Mainstreet Student Living, U.S. registered broker-dealer focused on the health care sector and student housing opportunities, announced on Tuesday the launch of its CrowdStreet Regulation D offering. The company is seeking to raise $1.8 million for a new housing community located in Central, South Carolina.
The company stated the 68,000 square-feet on-campus student living community would be located at Southern Wesleyan University. I twill have 114 units, 243 beds, and will feature a state-of-the-art clubhouse, study lounges, a resident lounge with TV, and even a fully-functional kitchen. The community, which will cost $9.3 million, is projected to be completed in August 2017.
Speaking about the funding round, Justin Farris, managing director of Mainstreet Student Living, stated:
“We are excited about our first online fundraising experience and to partner with CrowdStreet for this initiative. Our mission is to transform collegiate lives and, with this initiative, it enables us to pursue high-quality opportunities to further growth and innovation in student housing.”
Mainstreet is notably a national company that specializes in real estate development, value investments, and healthcare. It has been recognized by Senior Housing News and won the Architecture & Design Award in 2013, 2014, and 2015. It was also named Inc. 500l5000 six times since 2010.
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