This Week’s Marketplace Spotlight: UNC Student Housing – Opportunity Zone

EquityPlus, Lumbee Development Group, and President Street Development are co-developing a new student housing and retail project located directly across the street from the University of North Carolina at Pembroke (“UNCP”). 

Demand for student housing already exceeds supply; as of Fall 2018, student beds in the Pembroke Market Area are 100% occupied.

The development will ultimately provide 492 beds as well as 20,000 sq. ft of retail space. This funding round is for Phase I representing 192 beds in four buildings. 

The Project has strong support from UNCP, the City of Pembroke and Robeson County. The property is located in a Targeted Employment Area, Qualified Census Tract, and an Opportunity Zone.

Raise Amount:  $5,700,000
IRR:  14.86%

To read more or if you’re ready to move, visit the eVest Marketplace and speak directly with the sponsor.

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