GET A PIECE OF PARK STREET HOMES BY PARK STREET COMPANIES
Building a better Texas!
Park Street Homes is a Houston-based home-building company that transforms spaces into stylish, affordable entry-level homes. The company generated almost $4 million in revenue in 2022.
$122,483.97 Raised
REASONS TO INVEST
Park Street Homes is giving individuals and families who might typically struggle to find affordable homes in America’s major urban centers a chance to create high-quality, affordable homes in favorable locations.
The company is a leading home builder, currently specializing in the Texas housing market. The company is specifically focusing on the booming markets of Houston, Dallas, Austin, and San Antonio, which were valued at $4.3 billion in February of 2023.
As recipients of the 2021 GHBC Pinnacle Award and the 2021 Comcast Rise Award, Park Street Homes is positioned to grow with our exceptional team, 20 custom-designed home plans, and 8 development projects underway.
the pitch
The Park Street Homes’ Impact: Serving & Empowering Communities
Park Street Homes is an African American- founded company with a unique approach to home building, transforming infill spaces into beautiful, affordable, and sustainable entry-level and move-up homes. But we're more than just builders; we're visionaries committed to creating inclusive communities that are sustainable, inclusive, and affordable for all. At Park Street Homes, we believe that everyone deserves a high-quality, designer-curated home that stands the test of time. With a focus on functionality, sustainability, and affordability, we craft living spaces that offer a truly unique experience.
But we don't stop there. Park Street Homes is dedicated to giving back and making a positive difference in urban communities. Through our service projects, like block cleanups, park restorations, and even bike giveaways, we empower residents with resources and knowledge. By fostering a sense of place that is valued by both existing and new residents, we promote social equity and community engagement. Our mission is to build a better Texas– one home at a time.
THE Problem & our solution
A Sustainable & Affordable Approach to Urban Home Building
Let's face it: affordable housing is a major problem in US cities. Nearly half of Americans (49%) say the availability of affordable housing in their local community is a major problem. (Source) As workers are forced to search for affordable housing farther away from their workplaces, long commutes take a toll on their quality of life and productivity, and increase the employee turnover rate. (Source) That's where Park Street Homes comes in.
*www.pewresearch.org/social-trends/2021/12/16/americans-are-less-likely-than-before-covid-19-to-want-to-live-in-cities-more-likely-to-prefer-suburbs/
We understand the challenges faced by individuals and families in their quest for affordable and quality housing in major US urban centers. Our unique approach to infill redevelopment and community-focused design and construction allows us to provide tailored housing solutions that meet their needs. By creating communities that seamlessly integrate into the urban landscape and foster a sense of belonging, Park Street Homes is bridging the market gap and offering valuable solutions for those seeking affordable, high-quality homes in prime locations.
Park Street Homes not only builds homes, but contributes to the communities we serve through service projects to help empower and educate residents. Plus, our implementation of architectural designs complement surrounding homes, adding resident value and enhancing the overall neighborhood. Our mixed income urban housing combines affordable and market-rate units to promote economic diversity and create inclusive communities. Additionally, our restorative real estate development approach considers the social, economic, and environmental impact of our projects, repairing, revitalizing, and reimagining communities in a holistic manner.
the market & our traction
Urban Areas Demand Affordable Houses
Park Street Homes is a leading single-home builder specializing in the vibrant Texas market, primarily in Houston, Dallas, Austin, and San Antonio, where demand for new construction housing is collectively valued at $4.3B. (Source) We believe that Park Street Homes is positioned to thrive in this market and is ready to address the growing demand for affordable housing in urban areas through our unique focus on infill redevelopment and community-centric design.
With the emergence of green building practices and smart home technologies, Park Street Homes is at the forefront of creating sustainable and energy-efficient homes that enhance the quality of life for homeowners. (Source) By strategically integrating renewable energy sources and promoting energy efficiency, we're reshaping the landscape of the industry and offering a valuable solution to the market.
