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.
About CrowdStreet 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.
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