Business
PJET Announces Technology Alternative To $16 Billion In Student Housing Investment
PJET Announces Technology Alternative To $16 Billion In Student Housing Investment.
About this update from Priority Aviation, Inc.
[{"type":"text","content":"\n\n\n\nPJET Announces Technology Alternative To $16 Billion In Student Housing Investment\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nPJET Announces Technology Alternative To $16 Billion In Student Housing Investment\nPR Newswire\nDALLAS, Oct. 21, 2021\n\n\n\nDALLAS, Oct. 21, 2021 /PRNewswire/ -- Priority Aviation, Inc. (USOTC: PJET) (\"PJET\") today announced the company has been developing an application it expects to launch before the end of the year that is essentially the Airbnb of student housing. \nThe United States has approximately 4,000 universities among more than 25,000 universities globally.  Student housing is in short supply with only an estimated 22% of students living on campus.  Rents have been steadily increasing, even through Covid, since 2017.  New student housing projects are dominated by a handful of large investment firms that are putting an estimated $16 billion a year into building new student housing.\nEarlier this year, PJET began developing a sharing economy application called SHBO (student housing by owner) to enable the listing of properties near universities for rent by students to include entire properties, extra rooms, and roommates.  The SHBO App is anticipated to beta launch before the end of 2021.\nThe company is also in discussions to acquire a physical asset that will be used to test, refine, and demonstrate the technology currently under development while generating revenue at the same time.  The property is near a university in the state of Texas.\nRecently, the majority shareholder of PJET, ACI Conglomerated, has 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 business already in the cannabis marketplace, ACI is diversifying with PJET.\nPJET has lately updated its required disclosures with OTC Markets to reestablish current information status.  \nLook for much more to be coming soon on the company's new business direction.\nVisit the company's n...