About PSK Properties
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Our Mission:
Phi Sigma Kappa Properties looks to the long-term success of Phi Sigma Kappa through responsible management and growth of property assets for the benefit of all brothers - past, present and future.
Origination and History:
In 2001, the Fraternity's Grand Council identified a potential need for Phi Sigma Kappa to create a national housing corporation. The Grand Council appointed a committee to explore the feasibility and value of such an organization. The committee returned with the recommendation that a national housing corporation would be a valuable asset to the Fraternity.
Based on these results, brothers Bud Berman (Swarthmore '62), Jim Schmitz (UC/Santa Barbara '80) and Glenn Roby (Northern Illinois '91) worked together to form an organization that could acquire, maintain, improve and manage chapter houses. The groundwork for the organization was laid and in November of 2002, Phi Sigma Kappa Properties was officially incorporated. Bud, Jim and Glenn became the first directors of the organization and Glenn Roby was appointed as the organization's first President. Another brother who was integral to the organization's formation was Matt Van Wie (Marian College '01). While serving as Director of Finance and Administration for the Grand Chapter, Matt assisted the founders with the creation of PSKP and helped manage the organization's day to day operations in its early years.
Relationship with the Fraternity:
Phi Sigma Kappa Properties collaborates with both the Grand Chapter of Phi Sigma Kappa and the Phi Sigma Kappa Foundation and will work closely with these organizations whenever it is in the best interest of the Fraternity to do so. However, Phi Sigma Kappa Properties, Inc., is a separate entity from the Grand Chapter and Foundation. Each organization is a distinct, separate corporation with independent boards of directors, investment accounts, and independently audited financial statements.
PSK Properties is financially self-sustaining and does not receive any revenue by way of membership dues paid to the Grand Chapter or donations made to the Foundation. Properties is incorporated and operated under a non-profit/non-stock structure and is run by a fully volunteer Board of Directors.
Chapter Houses and Relationships:
Phi Sigma Kappa Properties curently owns and manages chapter houses at Arizona State University and Western Michigan University and is leasing a property at Indiana University.
The Arizona State property was acquired in 2003. PSKP is currently working with nine other fraternities and the University on a large scale Greek row and
mixed use, high-density development project as ASU called the Threshold Project.
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The Western Michigan property was acquired in 2007 and is the home of the Chi Tetarton Chapter of Phi Sigma Kappa.
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The property at Indiana University is currently being leased from the Alpha Epsilon Pi Fraternity and is the current home of the Sigma Triton Chapter of Phi Sigma Kappa.
In addition to these three sites, PSKP also has working relationships with the Sigma Tau Chapter at Missouri Western University and the Gamma Triton Chapter at the University of South Carolina.
If you would like to find out more about PSK Properties, please contact us.
