The Preiss Company Continues Aggressive Growth with Acquisition of Student Housing Properties in California and Texas

Donna Preiss

RIVERSIDE, CA —Officials of The Preiss Company (TPCO), ranked the nation’s fifth largest, privately-held, student housing owner-operator, announced the continuation of its robust growth plan with its first two joint venture acquisitions of 2017:

·     The 760-bedroom GrandMarc at University Village (proximate to The University of California, Riverside)

·     The 416-bedroom Gateway at Huntsville (near Sam Houston State University)

  

GrandMarc at University Village Student Housing near University of California,
 Riverside, CA

Both purpose-built, student-housing properties were acquired in separate joint ventures for undisclosed amounts from different private investment groups.  TPCO will operate the facilities, as well as oversee renovations and upgrades.

“These acquisitions reflect our continued drive for nationwide expansion,” said Donna Preiss, founder and CEO, The Preiss Company.  “Our portfolio has more than doubled in size to more than 50 properties over the past five years.

“ Both of these complexes reflect the profile we seek: quality assets near large universities that are experiencing rapid enrollment growth.  In addition, we see opportunities to enhance these properties with upgrades and installation of our proprietary, student-focused management systems.

Gateway at Huntsville Student Housing near Sam Houston State University, Huntsville, AL

“This is our second student housing complex in California and our seventh in Texas,” she commented.  “Both campuses are new to our portfolio, and the outlook is quite positive for continued enrollment development and strong student housing demand at these schools.  We also expect to achieve economies of scale in operations at both properties.”

The GrandMarc at University Village is located on nearly 12 acres at 3549 Iowa Ave., about five minutes from the UC Riverside campus and across the street from the University Village retail center.   The complex consists of six, four-story stucco buildings. 

The 160-unit Gateway at Huntsville student housing complex, comprising 416-bedrooms/bathrooms, is located at 5050 Sam Houston Avenue. Situated on an approximate 12-acre site, the property features six, four-story buildings, a swimming pool and basketball and volleyball courts.

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

PATRICK DALY

OFFICE MANAGER

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-300-8289

patrick@dalygray.com

www.dalygray.com

www.tpco.com.

Developers Merge to Create Plaza Equity Partners in Miami, FL

  

                                             From left:  George Helmstetter, Neil Fairman

                                                      and Anthony Burns

Miami, FL  – Developers behind the highly successful Marina Palms Yacht Club & Residences condominium project in North Miami Beach—The Plaza Group and the DevStar Group—have merged to create Plaza Equity Partners.

The new firm delivers market-leading, full-spectrum real estate related services including development, sales, property management and lending.  The company consists of a veteran team of talented professionals including architects, accountants, engineers, brokers, bankers and developers.

Marina Palms Yacht Club & Residences,
 North Miami Beach, FL

“This union combines the best of two unique organizations ideally suited and positioned to deliver unparalleled service and quality to domestic and international partners and investors,” said Neil Fairman, chairman of the new company and former president of The Plaza Group.

  In addition to Marina Palms, The Plaza Group developed the luxurious Palms in Fort Lauderdale and Ocean Palms in Hollywood Beach, as well as other major commercial developments in South Florida and Canada.

“We are capable of executing on complex transactions in a very short period of time given our wide range of real estate development, sales and financing acumen,” said Anthony Burns, who, along with George Helmstetter, will be co-presidents of the new company.

The two formed DevStar as they started development of Marina Palms. Their prior successes included the redevelopment of Paramount Bay in Miami’s Edgewater District and Ocean House in Miami Beach’s South of Fifth Neighborhood.

“During the planning, construction and sales of Marina Palms, we accomplished more than just delivering Miami’s first luxury condominium and marina destination in over two decades,” Helmstetter added. “We realized our synergies would lead to a formidable, ongoing partnership allowing us to capitalize on a wide array of new investment opportunities.”

Ocean House Condos, South Miami Beach

Plaza Equity Partners provides full-service development, sales and project management services featuring planning and development, construction management and in-house sales and marketing. 

In addition, its lending platform is designed to originate bridge loans for borrowers who are in need of innovative capital.

