Project Overview
The Grad (previously known as “The Graduate”) is a Behring Regional Center EB-5 investment, created in partnership with AMCAL and Swenson to deliver a state-of-the-art, 19-story student housing tower adjacent to San Jose State University. With $188 million in total development costs, including $28.5 million in EB-5 financing, the Project addresses the acute shortage of modern, purpose-built housing for SJSU’s 30,000+ students. The Grad provides 260 fully furnished units (1,039 beds) and over 14,750 sq. ft. of ground-floor retail space, complemented by a four-level parking garage, rooftop pool deck, fitness center, and study lounges.
The Project completed construction in 2020 and was refinanced in November, 2021, repaying 100% of the EB-5 Partnership’s loan. The Project created 3,091 jobs, exceeding minimum USCIS EB-5 program requirements by a wide margin.
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Features & Advantages
The Graduate is an incredible 19-Story, 260 unit, 1,000+ bed student housing style apartment building located 1 block away from San Jose State University. The Project completed construction in 2020 and was sold in 2021.
Silicon Valley Location
Located 469 feet from the main entrance to San Jose State University. 5 minute walk from the trendy SoFA district of San Jose. 98% occupancy for On-Campus housing with 600 student wait list/
Construction Complete
Construction began in December 2017. Construction completed in 2020 and 100% of job creation required for all EB-5 investors is complete. The Project was sold in 2021.
Ideal Student Housing
First class student-focused amenities: fully furnished suites, private & shared study lougues, business center & computer lab, coffee bar, yoga studio, 2,600 SF fitness center, and resort style swimming pool & spa.
University Housing Shortage
As of 2017, San Jose State University’s on-campus student housing had a 98% occupancy rate and 1,400+ students were wait-listed for on campus housing.
Low Risk Business Model
Loan-style investment with a construction completion guarantee, indirect job creation guarantee, and an equity pledge from the project developer. Click here to learn more about our project protections and guarantees.
Top Quality Development Team
Top tier development team with over 100 years of development and construction history in California.
