Monday, February 23, 2015

The Preiss Company Acquires Vista Student Housing Complex at the University of Denver in Joint Venture


The Vista student housing complex, 1920 South University Boulevard
across street from University of Denver campus, Denver, CO


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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