With over 40 completed homes and 8 development projects in progress, Park Street Homes is rapidly meeting the demands of the market. Our portfolio boasts over 20 custom-designed home plans that buyers love and we’ve already successfully raised and returned over $6 million from previous project-based investments, solidifying our financial prowess. We’ve also received industry recognition with accolades such as the 2021 Pinnacle Award from the GHBC and the 2021 Comcast Rise Award. Most recently, we’ve completed the Brook Cove Community, a stunning gated community of 26 homes near Houston's Medical Center, and we are in the process of acquiring our first site for a 100+ home community.
With a track record of revenue growth, starting with $600k in annual revenue in 2016, to generating almost $4 million in revenue in 2022, Park Street Homes is making big moves in the Texas market and we plan to continue expanding to help serve homebuyers seeking high-quality homes in prime locations across the US.
why invest
Join Us in Transforming Lives and Building Better Communities
As the demand for affordable urban housing skyrockets, we believe Park Street Homes is uniquely positioned to capitalize on this growing trend, by exploring cutting-edge construction methods and materials to further enhance our homes' sustainability and energy efficiency, setting new industry standards. Over the next few years, our focus will be on rapid expansion into Dallas, Austin, and San Antonio, and a mission to revolutionize the housing market by providing exceptional, sustainable, and community-centered homes.
With over 25 years of diverse leadership experience, awards such as the 2021 Pinnacle Award and the 2021 Comcast Uprise Award, we believe Park Street Homes is a reliable choice for those seeking high-quality homes. (Source) By investing in us, you're not only supporting the creation of high-quality, beautifully designed homes, but also contributing to a company that is committed to shaping a better future for the home building industry. We’re ready to transform the housing market by providing exceptional, sustainable, and community-centered homes.
Become part of a visionary, mission-driven organization that genuinely impacts lives. Join us in our journey to transform lives and build better communities. Invest in Park Street Homes today!
ABOUT
HEADQUARTERS
2000 Crawford Suite 1350
Houston, TX 77002
WEBSITE
View Site
Park Street Homes is a Houston-based home-building company that transforms spaces into stylish, affordable entry-level homes. The company generated almost $4 million in revenue in 2022.
TEAM
Kevan Shelton
CEO, Co-Founder, Principal Accounting Officer
With a strong background in construction and real estate, Kevan leads the company with passion and a commitment to creating lasting impact by changing the face of home building.
Under his leadership, Park Street Homes aims to bridge the wealth gap by offering affordable housing solutions and accessible investment opportunities to a diverse range of individuals.
Ayesha Shelton
Head of Sales, Co-Founder, Board Member
With several years of experience in the real estate industry, Ayesha has developed a deep understanding of the market and a strong network of clients and industry partners. Her ability to connect with people has made her one of the most respected and sought-after real estate agents in the region.
Ayesha's commitment to excellence and her unwavering determination have made her an invaluable asset to Park Street Homes and the communities it serves.
TERMS
Park Street Homes by Park Street Companies
Overview
PRICE PER SHARE
$2
DEADLINE
Dec. 18, 2023 at 7:59 AM UTC
VALUATION
$20M
FUNDING GOAL
$15k - $1.24M
Breakdown
MIN INVESTMENT
$500
MAX INVESTMENT
$1,235,000
MIN NUMBER OF SHARES OFFERED
7,500
MAX NUMBER OF SHARES OFFERED
617,500
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Non-Voting Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Time-Based Perks
Early Bronze
Invest $500+ (minimum investment) within the first two weeks and receive 3% bonus shares
Early Silver
Invest $1,000+ within the first two weeks and receive 5% bonus shares
Early Gold
Invest $2,500+ within the first two weeks and receive 7% bonus shares
Early Platinum
Invest $10,000+ within the first two weeks and receive 10% bonus shares
Volume-Based Perks
Tier 1 | $500
Invest $500+ and receive invitation to Private Investor Group, Quarterly updates
Tier 2 | $5,000
Invest $5,000+ and receive digital Marriage & Real Estate conference ticket + 3% bonus shares
Tier 3 | $10,000
Invest $10,000+ and receive in-person ticket to Marriage & Real Estate conference in Houston + 5% bonus shares
Tier 4 | $25,000
Invest $25,000+ and receive virtual time with founder + 7% bonus shares
Tier 5 | $50,000
Invest $50,000+ and receive a Builder for a day experience in Houston; Walk on-site, manage contractors, and gain invaluable insights (lodging included) + 10% bonus shares
Loyalty Bonus
Reservation Holders in the Testing the Waters Campaign will receive 5% bonus shares.