  

Located in the SunTrust International Center in downtown Miami, Plaza Equity Partners is pursuing several new opportunities, including a mixed-use commercial project in Aventura and in Miami.

Meanwhile, Marina Palms Yacht Club & Residences completed construction on its second and final tower branded The Reserve at Marina Palms. The Reserve takes the very best of South Florida living by enriching every moment with greater rewards – most coveted views, premium finishes, upgraded amenities and enhanced personal services.  The building has a few select residences available for sale.

The 112-slip, full-service marina accommodating yachts up to 100 feet has a full time Yacht Club Concierge and features an exclusive boat club for residents.

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

Ashley Fierman

Senior Account Executive, BoardroomPR

afierman@boardroompr.com

O 954-370-8999

C 954-330-1554

Bank of America Plaza | 1776 N. Pine Island Road

Suite 320 | Plantation, FL 33322

www.PlazaEquityPartners.com.

www.marinapalms.com.

Illustrated Properties to Host Fundraiser Supporting Wounded Service Members Through Wounded Warrior Project®

  

From left: The Keyes Company/Illustrated Properties’ CEO/President, Mike Pappas; Luxury Specialist Agents Scott A. Huston and Lynn B. Telling; Illustrated Properties’ General Manager, Virginia Spencer; and Illustrated Properties’ Chairman, F.F. “Bud” Adams)

PALM BEACH, FL – Illustrated Properties announced plans to donate to Wounded Warrior Project® (WWP), a nonprofit organization whose mission is to honor and empower Wounded Warriors. 

The Keyes Company/Illustrated Properties’ CEO/President, Mike Pappas; Illustrated Properties’ Chairman, F.F. “Bud” Adams; General Manager, Virginia Spencer; and Luxury Specialist Agents Scott A. Huston and Lynn B. Telling are working to assist Palm Beach residents by sponsoring a Shred Event at The Paramount Centre Parking Lot, located at 139 North County Road in Palm Beach. The event will take place on March 11, 2017 from 10 a.m. to 1 p.m.

Shredding will be charged at $5 per standard box size and $10 per legal box size. Donuts and coffee will be served, compliments of Fritz Landscaping. Other sponsors include Total Shredding and Michael Price Photography.

Proceeds from the event will support injured service members through the 20 programs and services provided by WWP that are uniquely structured to nurture the mind and body, and encourage economic empowerment and engagement.

More than 52,000 servicemen and women have been injured in the recent military conflicts. In addition to the physical wounds, it is estimated as many as 400,000 service members live with the invisible wounds of war, including combat-related stress, major depression and post-traumatic stress disorder.

Through this event, Illustrated Properties is helping WWP work toward its vision of fostering the most successful, well-adjusted generation of wounded service members in our nation’s history.

Illustrated Properties, the Real Estate Market Leader in northern and central Palm Beach County, is a family-owned business, which has served the area’s real estate needs since 1936.

 With more than 500 agents in 20+ offices, Illustrated Properties has locations in Palm Beach, Martin, St. Lucie, Volusia, and Collier counties, and maintains affiliations with some of the world’s most prestigious luxury real estate affiliates, including Christie’s International Real Estate, Leading Real Estate Companies of the World, Luxury Portfolio International, and Who’s Who in Luxury Real Estate.

Illustrated Properties and its affiliates serve the public’s every real estate need by providing services such as: mortgages; title insurance; business brokerage; auction services; home services and warranties; commercial and international real estate; rentals and property management services; new homes and on-site sales; as well as relocation services.

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

Eric Kalis or Ashley Fierman, BoardroomPR

ekalis@boardroompr.com

afierman@boardroompr.com

954-370-8999

www.woundedwarriorproject.org.

The Keyes Company Sponsors 68th Annual Homestead Rodeo in Homestead, FL

  

Christina Pappas

 

Mike Pappas

MIAMI, FL – The Keyes Company was proud to sponsor the 68th annual Homestead Rodeo on Jan. 20-22 in Homestead, Fla. The popular annual event is the southernmost rodeo in the United States.

