1-U 1 tv507054_1u.htm FORM 1-U

  

 

  

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

  

 

FORM 1-U

 

CURRENT REPORT

Pursuant Regulation A of the Securities Act of 1933

 

Date of Report (Date of earliest event reported): November 13, 2018

 

  

BRIX STUDENT HOUSING REIT, INC.

(Exact name of issuer as specified in its charter)

 

Maryland 82-3250317 
(State or other jurisdiction of incorporation) (IRS Employer Identification No.)

 

3090 Bristol Street, Suite 550, Costa Mesa, CA 92626
(Full mailing address of principal executive offices) (ZIP Code)

 

(855) 742-4862

(Issuer’s telephone number, including area code)

 

Title of each class of securities issued pursuant to Regulation A: Common Stock

 

 

 

 

 

 

 

Item 9. Other Events

 

On November 13, 2018, the board of directors of Brix Student Housing REIT, Inc. (the “Company”) approved a CEO succession plan whereby Mr. Aaron S. Halfacre has been appointed Chief Executive Officer and President, and elected as a Director of the Company effective January 1, 2019. Mr. Halfacre replaces Mr. Harold C. Hofer who has resigned as Chief Executive Officer, President and a Director of the Company effective at the close of business on December 31, 2018.

 

Effective January 1, 2019, Mr. Halfacre, 46, will also become the Chief Executive Officer and a Manager of the Company’s sponsor, BrixInvest, LLC (dba “Rich Uncles”); the Chief Executive Officer, President and a Trust Manager of affiliated REIT, Rich Uncles Real Estate Investment Trust I; and the Chief Executive Officer, President and a Director of affiliated REIT, RW Holdings NNN REIT, Inc. Mr. Hofer will assume the role of non-executive Vice Chairman of BrixInvest, LLC, where he will also remain on the Board of Managers.

 

Mr. Halfacre is currently President of Rich Uncles. From January 2018 to July 2018, Mr. Halfacre served as President of Realty Mogul, Co., a real estate crowdfunding platform and its affiliates, MogulREIT I, LLC, a non-traded public real estate investment trust that invests in and manages a diversified portfolio of commercial real estate investments, including loans, equity in commercial real estate ventures and other real estate-related assets; and MogulREIT II, LLC, a non-traded public real estate investment trust that owns and manages a diversified portfolio of preferred equity and joint venture equity investments in multifamily properties located in target markets throughout the United States. From April 2016 to the present, Mr. Halfacre serves as a Co-Founder of Persistent Properties, LLC which manages a multi-family portfolio focused on workforce housing. From July 2014 to March 2016, Mr. Halfacre served as president and chief investment officer of Campus Crest Communities, Inc., a publicly-traded real estate investment trust focusing on the ownership, development, building and management of student housing properties throughout the United States. From October 2012 to May 2014, Mr. Halfacre served as senior vice president and head of strategic relations at Cole Capital Corporation, where he oversaw all investor and strategic capital relationships. From November 2005 to December 2010, Mr. Halfacre served as the chief of staff and head of product development of the real estate group at BlackRock, a global investment management corporation. From June 2004 to November 2005, Mr. Halfacre served as director of investor relations for Green Street Advisors, a premier independent research and advisory firm concentrating on the commercial real estate industry in North America and Europe. Mr. Halfacre holds both Chartered Financial Analyst® and Chartered Alternative Investment Analyst® designations and received a Master of Business Administration from Rice University.

 

There are no arrangements or understandings between Mr. Halfacre and any other person pursuant to which he was appointed to serve as an executive officer or elected as a director of the Company. There are also no family relationships between Mr. Halfacre and any director or executive officer of the Company, and Mr. Halfacre does not have a direct or indirect material interest in any “related party” transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

  

 

 

 

SIGNATURE

 

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

BRIX STUDENT HOUSING REIT, INC.

(Exact name of issuer as specified in its charter)

 
     
     
  By:   /s/ RAYMOND J. PACINI  
    Raymond J. Pacini  
    Chief Financial Officer   

 

Date: November 13, 2018