The HUB Apartments is primarily owned and developed by Prospera Growth Fund, a Regulation D 506-C private offering for accredited investors, focusing its capital on high-yield growth-oriented projects. Its portfolio exists around recession-resistant asset classes like student housing, affordable multifamily, self-storage and others. The fund’s manager has a near 12-year track record in posting double-digit net returns to investors annually, backed by senior-secured real estate collateral. The Hub Apartments is a 1,044-bed, 282-unit luxury student housing development in Orem, Utah slated for initial lease-up during the Summer of 2020, central to Prospera’s model.

The manager’s principals are experienced in this asset class and real estate finance. One  grew up in a reputable builder/developer family, which exposed him professionally to development and construction of thousands of doors . Over a successful 27-year career, he has personally owned, operated, and developed in various commercial and residential asset classes, including the successful student housing project adjacent to The Hub. Another has originated and underwritten over a billion dollars in commercial real estate transactions over the past decade and manages a portfolio of quality projects. Precision asset and wealth management have led to a 100% recovery rate with no losses on principal to date. The remainder of the team has another 25 years and thousands of doors of multifamily and student housing development and management experience, bringing a tremendous value to the project as members of the team. In addition to the strength of the project itself, Prospera Growth Fund is backed by a portfolio of quality underlying assets and equity.