Circle Squared and The PRC Group of Companies Partner on Residential Building in Jersey City's West Campus Redevelopment Project

JERSEY CITY, N.J., Jan. 30, 2019 /PRNewswire/ -- Circle Squared Alternative Investments and an affiliate of The PRC Group of Companies have entered into a joint venture partnership for the construction of a 132,000 square-foot Class-A Residential Building located on the West Side of Jersey City as part of the $400 million-plus New Jersey City University ("NJCU") University Place redevelopment area. The 144 units of upscale, market-rate housing and associated amenities, including on-site structured parking, are the result of a collaboration among Jersey City, NJCU, and the private development team of Circle Squared and a PRC Group affiliate.

"We have been a part of the redevelopment of the West Side of Jersey City for some time now and, thus far, tremendous progress has been made, with even more transformative development on the horizon," said Jeffrey Sica, Founder and President of Circle Squared Alternative Investments. "The PRC Group is a 60-year-old amalgamation of companies with an exceptional track record as a construction manager and developer. We couldn't have found a better partner for this stage of the University Place project."

This is the second apartment building in the complex to break ground. When completed, University Place will be a master planned community including four apartment buildings, graduate student housing, a performing arts center and a grocery store-anchored shopping center.

"This is an exciting and transformative project for us," said Robert M. Kaye, Founder, Chairman, and CEO of The PRC Group of Companies.  "The apartments in this complex will offer many of the same amenities as the luxury building on the waterfront, along with excellent access to public transportation, but at a much more accessible price point."

About Circle Squared Alternative Investments
Circle Squared Alternative Investments, a registered investment adviser, is a firm devoted to uncovering alternative investment opportunities in real estate, private equity and private credit among others. In addition, the firm's team will serve as coaches and mentors to financial advisors, helping them to better understand and communicate to their clients the role and advantages of alternative investments in a portfolio.

For more information about Circle Squared, visit www.circlesquaredalts.com.

About The PRC Group of Companies
The PRC Group of Companies is a compendium of affiliated, but separate, business entities that engage in discrete aspects of residential and commercial real estate ownership, development, operations, and management, involving projects that serve a diverse cross-section of urban and suburban communities – from single-family to multi-family to mixed-use; and from verdant to affordable. Most of The PRC Group member companies are single purpose entities that focus on independent and distinct projects or transactions.  Nevertheless, The PRC Group, as a whole, benefits from and is invested with the collective experience, business acumen, and proficiency that have marked the success of its member companies over a rich and diverse history spanning nearly sixty years.

For more information on The PRC Group visit www.prcgroup.com/

Important Disclosure:
This press release contains general information that is not suitable for everyone. The information contained herein should not be construed as personalized investment advice. Past performance is no guarantee of future results. There is no guarantee that the views and opinions expressed herein will come to pass. Investing involves risks such as the loss of principal and may not be suitable for everyone. Information presented herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security. For additional information about Circle Squared Alternative Investments, LLC ("CSAI"), including fees and services, please send for the disclosure statements as set forth on Form ADV from CSAI using the contact information herein and/or visiting www.adviserinfo.sec.gov. Please read the disclosure statements carefully before you invest or send money.

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SOURCE Circle Squared Alternative Investments

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