Prescient Announces a $90 Million Financing Commitment from Eldridge
Prescient, a digital design-build company leveraging precision off-site manufacturing to industrialize multi-unit housing construction, today announced it has received a $90 million financing commitment from Eldridge, a holding company with a unique network of businesses across finance, technology, real estate, and entertainment.
- Prescient, a digital design-build company leveraging precision off-site manufacturing to industrialize multi-unit housing construction, today announced it has received a $90 million financing commitment from Eldridge, a holding company with a unique network of businesses across finance, technology, real estate, and entertainment.
- This latest financial commitment made by Eldridge demonstrates the confidence and commitment of the investment group we have behind us, said Loren Bough, Chairman of Prescient.
- We believe Prescient is an industry disruptor, with demonstrated capabilities to directly address the challenging issue of housing affordability around the world, said Tony Minella, Co-founder and President of Eldridge.
- Since 2013, Prescient has completed 50 buildings and 8.3 million square feet of multi-unit housing including: condos, market-rate apartments, student housing, senior living, armed forces housing and corporate housing.