Tuesday, July 12, 2016

The Preiss Company Acquires Three Student Housing Properties, Completing 10 Deals Year-to-Date

Donna Preiss

RALEIGH, N.C./TAMPA, FLA./INDIANAPOLIS, IND., July 12, 2016—Officials of The Preiss Company, the nation’s third largest, privately-held, student housing owner-operator, today announced that it continues to aggressively add to its student housing portfolio with the acquisition of three properties for an undisclosed amount in joint ventures with a private equity group.

 The properties include the 4050 Lofts, a 722-bed complex adjacent to the University of South Florida in Tampa; The Avenue, a 358-bed property serving Indiana University-Purdue University Indianapolis (IUPUI); and the 162-bed Campus West at Tyron near North Carolina State University.  

In what is shaping up to be a record year for the company, the acquisition marks 10 student housing properties acquired year-to-date.

  The properties also add two new campuses to the company’s portfolio.  The Preiss Company will oversee a renovation/upgrade program at two properties, as well as operate all three complexes. 

“We already have achieved our previously stated goal of adding 10 properties in 2016 by the midpoint of the year and continue to have an aggressive appetite for more,” said Donna Preiss, founder and CEO, The Preiss Company.  “We remain confident in the student housing outlook and have a very active nationwide pipeline.”

 For a complete copy of the company’s news release, please contact:

Patrick Daly
Office Manager
Daly Gray, Inc.
Office:  (703) 435-6293
Cell:  (703) 300-8289


Bayer Properties Appoints Chris McDuff Vice President of Property Management

Chris McDuff
BIRMINGHAM, AL,  July 12, 2016 — Bayer Properties announced today the appointment of Chris McDuff as vice president of property management. McDuff will oversee all aspects of property operations for Bayer’s mixed-use portfolio, which totals more than 10 million square feet.

McDuff will report directly to Molly Mackenzie, Bayer Properties’ chief operating officer. McDuff joins Bayer Properties from Birmingham-based Johnson Property Services, LLC, where as executive vice president he led and directed all aspects of leasing, brokerage and property management services for the firm’s real estate portfolio.

“Chris has an impressive background in property management and an excellent reputation in the industry,” said Jeffrey Bayer, president and CEO of Bayer Properties. “His expertise and industry knowledge is extensive, and we believe he will play a significant role in Bayer Properties’ continued success.”  

McDuff brings more than 20 years of experience in asset management, property management, leasing, client relations, business development and brokerage services.

McDuff is a licensed real estate broker in the State of Alabama and holds the following designations from the Institute of Real Estate Management: Certified Property Manager (CPM®), Accredited Residential Manager (ARM®) and Accredited Commercial Manager (ACoM®). Additionally, he has earned the Certified Military Residential Specialist (CMRS®) and the Masters in Commercial Property (MICP®) designations.

For a complete copy of the company’s news release, please contact:

Savannah Durban
 The Wilbert Group
 Tel: 404-343-0870