also some fun history…

A large part of what we do is to preserve the historical charm of the neighborhood while ushering in a new era of commerce, entrepreneurship and creativity

Sitting DIRECTLY NEXT DOOR, the historic Uptown Theater venue was a centerpiece of the Chitlin’ Circuit. If you’re not familiar with the Chitlin’ Circuit, per Wikipedia:

The Chitlin' Circuit was a collection of performance venues throughout the eastern, southern, and upper Midwest areas of the United States that provided commercial and cultural acceptance for African American musicians, comedians, and other entertainers during the era of racial segregation in the United States through the 1960s

The Philly equivalent of Harlem’s Apollo Theater, the venue’s been home to acts like Ray Charles, James Brown, Jackie Wilson, Stevie Wonder, the Isley Brothers, Marvin Gaye, BB King, The Supremes and the Jackson 5

TEMPLE III: Financial Projections & Investor Returns

We are offering equity interests in the TEMPLE III development project. Investors will receive an 8% preferred return

In addition to having a piece of the project, investors will be able to track their investment in and follow team updates inside our .our NYCE app TRIBE community

Upon completion, we intend to operate it as a student-housing co-living property where students rent individual bedrooms. The chart below provides our estimates for operating the property

Investor Returns: How Investors Make Money

We are estimating that investors will receive a 12%-15% annualized IRR with a 36-month lock-up period. Investors will receive a return upon a sale or refinancing of the property, anticipated inside 36 months

The following chart outlines the estimated returns based on a $1,000 investment at the 15% preferred return rate. NOTE: These are for illustrative purposes only and not a guarantee

In addition, we offer options for investors to buy/sell their positions in TEMPLE III (or other NYCE properties, subject to availability), offering liquidity.may

We’re currently in the process of taking TEMPLE I public on LEX, the Nasdaq-powered real estate trading platform. (Read more here.)

Our Mission…

If you follow our Instagram pages, you’ll see that we have a VERY pronounced mission of creating 100,000 millionaires by 2030 and empowering 100M marginalized people worldwide into ownership

Why do we do this?

In North America, millennials and minorities have been dealt one of the worst hands in recent history, inheriting a wealth gap that will take 228 years to close

The number one driver? Lack of real estate ownership in minority communities. Per Duke University, real estate/home ownership would narrow the racial wealth gap by 31%

We want to help ERASE this troubling trend by bringing ownership access to real estate to minorities and marginalized communities

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NYCE PRESENTS: TEMPLE III is testing the waters to evaluate investor interest. No money or other consideration is being solicited; if sent, it will not be accepted. No offer to buy securities will be accepted. No part of the purchase price will be received until a Form C is filed and, then, only through Wefunder. Any indication of interest has no obligation or commitment of any kind