Georgia State University

Texas Growth Fund Project IX, LP is providing the EB-5 Loan for construction of 676-bed, 5-story wrap-style student housing development project that is sited within a single tract that qualifies as a Targeted Employment Area (“TEA”) for EB-5 job creation purposes. The Project provides a job creation cushion for the EB-5 Loan of 582%, which is nearly six times greater than the required amount of jobs created.

The project immediately faces GSU’s new football stadium and it is being built into the center of GSU’s new athletics village and the exciting new lifestyle-oriented retail corridor of Georgia Avenue, comprising the new southern cusp of the Georgia State University campus at 755 Hank Aaron Drive Atlanta, GA 30315.

Georgia State University had enrollment of 32,950 students at the Downtown Atlanta campus in 2016. As the university has grown, the dormitory capacity has overflowed, with the university having to find alternative means of hosting on-campus residents, including the use of nearby hotels. Privately owned student housing properties are currently occupied at 95.0% and are expected to stabilize at that level over the next 4 years. Rent growth is forecasted to grow by an average of 3.2% per year through 2020.

The University System of Georgia approved the consolidation of Georgia State and Georgia Perimeter College. The new institution is estimated to have a total of more than 54,000 students. Georgia Perimeter students now have the opportunity to take classes downtown at Georgia State. This has increased the demand for housing at and around GSU’s campus.

Texas Global Equity Partners I, LLC along with the developer Aspen Heights and Harrison Street Real Estate Capital, one of the largest and most respected institutional investors in student housing nationwide, have deployed $28.9 million of Equity to the $72.2 million total construction costs of the Project, representing 40% of the total development budget.

Construction Status

The project is 100% pre-leased and its construction is scheduled to be completed in August 2019.

Are you an accredited investor?

The EB-5 opportunities offered by Texas Growth Fund are open only to “accredited investors” as defined by United States securities law.

An accredited investor must have one of the following:

NET WORTH (or joint net worth with the investor's spouse) of at least $1,000,000 (excluding the value of investor’s primary residence).
ANNUAL GROSS INCOME in each of the last two years of at least $200,000, and expected gross income in the current year of at least $200,000 (or joint annual gross income with spouse of $300,000).

I am an accredited investor I am not an accredited investor

THIS DOCUMENT IS NOT AN OFFER TO SELL SECURITIES OR THE SOLICITATION OF AN OFFER TO PURCHASE SECURITIES BY TEXAS GROWTH FUND OR ANYONE ELSE ACTING ON ITS BEHALF. ANY OFFER OF SECURITIES IN THIS PROJECT MAY BE MADE ONLY TO QUALIFIED PURCHASERS AND ONLY PURSUANT TO THE CONFIDENTIAL OFFERING MEMORANDUM PREPARED FOR TEXAS GROWTH FUND’S EB-5 INVESTMENT PROGRAM AND THE SUBSCRIPTION DOCUMENTS INCLUDED THEREWITH. ANY SALE OF SECURITIES IN THIS PROJECT WILL OCCUR ONLY FOLLOWING EXECUTION OF A WRITTEN SUBSCRIPTION AGREEMENT BY THE POTENTIAL INVESTOR AND ACCEPTANCE OF SUCH SUBSCRIPTION AGREEMENT BY THE MANAGER OR GENERAL PARTNER OF TEXAS GROWTH FUND IN ITS SOLE DISCRETION. THE INFORMATION IN THIS DOCUMENT IS SUBJECT TO CHANGE WITHOUT NOTICE, DOES NOT REPRESENT ALL OF THE INFORMATION MATERIAL TO AN INVESTMENT DECISION, AND IT IS QUALIFIED IN ITS ENTIRETY BY THE INFORMATION IN THE CONFIDENTIAL OFFERING MEMORANDUM. NO REPRESENTATION OR WARRANTY IS GIVEN AS TO THE COMPLETENESS OR ACCURACY OF THE INFORMATION IN THIS DOCUMENT, AND NO INFORMATION HEREIN SHOULD BE CONSIDERED AS A RECOMMENDATION TO PURCHASE OR SELL ANY SECURITIES. NOTHING IN THIS PRESENTATION SHOULD BE CONSIDERED ACCOUNTING, TAX, LEGAL OR INVESTMENT ADVICE. ALL PERSONS ARE STRONGLY URGED TO CONSULT WITH THEIR OWN ADVISORS REGARDING ANY POTENTIAL INVESTMENT OR EMIGRATION MATTERS.

CERTAIN INFORMATION AND STATEMENTS IN THIS PRESENTATION CONSTITUTE “FORWARD-LOOKING STATEMENTS” OR STATEMENTS WHICH MAY BE DEEMED OR CONSTRUED TO BE “FORWARD-LOOKING STATEMENTS” WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. THE WORDS “FORECAST,” “ESTIMATE,” “PROJECT,” “INTEND,” “EXPECT,” “ANTICIPATE,” “MAY,” “WILL,” “SHOULD,” CONTINUE,” “BELIEVE,” AND SIMILAR EXPRESSIONS, OR THE NEGATIVES THEREOF, OR OTHER VARIATIONS THEREON, ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS INVOLVE, AND ARE SUBJECT TO, KNOWN AND UNKNOWN RISKS, UNCERTAINTIES, AND OTHER FACTORS THAT COULD CAUSE THE PROJECT’S OR PROJECT OWNER’S ACTUAL RESULTS,PERFORMANCE (FINANCIAL OR OPERATING) OR ACHIEVEMENTS TO DIFFER FROM THE FUTURE RESULTS, PERFORMANCE (FINANCIAL OR OPERATING) OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. FOR A PARTIAL LIST OF SUCH RISKS, UNCERTAINTIES, AND OTHER FACTORS, SEE CAPTIONS “RISK FACTORS” AND “CONFLICTS OF INTEREST” (OR SIMILAR CAPTIONS) IN THE CONFIDENTIAL OFFERING MEMORANDUM.