Pi Kappa Phi Properties is an incorporated entity with the sole purpose of providing housing and management expertise for chapters of Pi Kappa Phi Fraternity. The Fraternity believes housing can be a tremendous educational resource and, when utilized correctly, can play an important role in ensuring the long-term strength of a chapter. Since its incorporation in 1966, PKP Properties has acquired houses through purchase or administration of lease relationships with university facilities. Presently, PKP Properties in focusing on providing housing for newly chartered (and existing) chapters and is committed to assisting in the creation of local Housing Corporations and finding solutions to living arrangements.
National Housing Corporation
PKP Properties is a strong, professionally managed, national
fraternity housing corporation with a diverse portfolio and
an excellent payment record to various lenders nationwide.
The corporation has assets in excess of $4.9 million and a
net worth (based on cost) of over $2.5 million. Since its
inception, PKP Properties has owned and operated more than
37 student-living facilities.
Professional Management
As a separate affiliate of the Fraternity, PKP Properties
is governed by a board of eight alumni volunteers. Invariably,
these individuals have real estate, banking and legal expertise.
PKP Properties is managed by a full-time salaried staff who administer the portfolio, perform on-site consulting and publish written materials pertaining to the purchase, maintenance and supervision of fraternity housing.
Infrastructure Loan Fund
PKP Properties retains a managed housing loan fund. The money
is made available to our local housing corporations in the
form of infrastructure loans, with the purpose of developing
and improving living conditions for the undergraduate members.
Some projects that have utilized this loan have included both
interior and exterior improvements, second mortgages, new
roofing and updated plumbing.
An Educational Resource
The extensive Housing Corporation Manual Series is provided
as a service to our local alumni to educate them in proper
chapter house management. The series covers important topics
such as tax management, insurance and relations with the student
chapter.
Through a dedicated effort toward providing the best housing corporation information source in the fraternity world, the manual series represents 10 years of concentrated effort.