PJET announces technology alternative to $ 16 billion investment in student housing
Posted: October 21, 2021 at 10:33 a.m. CDT|Update: 12 hours ago
DALLAS, 21 October 2021 / PRNewswire / – Priority Aviation, Inc. (USOTC: PJET) (“PJET”) today announced that the company is developing an app it plans to launch before year-end that is essentially the Airbnb student accommodation.
United States around 4000 universities among more than 25,000 universities around the world. Student accommodation is scarce with only one estimate 22% students living on campus. Rents have been regularly increasing, even through Covid, since 2017. New student housing projects are dominated by a handful of large investment firms that are putting $ 16 billion one year in the construction of new student accommodation.
Earlier this year, PJET began developing a sharing economy app called SHBO (Student Housing by Owner) to enable listing of properties near universities for rent by students to include entire properties, additional rooms and roommates. The SHBO app is expected to launch in beta before the end of 2021.
The company is also in talks to acquire a physical asset that will be used to test, refine and demonstrate technology currently under development while generating revenue at the same time. The property is close to a university in the state of Texas.
Recently, PJET’s majority shareholder, ACI Conglomerated, decided on a new business direction outside the cannabis industry. ACI is also the majority shareholder of North American Cannabis Holdings, Inc. (USMJ) and Puration, Inc. (PURA). With two companies already present in the cannabis market, ACI is diversifying with PJET.
PJET recently updated its required disclosures with OTC Markets to restore the current state of information.
Expect to learn more about the company’s new business direction.
Periodically visit the new company website to check for the latest updates
Company Website – www.pjet-info.com
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SOURCE Priority Aviation Inc.
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