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Invest in TEMPLE I

NYCE’s Tech Mansion: Own real estate for $250

Highlights

1
Own cash-flowing asset for $250
2
Silicon Valley-style coliving “accelerator”
3
Official Temple University housing partner
4
Seen on CNBC, Yahoo Finance, Forbes and more
5
$204K gross rental income; 58% LTV senior loan
6
150% valuation increase since first raise
7
Trade shares on NYCE app (12 months)
8
Opportunity Zone tax benefits

Our Team

Millennial minorities have inherited the worst economic conditions in history: Trillions in debt and a racial wealth gap that will take 228 years to close. We want to solve that by creating 100K millionaires through real estate ownership, financial literacy and community. Think of a “Goldman Sachs” for the 99% vs. 1%. 💥

The Project

This is an opportunity to invest in NYCE’s TEMPLE I aka “The Tech Mansion,” our smart-tech powered coliving/accelerator in our Philicon Square tech community by Temple University.

(We recently closed TEMPLE II, the third record-setting sellout for NYCE.)

Built in 2021, this 17-bed/coliving unit property is currently leased out, cash-flowing and operated by Outpost Club, a premier New York/Philly-based coliving management company.

The complex is an official housing partner of Temple University’s Fox Business School, ensuring a healthy pipeline of tenant inflow. (And tons of press.)

Philicon Square: A Silicon Valley-inspired neighborhood

TEMPLE I is Phase 1 of a three-phase 105-unit co-living development by Temple University. 

Powered by Temple University’s Fox Business School, resident members live and work, participate in workshops and mentoring and get to win cash prizes and pitch investors

Inspired by Silicon Valley, we’re building a “hustler’s haven” tech district for students, creators and entrepreneurs to build the next unicorn. 

(Note: Read more about the Hacker House concept in the attached deck.)

Temple U rental market: Record applications, enrollments & rents

At our current rates, there’s still upside to raise rents as the Coliving concept matures and the TEMPLE II complex gets built.

CHART WITH OUR RENTS VS. MARKET

THE INVESTMENT OFFERING:

A SAFE, which would convert to equity in any subsequent recapitalization or inside 24 months, whichever happens first. Your investment is protected with the SAFE’s valuation cap.

This means that in the event the property appraises at a hypothetical $2.7M valuation in 2023 your SAFE would convert at the $2.6M valuation cap—earning you the extra upside.

These are the projections based on the average rent per bed of Diamond Green, our nearest comparable property, built in 2012 (vs. 2021 for TEMPLE). 

Per the projections, TEMPLE I would secure a $2.83M valuation in 2023 (not guaranteeed).

EXIT STRATEGY: 12-MONTH LIQUIDITY

In 12 months, you’ll be eligible to trade your investment using the NYCE app, just like you trade Amazon on Robinhood. As the SAFE converts to equity, investors receive dividends according to ownership percentage—all inside the app.

Overview