Phi Kappa Theta National Fraternity - P.K.T. Properties, Inc.

History

P.K.T. National Properties, Inc. was founded in 1955 as Phi Kappa Real Estate Holding Corporation. In the past it has often purchased or leased real estate for use as fraternity houses, and helped Chapters by owning, maintaining, and improving them.

Since 1971, Properties has attempted to see that an alumni corporation within the same city owns real estate for chapter use. Therefore, chapters have been aided by Properties through their alumni corporation, by co-signing notes, making loans for down payments on houses and other related housing problems.

Mission Statement

PKT National Properties has two main purposes. Those are:

1. Acquiring, by purchase, lease or otherwise, real estate, for use as fraternity houses, and owning, maintaining and improving the same for the accommodation, convenience and pleasure of the members of any of the local alumni or national chapter of Phi Kappa Theta Fraternity;

2. Providing services relating to property ownership and property safety to any of the local alumni or national chapter of Phi Kappa Theta Fraternity.

In an attempt to meet the needs of our housing corporations and, indirectly, our undergraduate chapters, PKT Properties offers the following services to all dues paying boards:

1. Directors and Officers liability insurance.

2. Access to real estate, banking, legal, Certified Public Accountant, and consulting expertise.

3. Assistance with property insurance quotes and policy comparisons to ensure the lowest premiums with the greatest coverage.

4. Benefits of our national partnership with SimplexGrinnell for fire safety and sprinkler system quotes/installation/monitoring.

5. Budgeting 101 booklet, which outlines the most common type of budget and provides examples. Excel budget, cash flow and revenue spreadsheets are provided electronically.

6. Assistance with loan brokering and lease negotiations.

7. Invitation to the bi-annual PKT Properties National Conference.

8. Fire Watch newsletter.

9. Effective fundraising/Capital Campaign manual.

10. Assistance with the formation of Alumni Housing Corporations.

11. Assistance with property management issues.

PKT Properties continues to enhance its service offerings to benefit our alumni and undergraduate chapters. The annual $150.00 fee is used to support these programs and insurance coverage for our dues paying members.

If you have questions please contact the President of PKT Properties, Joe Pryzabyla, via e-mail at JPrzybyla (at) niu.edu

PKT National Properties looks forward to serving your needs now and in the coming years.

About P.K.T. Properties, Inc.