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Society Hill Fund I

Demand is rising. New supply has stalled.

Society Hill Fund I invests in purpose-built student housing at large flagship universities, where enrollment has kept climbing and new construction has slowed.

THE RESILIENCE

Demand that has risen when markets fell

Student housing sits where real estate and higher education meet, and its demand has historically been less tied to the economic cycle than most property types. In the 2008–2009 downturn, unemployment nearly doubled while postsecondary enrollment grew by 2.4 million students. That pattern has not held in every downturn, but it reflects a demand base anchored to enrollment rather than employment.

A demand base anchored to enrollment, not employment.

Chart showing unemployment rising to 9.6% during the 2007-2011 recession
FIG. 01 — SOURCE: U.S. BUREAU OF LABOR STATISTICS
Chart showing a 2.4 million student rise in college enrollment from 2007 to 2011
FIG. 02 — SOURCE: U.S. CENSUS BUREAU
 

The Fund

At a glance

Strategy — Ground-up, purpose-built student housing

Markets — Pedestrian to campus, Power 4 universities

Structure — Delaware limited partnership

Approach — Investments with experienced student housing developers and operators

Horizon — Multi-year development and stabilization

What We Do

A disciplined, hands-on approach

Society Hill invests in student housing from the ground up, walkable to campus, at large public universities in the deepest-demand conferences below. Each project is built and managed in partnership with an experienced student housing developer, pairing rigorous site selection with active, hands-on execution.

SEC
Big Ten
Big 12
ACC

The four Power 4 conferences: the markets with the deepest applicant demand and the tightest new supply.

 

Track Record

Experience institutions have trusted

The strategy is led by a team whose student housing development experience, through 908 Group, spans nearly two decades and multiple market cycles — work that has attracted repeat institutional capital from names respected across real estate investment, including Harrison Street, Kayne Anderson, and Canyon Partners. These institutions invested in prior projects led by Society Hill's principals; they have not invested in, and do not endorse, any current Society Hill offering.

Track record and partner history reflect the founder's experience through 908 Group entities, not Fund I. Past performance does not guarantee future results.

 

Who We Are

Founder-led, with skin in the game

Founder Justin Wilson leads Society Hill Capital with more than two decades of real estate experience, spanning investment management, development, and operations. Society Hill has developed over $1 billion in assets and successfully exited more than 15 of them alongside family offices and institutional partners. In 2019, Justin founded Society Hill Capital to give qualified investors the same institutional-caliber access to private real estate the team had built its track record on. Since inception, Society Hill has invested its own capital directly alongside every investor, an alignment that extends to Fund I.

Why Now

A window that is open, and closing

New student housing construction has slowed as building and financing costs have risen, and far less of the supply that would compete away returns is being built. Enrollment at the large flagship universities we target has continued to grow. Fewer new beds meeting rising demand favors the owner of well-located existing assets.

Chart showing new student housing bed delivery falling while Power 4 university enrollment growth accelerates
FIG. 03 — DEMAND IS RISING WHERE NEW SUPPLY HAS COLLAPSED
 

Is This for You

A fit for a particular investor

A Fit If You

+Can commit capital for a multi-year horizon
+Already hold private and illiquid investments
+Want development-side real estate exposure the public markets no longer offer

Not a Fit If You

May need the capital before the term ends
Need daily liquidity
Want a publicly traded, daily-priced investment

This is a focused, illiquid, private real estate investment, right for a particular kind of investor and deliberately not for everyone. There is no public market for fund interests, distributions are not expected during the development period, and investors may lose some or all of their invested capital.

Let's talk.

No commitment. Conversations are informational only, focused on understanding your interests and sharing details about our approach.

This offering is made pursuant to Rule 506(c) of Regulation D and is available only to verified accredited investors. Prior to accepting any investment, prospective investors will be required to provide documentation verifying accredited investor status as required under Rule 506(c).