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INVESTORS
Society Hill Capital

Demand is rising. New supply has stalled.

Society Hill invests in purpose-built student housing at large flagship universities, where enrollment has kept climbing and new construction has slowed. Two ways in: a growth fund open now, and an income strategy in development.

Three Power 4 campuses$25M target raise44% committed (as of August 2026)$250K minimum

Choose Your Objective

Growth today. Income ahead.

Open Now

Society Hill Fund I

Objective — Growth through ground-up development

Strategy — Purpose-built student housing, pedestrian to campus, Power 4 universities

Portfolio — Three identified projects at Florida State, Florida, and Tennessee

Distributions — Not expected during development

Status — Open; accepting accredited investor commitments

Request the Offering

In Development

Society Hill Income Yield Fund

Objective — Durable income from stabilized assets

Strategy — Stabilized student housing held for yield

Distributions — Designed for recurring income

Liquidity — Evergreen structure in development

Status — Structure being finalized; not yet offered

Join the Waitlist

The Income Yield Fund is in development. No offering of Income Yield Fund interests is being made, and no terms are available, at this time.

By the Numbers

A sponsor built through every cycle

20+
Years of Development Experience
$1B+
Real Estate Developed
15+
Assets Exited
10,000+
Student Housing Beds Delivered

Sponsor figures reflect the principals' development track record through predecessor vehicles, not the performance of Fund I. Past performance does not guarantee future results.

 

REDUCED BLIND-POOL RISK

A pre-constructed portfolio, not a blind pool

The Fund is already invested. Nearly half the portfolio is visible before subscription — named assets at named universities, with underwriting in hand — so capital can go to work promptly rather than waiting in an unidentified pipeline.

$11.1M
Already Committed
3
Identified Projects
44%
Of the $25M Target (as of August 2026)

Chapter House at Florida State University — artist's rendering

 

Chapter House

Florida State University

129 units · 511 beds

Chapter House at the University of Florida — artist's rendering

 

Chapter House

University of Florida

219 units · 638 beds

The Nine at the University of Tennessee — artist's rendering

 

The Nine @ Tennessee

University of Tennessee

116 units · 486 beds

Reduced blind-pool risk

Investors can see nearly half the portfolio before subscribing — named assets, named universities, underwriting in hand — rather than committing to an empty mandate.

Compressed J-curve

Capital goes to work immediately, mitigating the early period of fee drag on undeployed capital.

Late-stage entry

Investors join projects already sourced, structured, and in execution rather than waiting on deployment.

Condensed duration

Committed projects deliver 2027–2029, positioning earlier capital return within the fund life.

Remaining capital will be invested at the Manager's discretion consistent with the Fund's strategy. Actual results depend on deployment pace, project execution, and exit timing.

Images are artist's renderings of projects under development and do not depict completed buildings. Project details are subject to change.

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.

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

Fund I at a glance

Strategy — Ground-up, purpose-built student housing, entered at the Co-GP level alongside experienced student-housing sponsors; including affiliated developer 908 Group

Markets — Pedestrian to campus, Power 4 universities

Target fund size — $25 million

Minimum investment — $250,000

Investment period — 3 years

Structure — Delaware limited partnership investing through a dedicated special purpose vehicle for each project

Why This Fund

Built to create value three ways

I

Development Value Creation

Ground-up development targets a cost basis below the stabilized value of comparable existing assets. Value is created in construction and lease-up — not bought at market price.

II

Structural Demand

Enrollment at Power 4 flagship universities continues to grow while sites pedestrian to campus are scarce and slow to entitle. Demand rises; competing supply is gated.

III

Alignment

The principals invest their own capital alongside limited partners, and each project is held in a dedicated special purpose vehicle for clean, asset-level transparency.

What We Do

A disciplined, hands-on approach

Society Hill invests in student housing that is 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.

DELIVERED PROJECTS

State House Gaines — completed purpose-built student housing
State House Gaines
Stadium House — completed purpose-built student housing
Stadium House
The Nine @ Central — completed purpose-built student housing
The Nine @ Central

Completed projects developed by Society Hill’s principals through 908 Group affiliated entities, prior to and independent of Society Hill Capital funds. Representative projects; not indicative of the performance of any fund.

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 STALLED
 

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.

Next Steps

 

1Request the offering materials
2Verify accredited investor status
3Review the offering documents
4Subscribe if the fund is a fit

Share your details and we will follow up with the offering materials and next steps. No commitment required.

 

IMPORTANT DISCLOSURES

This page does not constitute an offer to sell, or a solicitation of an offer to buy, any security. Any such offer will be made only to qualified investors by means of a confidential private placement memorandum and related offering documents, and only in jurisdictions where permitted. Securities offered pursuant to exemptions from registration have not been registered with, or approved by, the SEC or any state securities regulator. Investments are available only to investors meeting applicable eligibility requirements, including verification of accredited investor status as required under Rule 506(c) of Regulation D.

Investing in private real estate involves significant risk, including illiquidity, the absence of any public market for fund interests, development and construction risk, reliance on the sponsor and its affiliates, and the possible loss of some or all invested capital. Please review the offering documents for a complete discussion of risks, fees, and conflicts of interest. Any forward-looking statements reflect current expectations, are subject to known and unknown risks and uncertainties, and actual results may differ materially. Nothing on this page is investment, legal, or tax advice.

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