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| 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
.
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