Friday, March 2, 2018

The Preiss Company Adds 1,692-bed Student Housing Management Contract To Oversee Major Renovation at Property Serving East Carolina University, Pitt Community College


Donna Preiss
GREENVILLE, N.C./RALEIGH, N.C./CHARLOTTE—Officials of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, announced it has signed a management contract to oversee operations for a 1,692-bed student housing complex, serving Eastern Carolina University and Pitt Community College in Greenville, N.C. 
Located on 50-plus acres at 3800 Bostic Drive and encompassing 34 buildings, the massive complex features two clubhouses, computer lab, fitness center, theater room, private and group study rooms, three resort-style swimming pools, sand volleyball courts and a full-court gymnasium.
 Previously named Captain Quarters, the complex has been rebranded to Paramount 3800 and will undergo a multi-million renovation, which will be overseen by TPCO.  The real estate asset, the largest student housing property in the market, recently was acquired by a joint venture between FM Capital, in conjunction with Gottlieb Family Partners, and AMAC Holdings. 
“This is our first contract with these experienced joint venture partners, and we look forward to the opportunity to expand that relationship in the future,” said Donna Preiss, founder and CEO, The Preiss Company.  “We have nearly two decades of experience operating 1,000-plus-bed properties in multiple markets and have an extensive history in Greenville representing three other properties there, either open or under construction. 

Paramount 3800 Student Housing
 Greenville, NC
"It’s a great market with a solid growth outlook.  Initial response to the makeover/renovation plans by the property’s current residents, as well as those seeking housing for next fall, has been quite favorable.  "This is a classic turn-around situation, and we anticipate that the renovation and extensive, proprietary operating programs will create high student resident satisfaction and improved financial results.
For more information, 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

Amy Barger, Vice President of Marketing
The Preiss Company
(919) 532-1114

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