The Preiss Company Moves to Fourth Largest, Privately Owned Student Housing Owner Operator

  

Donna Preiss

 RALEIGH, NC —The Preiss Company, one of the nation’s largest and fastest growing student housing owners, developers and managers, announced it has been ranked by an independent industry source as the nation’s fourth largest, privately held student housing owner operator in 2013, up from its eighth place ranking in 2011.

“Over the past two years, we have grown from the eighth to fourth largest, non-public student housing company and still see substantial room for additional growth,” said Donna Preiss, company founder and CEO. 

“We and our partners have invested $431 million in the past 18 months.  Last year, the company acquired seven properties, refinanced five existing properties, upgraded six and participated in two developments.  

"We continue to have an aggressive appetite for growth and are working to meet or exceed our record 2013 growth.

“We are bullish on 2014 because we expect it to be a transition year for the industry with the mix of student housing owners changing due to a variety of reasons, the expected increases in interest rates and a substantial number of properties coming to market that require renovation investment capital and strong management, as well as a noticeable number of either newly developed properties or ones that are well along in the process,” she said.  

“We are looking coast to coast with an emphasis on the southern half of the U.S., especially in markets where we have experience and can achieve economies of scale.”

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

Amy Barger, Vice President of Marketing

The Preiss Company

(919) 532-1114

amy.barger@tpco.com

www.tpco.com.