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| The Vista student housing complex, 1920 South University Boulevard across street from University of Denver campus, Denver, CO |
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| Donna Preiss |
DENVER, CO and RALEIGH, NC, Feb. 23, 2015—Officials of The Preiss Company, the nation’s third
largest, privately held student housing owner-operator, today announced that it
continues to execute on its aggressive growth plan with the joint venture
acquisition of The Vista, a student housing complex located directly
across from the University of Denver.
The 286-bed property was purchased for an undisclosed amount
by a joint venture comprised of Preiss, Baltimore-based Criterion Holdings, LLC
as the general partner, and a separate private investment group. The Preiss Company will oversee the
property’s operations, as well as an estimated $500,000 upgrade to the
facilities.
“This is one of only two purpose-built student housing
complexes serving the University of Denver and matches up well with our
portfolio,” said Donna Preiss, founder and CEO of The Preiss
Company.
The Vista is located at 1920 South University Blvd.,
directly across from the University of Denver campus, several miles from
downtown. “Barriers to new development
are extremely high in this location, which made this acquisition particularly
attractive,” Preiss noted. “When we
complete our renovation and implement our proprietary operating programs, we
expect to see high ratings from our student renters, as well as excellent
returns.”
For a complete copy of the company’s news release, please
contact:
Patrick Daly
Account Supervisor
Daly Gray, Inc.
Office: (703)
435-6293
Cell: (703) 300-8289
Amy Barger, Vice
President of Marketing
The Preiss Company
(919) 532-1114
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