The 10% StartEngine Owners' Bonus
Park Street Homes will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of non-voting Common Stock at $2.00 / share, you will receive 10 additional shares of non-voting Common Stock, meaning you'll own 110 shares for $200. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
* In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
**Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.
***Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the Loyalty Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
ALL UPDATES
REWARDS
10%
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
Owner’s Bonus
Owner’s Bonus Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$500
Tier 1 | $500
Invest $500+ and receive invitation to Private Investor Group, Quarterly updates
$5,000
Tier 2 | $5,000
Invest $5,000+ and receive digital Marriage & Real Estate conference ticket + 3% bonus shares
$10,000
Tier 3 | $10,000
Invest $10,000+ and receive in-person ticket to Marriage & Real Estate conference in Houston + 5% bonus shares
$25,000
Tier 4 | $25,000
Invest $25,000+ and receive virtual time with founder + 7% bonus shares
$50,000
Tier 5 | $50,000
Invest $50,000+ and receive a Builder for a day experience in Houston; Walk on-site, manage contractors, and gain invaluable insights (lodging included) + 10% bonus shares
JOIN THE DISCUSSION
0/2500
DEKENDRIA JOHNSON
a month ago
Thanks. Because I didn't see anything
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DEKENDRIA JOHNSON
a month ago
Where is my investment ?? Money was withdrawn and deposited. But when I look for the invest it's not found .. now I'm getting emails asking to complete
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Theodore Lyons
2 months ago
Hi there, a) What is your most recent monthly burn rate? b) What is your most recent monthly cash on hand? c) Are you raising a parallel angel or VC round simultaneously? If yes, who is investing in this round?
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David Amin
2 months ago
What is the exit strategy ? or is this a profit share play ? On a NOI of 144K a $20M valuation is very unusual and very risky as an investment.
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LD Freeman
2 months ago
Hello, congrats on your family's success in real estate. My question is around your investor model. I've done a lot of real estate (RE) joint ventures (JV). RE JV models usually have a preferred returned, profit splits (after preferred return), and management fees with an expected IRR of 14%+ and hold period of 5-7 years. I understand you going the CF route, however I don't understand the exit strategy to get my principle and return back. Unlike other type of start-ups (like tech), RE is pretty transactional, with an expected start and end date. So, what is the hold period and exit strategy for the business.
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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Crowdfunding
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
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For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
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Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Edward McIntyre
13 days ago
Hello Kevan & Ayesha, I am so pleased by your community presence in Houston area where my father was born raised and near the area where I currently live now. I am happy to say I have means left to still invest for year 2023- now that I gave StartEngine a chunk for the third time in as many years; nevertheless, I am eyeing your company; however, someone here asked you some questions that resonated with me but, you did not answered him- other than a thank you. I will purchase your stock upon your response to these unanswered questions by the 23rd or else unfortunately, I will have to move on too. ....... LD Freeman 2 months ago Hello, congrats on your family's success in real estate. My question is around your investor model. I've done a lot of real estate (RE) joint ventures (JV). RE JV models usually have a preferred returned, profit splits (after preferred return), and management fees with an expected IRR of 14%+ and hold period of 5-7 years. I understand you going the CF route, however I don't understand the exit strategy to get my principle and return back. Unlike other type of start-ups (like tech), RE is pretty transactional, with an expected start and end date. So, what is the hold period and exit strategy for the business. ........ Ok that was the questions from 2 months ago- so if you did answer him then, I don't see your full response on this site and ask of you to either resubmit your response or, just answer the questions asked so I and whomever else here may have concise clarification. Thank you so and look forward to relishing in the ParkStreet family of investors.
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