Scholars Vista
Phase II Student Housing for University of California
Scholars Vista is located Adjacent University of California Campus in Prestigious University Vista Community. New Course’s Second Student Housing Project for University of California. Pre-Construction work has already begun. Construction will begin in July of 2024 and is projected to conclude in June of 2027. The Project protects its budget accuracy and manages risk through the utilization of Guaranteed Maximum Pricing (GMP) contracts.
Highlights
- • TEA Qualifying for 10% Visa Set-Aside
- • Multiple Offerings Ranging From 2% - 12%+ Annual ROI
- • 40% Job Creation Buffer
- • Construction Completion Guaranty
- • Experienced Team with 100% EB-5 Approval Rate
- • Recession Resistant Investment
- • 5 Year Investment Term
PROJECT SUMMARY
Scholars Vista is the first purpose-built student housing program in University Vista and is New Course Enterprises’ second student housing project in Merced.
Scholars Vista is the closest off-campus student housing project for University of California, Merced. University of California Student Housing is widely regarded as a proven, safe investment with strong long-term, recession-resistant demand. The University only has 3,600 beds on-campus, leaving a massive deficiency of over 6,000 needed beds, based on its 2023 population. Scholars Vista’s 951beds comprise less than 10% of the total demand at UC Merced, not including the demand from Merced College.
- Total Project Cost:$170,000,000
- EB-5 Senior Capital:$24,000,000
- EB-5 Preferred Equity:$24,000,000
- Developer and Private Capital:$43,279,534
- Investment Type:Preferred Equity (Profit-Sharing)
PROJECT GALLERY
GET IN TOUCH
