NC A and T Real Estate Foundation

What NC A and T Real Estate Foundation does

NC A&T Real Estate Foundation, Inc. is a private nonprofit foundation affiliated with North Carolina A&T State University, headquartered at 1806 E. Market Street in Greensboro, NC. Originally chartered on March 9, 1946 as the North Carolina A&T University Foundation, Inc., the organization reorganized and rebranded as the North Carolina A&T Real Estate Foundation on July 30, 2015 with a primary purpose of using real estate transactions as a tool to support the university's strategic goals. The Foundation operates across three verticals: (1) student housing under the unified Aggie Apartment Life brand, comprising nine off-campus apartment communities plus on-campus assets (Pride Hall 437 beds, Aggie Suites E&F combined 802 beds, Aggie Terrace 58 beds) and the Child Development Lab; (2) commercial real estate including the 30,000 sq ft NC A&T Alumni-Foundation Event Center, ~29,000 sq ft of warehouse and small office space at 500 Benbow Road; and (3) The Resurgent, a 275,000+ sq ft mixed-use, multi-phase development whose Phase I ($32M, financed in part through New Market Tax Credits) is a five-story Class A office building anchored by Cone Health Urgent Care. Workforce totals 11–50, with leadership including Interim Executive Director Sheena Jerman and Managing Director of Finance Carlton C. Ray (joined September 2024). Day-to-day residential operations are outsourced to Burkely Communities; architectural and general contracting services for The Resurgent are provided by CJMW and Samet Corporation respectively.

Revenue mechanics are recurring and tenant-based: semester-priced rental income from student housing ($3,871.88–$4,650 per semester per bedroom, with payment plans processable through NC A&T financial aid), rental income from the Event Center (conferences, reunions, celebrations, bookable via ncatalumnieventcenter.com), commercial lease income from office and warehouse tenants, and an emerging revenue line from The Resurgent's healthcare and entrepreneurial office tenants. Go-to-market is direct: the Foundation's website and the university's internal communications (Aggie Alerts, orientation, Off-Campus Housing Fair) drive tenant leads, with property management, parking enforcement, and 24-hour emergency maintenance handled through Burkely. Underlying technology includes AppFolio for property management, dedicated AggiePride and Aggie_Guest Wi-Fi networks, and keyless entry systems deployed across residential communities. Pricing is disclosed publicly and fluctuates by community and unit configuration; positioning emphasizes university affiliation, financial-aid-accessible payments, and location within 0.1–2.0 miles of campus.

Name

NC A and T Real Estate Foundation

Legal name

NC A&T Real Estate Foundation, Inc.

Website

https://ncatrealestatefoundation.org

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

11–50 employees

Short description

NC A&T Real Estate Foundation is a nonprofit foundation affiliated with North Carolina A&T State University that operates nine off-campus student apartment communities, on-campus residence halls, a 30,000 sq ft event center, and a 275,000+ sq ft mixed-use development in Greensboro, NC.

Ownership category

akta.pro rank

Product category

University-Affiliated Real Estate Services

NAICS

Other Activities Related to Real Estate (531390)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

akta.pro secondary industry

Corporate Foundations & CSR Grantmaking (BPAGAKAC)

Keywords

• Student housing management
• University real estate services
• Event venue rentals
• Commercial property leasing
• Mixed-use development

Headquarters

HQ city

Greensboro

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Student Housing Rent: Semester-based rental payments from students living in off-campus apartment communities. Payments can be made through financial aid plans.
2. Event Center Rentals: Rental income from the 30,000 square foot Alumni-Foundation Event Center available for public rental for meetings, conferences, social gatherings, reunions, and celebrations.
3. Commercial Real Estate: Rental income from small office space at 500 Benbow Road and warehouse space at approximately 29,000 net square feet.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

NC A&T Real Estate Foundation is a nonprofit foundation affiliated with North Carolina A&T State University that owns, develops, and manages a real estate portfolio including nine off-campus student apartment communities under the Aggie Apartment Life brand, on-campus residence halls, a 30,000 sq ft event center, commercial office and warehouse space, and a large-scale mixed-use development called The Resurgent. The foundation's primary purpose is to use real estate transactions as a tool to support the university's strategic goals while generating revenue through rents and leases.

Product overview

The NC A&T Real Estate Foundation operates a diverse real estate portfolio supporting North Carolina A&T State University's strategic goals. The core offering is Aggie Apartment Life, a portfolio of nine student housing communities (Aggie Pointe, Preeminent Pointe, University Pointe, Collegiate Commons, Campus Edge, Sebastian Villages, and University Landing) providing off-campus housing with semester-based payment plans. Supporting this are on-campus residence halls (Pride Hall, Aggie Terrace, Aggie Suites E & F) and the Child Development Lab preschool facility. Commercial operations include the NC A&T Alumni-Foundation Event Center (30,000 sq ft venue), Small Office and Warehouse spaces, and The Resurgent (275,000+ sq ft mixed-use development in progress). The Foundation also runs an Internship Program and sponsors the Aggie Real Estate Society student organization. All properties are managed in partnership with Burkely Communities for residential operations.

