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Lessons From a Builder s Offsite Construction Journey | Building Design + Construction
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Mixed-use project near San Francisco stays on schedule with steel framing approach
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Prescient Announces $190 Million Strategic Investment Led by Long-Term Investors Eldridge and JE Dunn
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Dive Brief:
Digital design-build company Prescient announced today that it has closed a $190 million strategic investment and bonding support deal led by two long-term investors: Kansas City, Missouri-based construction firm JE Dunn and Greenwich, Connecticut-based holding company Eldridge.
The capital will accelerate Prescient s expansion and growth in the multifamily sector, according to a release shared with Construction Dive.
Since its founding in 2012, Prescient has completed 57 projects across the United States including hotels, student and senior housing, military barracks and apartment buildings.
Dive Insight:
The Charlotte, North Carolina-based company leverages offsite manufacturing and lightweight steel construction to help developers and general contractors create multifamily and hospitality projects more quickly and with less expense, according to the firm. All of its components are made from 100% recycled steel that can be taken apart, reused or recycled, the c
CHARLOTTE – Two long-time investors, Eldridge and JE Dunn, have led a $190 million strategic investment and bonding support round to fuel the expansion and growth of Prescient, a digital design company and advanced architectural software company that focuses in providing technology solutions for the multifamily industry.
“Prescient has demonstrated the benefits of its unique proprietary platform over the last eight years, which has provided our customers with an ideal solution to build faster and more economically,” said Magued Eldaief, CEO of Prescient in a statement issued by the company. “The support of Eldridge and JE Dunn is indicative of the strength of our technology, the progress we have made in getting market acceptance for our product, our business strategy and the significant growth opportunity ahead of us.”