Why haven’t I seen a return on my initial investment in NYCE? Also, I do not see anything in the NYCE app.

Hi Sharmaine, If you have signed up for the NYCE app using the same email address as your WeFunder account, then look for the “Sync” button on the dashboard. Once you successfully sync your investment, your portfolio details will populate. If that doesn’t work, shoot an email to app@nycegroup.co.

I see that this is an opportunity zone investment; given that this is an offering for future equity, will the opportunity zone reinvestment date be the day that the SAFE converts into equity? I'm assuming that it won't convert into equity prior to the December 31st opportunity...

Hey Lucas—it’s not a SAFE, it is straight equity. We did our first offering as a SAFE, converted all into shareholders. Not something we’re doing here. Straight equity.

Have any distributions been made to investors of the Temple 1 project?

Hey Jordan, No and that's by design and according to plan. For one, The TEMPLE I project just had its 1-year anniversary, which is the EARLIEST you can sell a Reg. CF security. (And it's a 36-month hold.) Secondly, we're listing our Philicon Square properties (TEMPLE I and TEMPLE II) as an IPO in Q1 where investors not only can liquidate their Reg CF positions in record time, they can trade in and out freely—at twice the valuation of the investment. I felt that was the best utilization of cap...

How is your valuation cap 2M with a 1.5M goal? How will you maintain control of the company?

Good question, Josh! In short, it’s a property investment vs a traditional startup investment where giving up a lot equity = giving up control. In this case, I control the property because I'm the GP (general partner). It's a standard property investment structure. To date, I've carved out a minority stake for micro-investors, which I prefer. This time I wanted to offer more room because — quite frankly — we run out of inventory too fast and people are reduced to waitlists. I want more people...

Thanks - will there be some sort of rolling close prior to December 31st of this year, and will you all provide investors with Temple III's EIN number for opportunity-zone reporting purposes on Form 8997?

We will ensure all investors receive the opportunity zone benefits privately, yes. And will close before December 31st, yes.

NYCE’s TEMPLE II

Own Temple U student housing complex for $100

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nycegroup.co

Philadelphia, PA

B2C Minority Founder Brick & Mortar Real Estate Infrastructure & Construction

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Fares interviewed NYCE’s TEMPLE II on February 24, 2022. Play Video

Fares Ksebati

CEO of MySwimPro

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says, "Giving access to real estate opportunities to people who ordinarily do not have access. This is a massive change in how real estate projects will be financed and there is a track record to back up the model!"

Advice

says, "Share a timeline of future projects to give investors a heads up. Best of luck!"

What Investors Say

LEAD INVESTOR

Invested $1,000 this round + $50,000 previously

One thing I am sure of, real estate has exceptional growth potential. I am attracted to the NYCE mission. Founders Philip Michael and Martin Braithwaite are goal-focused and have a comprehensive vision of the work and its trajectory. I decided to invest because, in my career, I love the process of caring for and encouraging the growth and development of someone or something. I believe the NYCE team is well positioned to create 100,000 new millionaires by 2030.

NYCE's TEMPLE II

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