In addition to providing substantial support for the Homestead Rodeo as a sponsor, Keyes was also well-represented at numerous events occurring throughout Rodeo Week.

With the encouragement of Mike Pappas, Keyes president and CEO; Tim Pappas, Keyes vice president; and Tony Garcia, District Sales Manager of the Keyes Homestead office, many members of the company’s statewide management team came down to Homestead to participate.

The Keyes Company, together with Keyes Insurance, sponsored the annual Buck-Off community event during Rodeo Week. During the Buck-Off event, members of the community and business leaders challenge each other to ride a mechanical bull and see who can stay on the longest – and earn points for proper technique.

Christina Pappas, District Sales Manager of the Keyes Brickell Office, obtained the highest score within the company to become the 2017 Keyes Buck-Off Champion.

Tim Pappas

Keyes also sponsored a VIP Tent during the main rodeo and the “Tough Enough to Wear Pink” campaign to support breast cancer awareness.

On the final day of Rodeo Week, Keyes won first-place honors in the for-profit category for its float in the Homestead Rodeo Parade.

“We are so proud to support and participate in one of South Florida’s premier annual events,” said Mike Pappas. “Our leadership team sets the tone for the entire company when it comes to community involvement. At Keyes, we take pride in being a strong corporate citizen.”   

Independently-owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate. In addition to Valore Group, Keyes has Platinum Properties, which is also a division of Keyes Luxury. The combined companies are a premier luxury leader.

Keyes annually sells $650 million in luxury homes priced at $1 million or more. The company expects to grow its annual sales velocity in that category to more than $1 billion.

Independently-owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate, including Keyes luxury divisions Valore Group Real Estate and Platinum Properties. Keyes annually sells $650 million in luxury homes priced at $1 million or more. The company expects to grow its annual sales velocity in that category to more than $1 billion.

Tony Garcia

Keyes is a Founding Member and Shareholder of Leading Real Estate Companies of the World®, a global network of more than 550 premier real estate firms encompassing 4,000 offices and more than 128,000 Sales Associates in 55 countries.

In July 2016, Keyes and Illustrated Properties announced the completion of a merger between the two companies, which continue to operate under their existing brands.

Following the merger, Keyes and Illustrated are, together, the largest independently-owned real estate firm in Florida and a Top 25-ranked firm in the entire United States.

 In Palm Beach County alone, the companies have in excess of 1,100 Sales Associates and produce double the volume of their closest competitor.

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

Eric Kalis or Ashley Fierman, BoardroomPR

ekalis@boardroompr.com

afierman@boardroompr.com

954-370-8999

HFF arranges $44.1 million in acquisition financing for Cascades office building in Denver Suburb

Cascades Office Property, Centennial, CO

Sergio Socolsky

DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $44.1 million in financing for Cascades, a 348,760-square-foot, Class A office asset in Centennial, Colorado, located just southeast of Denver in the southeast suburban office market

HFF worked on behalf of the buyer, America’s Capital Partners, to secure the 70 percent loan-to-value, seven-year, fixed-rate acquisition loan through a life company correspondent lender. 

Cascades is situated on an 8.71-acre site at 6300 South Syracuse Way in the Fiddler’s Green neighborhood of Greenwood Village.  This southeast Denver location places the property in close proximity to Interstate 25 and less than a 10-minute walk to the Arapahoe at Village Center light rail stop, which provides connectivity throughout Metro Denver.

 Cascades was most recently renovated in 2016 and is 97 percent leased to 24 tenants.  Building amenities include a fitness center, deli, 3,000-square-foot conference center, western-facing balconies, outdoor patios with WiFi, covered parking and mountain views.

“Cascades marks our entry into the Denver office market where we intend to establish an operating hub for a multi-asset office building platform as we have done in Dallas, Atlanta, Charlotte and major Florida markets,” said Sergio Socolsky, CEO of America’s Capital Partners and partner in the America’s Capital Advisors Funds I & II.  

The financing efforts for America’s Capital Partners were led by HFF associate director Leon McBroom.

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

Kristen M. Murphy

Director, Public Relations

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com