CARMEL, Ind., Nov. 22, 2016 /PRNewswire/ -- Mainstreet Student Living has announced a new initiative to raise funds for a new student living community in Central, South Carolina. Helping with this effort is Oregon-based CrowdStreet, a crowdfunding marketplace and software platform that connects accredited investors with institutional-quality real estate investments.
Mainstreet Student Living is seeking upwards of $1.8 million on behalf of MS Vita SWU, LLC through a private placement offering solely to accredited investors under Rule 506(c) of Regulation D promulgated by the SEC under the Securities Act of 1933.
"We are excited about our first online fundraising experience and to partner with CrowdStreet for this initiative," said Justin Farris, managing director of Mainstreet Student Living. "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."
The 68,000 square-foot, on-campus student living development at Southern Wesleyan University will boast 114 units, 243 beds and feature a state-of-the-art clubhouse, study lounges, a resident lounge with television, a fully-functional kitchen and much more. The $9.3 million community is projected to be complete in August 2017.
Southern Wesleyan University was founded in 1906 and is a student-focused learning community devoted to transforming lives by challenging students to be dedicated scholars. The main campus totals approximately 350 acres and current enrollment totals 1,883 students. In addition to the main campus, Southern Wesleyan University has six other satellite campuses located throughout South Carolina.
About Mainstreet Capital Partners, LLC
Mainstreet Capital Partners, LLC is a U.S. registered broker-dealer focused on the health care sector and student housing opportunities. Mainstreet Capital Partners is focused on, but not limited to, opportunities in health care development, health care acquisitions, health care operations and student housing. For additional information, visit www.maincap.com.
About Mainstreet Student Living
Mainstreet Student Living is the premier investment, development and management firm of student housing communities throughout North America. Dedicated to a student-centric approach, Mainstreet Student Living develops communities that allow students an opportunity at a true live and learn environment. Our redefinition of the student experience fuels design innovation, creative investment opportunities and provides students with a life-changing experience. For additional information, visit www.mainstreetstudentliving.com.
CrowdStreet is a software and services company disrupting the commercial real estate industry by enabling innovative real estate operators and developers to efficiently engage in online capital formation, communicate with investors, distribute investment documents and centralize ongoing investor relations. For additional information, visit www.crowdstreet.com.
This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction. Any such offer will be made only by means of appropriate definitive legal documentation relating to the investment opportunity and is subject to the terms and conditions contained therein. Mainstreet Capital Partners, LLC (a member of FINRA and SIPC) may act solely as placement agent in connection with any potential offering, the terms of which shall be effected pursuant to Regulation D under the Securities Act of 1933 or other applicable exemption from registration under state and federal securities laws. The securities offered in the Offering will not be and have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This release, like many written and oral communications presented by Mainstreet, and its authorized officers, may contain certain forward-looking statements regarding our prospective performance and strategies. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of Mainstreet, are generally identified by use of words "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "seek," "strive," "try," or future or conditional verbs such as "could," "may," "should," "will," "would," or similar expressions.
Mainstreet's ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Except as required by applicable law or regulation, Mainstreet undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.
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SOURCE Mainstreet Capital Partners, LLC