Recently the Board formally engaged with SAE Financial & Housing Corporation (SAE F&H) to provide property management services for the House at 200 E Beaver Ave. The services are delivered by Greek Housing Management (GHM is a subsidiary of SAE FInancial & Housing).
SAE Financial & Housing Corporation is an entity separate from the Fraternity Service Center (HQ based in Evanston, IL at the Levere Memorial Temple). We are a non-profit, real estate development and investment company committed to preserving SAE fraternity houses across the realm through industry-leading property ownership and management. At Pennsylvania Alpha Zeta, prior to engaging in GHM’s property management, we were (and continue) to provide financial management services to the collegiate chapter (billing and collections). With this expanded role with the Board, we now assist the chapter in securing subleases with the membership, as well as day-to-day property operations.
Across the realm, we currently own/operate 13 SAE properties and provide management services to 8 chapters/house corporations. Many times, a house corporation seeks out our assistance due to difficult financial times, a rundown property, and poor board recruitment/participation. In the case of PAAZ, this is not the case. Due to the collegiate chapter’s re-Chartering in 2022 and a long relationship between PAAZ volunteers and SAE F&H, discussions occurred for nearly 12 months on how the chapter and property might benefit through a partnership with SAE F&H.
As many of you may know, the Board is “staffed” with a diverse array of active alumni from complementary professional backgrounds. In addition, due to the Phi Sigma Sigma tenant relationship, finances in relation to the property are well established.
SAE Financial & Housing Corporation’s first priority is the safety and comfort of Members, guests, and staff. The Chapter House Rules are expected to be followed at all times. Read and Download a copy of the House Rules.
So why Greek Housing Management?
Our model includes many tried and true sustainable housing practices focused on safe and healthy chapter housing:
- Live-in House Director (year-round)
- Professional Housekeeping (weekly)
- Monday – Friday meal plan
- Cloud based, property management interface handling leasing, maintenance request/tracking, tenant communications and financials
- Serving also as the collegiate chapter’s manager, all chapter billing occurs via GHM – room/board, fraternity fees and all expenses collected and paid by GHM (Board gets their monthly rent)
As an alumnus of the chapter, please reach out if you have questions. Potential questions (we have already received some) would include:
I plan to visit State College, can I visit the house?
As you might be aware, safety and security in/around college campuses is a significant issue in this day and age. With our soon-to-be (late summer 2023) onsite house director, we can most likely accommodate access/tour of the common areas of the house with advanced notice/appointment.
My class wants to have a reunion in State College, including a house tour or small gathering at the house. How do I plan/schedule?
We have already received requests for small gatherings/events like this for summer 2024. Contact us to find out more details and be ahead of the game.
I want to help the house financially, what plans does the Board have in relation to house projects/improvements that I might fund?
The Board still owns and plans projects, fundraising, etc. Support is always welcome and the Board is excited to once again welcome SAEs as the students living in the house.
JP Andrick (Frostburg ‘97)
Senior Director of Operations – East & West SAE FInancial & Housing
www.saehousing.net
[email protected]
847.513.2378
