Done Deals: Mar 2, 2018

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

patrick@dalygray.com | www.dalygray.com

Amy Barger, Vice President of Marketing

The Preiss Company

(919) 532-1114

amy.barger@tpco.com

Stephen Borecki Named General Manager of Fairfield Inn & Suites New Orleans Downtown French Quarter Area

Stephen Borecki

SHELTON, CT— Gerry Chase, president and COO of New Castle Hotels & Resorts, a leading third-party hotel management company, owner and developer, announced Stephen Borecki has been named general manager of the 104-room Fairfield Inn & Suites New Orleans Downtown French Quarter Area.

Borecki’s career in hospitality included his most recent assignment with JenCare Senior Medical Centers where he doubled the patient census by applying a hotelier’s approach to service to improve the patient experience.

He launched his hotel career at the San Diego Marriott Marquis and Marina before relocating to the New Orleans Marriott and advancing to general manager of the New Orleans Downtown Courtyard, and later, the dual-brand Metairie Courtyard and Residence Inn.

Gerry Chase

“The Fairfield is a real diamond tucked into downtown New Orleans,” said Borecki. “It has a great location, a well-trained staff and is truly the nicest select service hotel in town. I look forward to helping it become more connected with the community and to sharing this little gem with visitors. We have all of the tools we need to grow this hotel and the careers of the people who work here.”

“Stephen’s passion for select service hotels, familiarity with Marriott systems and local market experience made him the ideal person to lead this hotel into the next phase,” said Chase.

“This Fairfield is unique among its competitors because of its chic, locally-inspired décor, full bar and historic touches. I know that Steve will do a great job of capitalizing on its upscale features to share this little gem with a wider audience.

“New Castle is known for championing the career growth of its associates, and I believe Steve’s commitment to mentoring others will mesh well with our company’s culture and values and support our growth plans in the south,” Chase added.

Borecki served two years on the Board of Directors of the Jefferson Convention and Visitors Bureau, completing his tenure as Chairman in 2016. He earned Marriott’s GM Role Model Award in 2012 and volunteered as a college mentor for seven years. Borecki earned his BAS in Hospitality Administration from Southern New Hampshire University.

For more information, please contact:

Lauralee Dobbins

Write Touch Public Relations

856-979-8929

Lauralee@WriteTouchPR.com

The Keyes Company Announces Two New South Florida Branch Leaders for its Aventura and Pembroke Pines/ Miramar Offices

Bonnie Josefski

MIAMI, FL -- The Keyes Company, the state’s largest residential real estate brokerage, announced two new leadership appointments for its Aventura and Pembroke Pines offices.

Marco Zarfati was appointed District Manager and branch leader of Keyes Aventura and Bonnie Josefski, District Manager and branch leader of the Pembroke Pines/Miramar location.

Zarfati has been with the company for 18 years, 16 of which have been in leadership roles. The longtime past resident of Aventura and currently resident of Sunny Isles Beach is active in the community with Big Brothers Big Sisters of Greater Miami, making a difference in the lives of the kids he mentors.

Marco Zarfati

Simultaneous with this move, Bonnie Josefski was promoted to Branch Leader for the Pembroke Pines/Miramar office. Josefski has been with the company for several years in various roles including sales agent, mentor, field trainer, tech trainer and office administrator. She is also a former general manager with a major retail chain and the current President of the Pembroke Pines/Miramar Rotary Club.

“It’s great to see longtime Keyes team members grow and develop into company leaders,” said Mike Papas, president and CEO of The Keyes Company. “Our company is committed to growth, and these moves will help us to achieve our aggressive goals.”

Independently-owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate. In 2017, Keyes generated more than $6 billion in real estate services across its Family of Companies.

For more information, please contact:

Eric Kalis or Jasmin Curtiss, BoardroomPR

ekalis@boardroompr.com/ jcurtiss@boardroompr.com

954-370-8999

Bull Realty Arranges $4.3 Million Land Sale in Sandy Springs, GA

Daniel Latshaw

ATLANTA, GA (March 2, 2018) —Bull Realty arranged a land sale totaling 5.67 acres in Sandy Springs, GA. The sale of two adjacent parcels closed on February 27, 2018 for a total of $4,250,000.

Both properties were purchased by developer Edge City Properties, Inc., who has proposed a high-end community of 65 townhomes. The townhomes are pegged to sell in the $600,000 range.

Daniel Latshaw, a Partner at Bull Realty, was chosen to exclusively represent the seller, R Properties, LLC, of approximately 4.87 acres with two older office buildings on the corner of Hannover Park Road and Roswell Road.

Latshaw was also a transaction agent for the sale of a .796-acre neighboring property. Taylor Smith with Terminus Commercial Real Estate Partners represented the seller, Sun River XX, LLC.

“This is the latest proposed development in what’s looking to be a remarkable transformation of the Roswell Road corridor in northern Sandy Springs,” said Latshaw.

Melissa Henry

(www.BullRealty.com) is a commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services.

The firm also produces and hosts America’s Commercial Real Estate Show (www.CREshow.com).

For more information, please contact:

Melissa Henry

Communications Manager

404-876-1640 x 110