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| 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.
"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.
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| Paramount 3800 Student Housing Greenville, NC |
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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