Temple I

BETA

Invest in a smart-tech student housing development next to Temple University

Analytics

Raised to Date: $269,284

Aggregate Commitments $
Platform

Republic

Start Date

08/20/2020

Close Date

04/30/2021

Min. Goal

$100,000

Max. Goal

$360,000

Min. Investment

$79

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Weekly Commitments $
Status

Active

Reporting Date

09/16/2020

Days Remaining

223

% of Min. Goal

269%

% of Max. Goal

75%

Likelihood of Max
Avg. Daily Raise

$9,973

# of Investors

1,083

Momentum
Location

New York, NY

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

Temple I, a student housing development by Temple University, is raising crowdfunding on Republic. It is Phase 1 of a 100-bed tech-powered student housing development being developed by NYCE Companies. The development covers 10,000 square foot, 17-bedrooms units, directly across Temple University. Philip Michael and Martin Braithwaite of NYCE founded Temple I in June 2020. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $360,000, will be used for the development of the property. Temple I was acquired by NYCE in 2018, and the development is expected to be completed in the fourth quarter of 2020.

Ratings

last updated 09/16/2020

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