Differentiator

Problem solved

Functional benefit

Brands

• Aggie Apartment Life: A collective brand for nine off-campus student apartment communities managed by the Foundation, offering furnished housing near NC A&T campus with amenities and financial aid payment options.

Products and services

• Aggie Apartment Life A portfolio of nine off-campus student housing apartment communities near NC A&T State University, offering furnished apartments with amenities, semester-based payment plans processable through financial aid, and property management services for undergraduate, graduate, and professional students.
• NC A&T Alumni-Foundation Event Center

Quantifiable outcome

• Nine communities acquired within walking distance of main campus
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Cone HealthcoreStrategic or Co-development Partner · 1 January 2024Phase I ownership partnership with Cone Health for The Resurgent mixed-use development. Cone Health will occupy the first two floors of the five-story Class A office building, providing Urgent Care and Practitioner Care to the East Greensboro community that has experienced decades of being in a healthcare desert.
• Samet CorporationcoreStrategic or Co-development Partner · 1 January 2024General Contractor for The Resurgent Phase I five-story Class A office building development.
• CJMWcoreTechnology or Integration · 1 January 2024Architecture firm for The Resurgent development, designed the five-story Class A office building.
• Butler Snow Law FirmminorOthers · 1 January 2024Acknowledged for support of The Resurgent development project.
• East Greensboro Entrepreneurial Hub / SBTDCcoreStrategic or Co-development Partner · 1 January 2024Will house regional SBTDC offices and Center of Excellence for Entrepreneurship & Innovation in The Resurgent building, supporting small business development in East Greensboro.
• Burkely CommunitiescoreChannel Partner/ Reseller/ Distributor · 1 January 2020Property management company managing student housing communities since 2020. As of February 8, 2024, Burkely began managing University Pointe. They have served residents for over 30 years providing superior living experience.
• Valet LivingminorOthersProvides valet trash collection services for Aggie Apartment Life communities, collecting doorstep waste between 6-8pm.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• The Annex Group: Purpose-built student housing developer focused on university markets across the U.S. Comparable to NC A&T in developing and operating student housing communities with similar customer base (university students seeking off-campus housing) and product type.
• Cardinal Group Companies: Student housing and multifamily real estate developer and operator serving university students and young professionals. Similar target customer and product offering to NC A&T's student housing portfolio, with comparable furnished apartment communities and amenity packages.
• Landmark Properties: Purpose-built student housing developer with similar product offering (furnished, amenity-rich apartment communities near universities) and target customer to NC A&T's Aggie Apartment Life brand. Comparable lease-up and operational challenges.
• Campus Apartments: Student housing owner, operator, and developer serving universities nationwide with a similar product offering (furnished apartment communities near campus) and customer base (university students) to NC A&T's Aggie Apartment Life portfolio.
• The Bainbridge Companies: Multifamily developer and operator with similar Class A residential development and lease-up expertise to the components planned for The Resurgent, including ground-up development and stabilized asset management.

Broad incumbents

• American Campus Communities: Student housing REIT (now part of Blackstone) that develops, owns, and manages on-campus and off-campus student housing communities. Directly comparable product offering and target customer to NC A&T's nine off-campus apartment communities and on-campus residences (Pride Hall, Aggie Suites).
• Greystar Real Estate Partners: World's largest student housing operator with a global portfolio of purpose-built student housing communities serving university students. Directly comparable business model and target customer (college students) to NC A&T's Aggie Apartment Life, though Greystar operates at materially larger scale across multiple universities and geographies.
• JPI: National multifamily developer represented on NC A&T's board by Chair Adrienne Bain. Comparable in developing Class A residential and mixed-use projects, including the office and residential components planned for The Resurgent mixed-use development.

Others

• Local Initiatives Support Corporation (LISC): Community development financial institution supporting real estate projects in underserved communities through NMTC and other impact-oriented financing structures. Directly comparable to the financing approach used by NC A&T for The Resurgent development in East Greensboro.
• Enterprise Community Partners: National community development organization with deep New Market Tax Credit expertise and a focus on real estate projects in underserved census tracts. Comparable to NC A&T's approach in using NMTC financing for community-oriented real estate development, including The Resurgent's healthcare and entrepreneurial components.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks4 records

Key highlights7 records

Customer concentration

• Xx.com/ncat_re_fdn
• Facebookfacebook.com/NCATREFoundation

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NC A and T Real Estate Foundation