Saturday, January 19, 2019

The Preiss Company Acquires The 288-Bed Estates at San Antonio, TX

                                                                                                  Photo by Christopher T. Martn
Donna Preiss

GREENVILLE, NC -- Officials of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, along with Centaline Investment Management Co., a diversified platform with 13 divisions, offering professional advisory and transactional services for real estate investments and financial planning,has announced the acquisition of The Estates at San Antonio.  

Located at 6515 Hausman Road, the 288-bed, 58-building complex is comprised of 104 units in cottage-style, two-story buildings and is less than two miles from the University of Texas – San Antonio (UTSA).

The Estates at San Antonio feature a variety of layouts, including two-bedroom/2.5 bath, three-bedroom/3.5 bath and four-bedroom/4/5 bath units.  TPCO will manage the property.

The Estates at San Antonio, TX

"We remain bullish on the Texas university marketplace and are pleased to add our first student housing community serving the UTSA market,” said Adam Byrley, chief operating officer. 

“This marks our seventh community in the I-35 Corridor between Austin and San Marcos, creating numerous economies of scale and the ability to share best practices. 

"Following its multi-million refurbishment, we are confident that The Estates at San Antonio will take its rightful place as the market leader.”

With an average size of 1,712 square feet, each unit provides a first-floor powder room, granite tile kitchen countertops, stained concrete flooring, modern light fixtures, full-size washer & dryer and patio/balcony. 

Additional community amenities include a large, resort-style pool, sand volleyball court, private campus shuttle, grilling/picnic stations and 24-hour fitness center. 

The property is within biking distance to all university classrooms and athletic facilities, as well as a large offering of nearby retail and restaurant outlets. 

            “With enrollment of more than 30,500 students, UTSA is well on its way to becoming a Tier 1 University,” noted Donna Preiss, founder and CEO, TPCO. 

University of Texas, San Antonio Campus

 “Since making it their goal to achieve this status, the university has increased research spending by 97 percent, provided numerous nationally ranked programs, expanded multiple campus learning facilities and substantially improved the academic prowess of students attracted to UTSA.

"Between the plan’s implementation in 2007 and fall 2017, first-time freshman applications increased by more than 5,000 applicants annually, and the first-time freshman acceptance rates fell by 13 percent.”

            The Estates at San Antonio shortly will begin a multi-million refurbishment program focusing on the clubhouse and amenity spaces.

            Celebrating its 32nd year, Raleigh-based, The Preiss Company specializes in the development, acquisition and management of off-campus student housing.

The company is ranked in the nation’s top 10 largest, privately-held, student housing owner-operator.  

For more information, visit 

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

Hold-Thyssen Closes Acquisition of Off-Market Property In Lutz, FL for Mydental of Greater Tampa Bay

Theresa Margaris

CLEARWATER, FL and LUTZ, FL --- Hold-Thyssen, Inc., a full service commercial real estate firm, recently negotiated the $500,000 purchase of a medical/professional office building in the Van Dyke Commons Professional Park at 17521 N. Dale Mabry in Lutz.     

Theresa Margaris, transaction specialist at Hold-Thyssen, brokered the sale representing the buyer, Mydental of Greater Tampa Bay , P.A. and Apodaca Property Management Corp., seller of the 3,000 square foot dental office building in the professional park built in 2007. 

“I previously showed the buyer property but we couldn’t find the right size and location,” Margaris said, adding "Cold calling efforts revealed a willing seller, I brought the two parties together and it was a perfect fit.”

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  

The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States .


Richard J. Fisher, Vice President/Investor Services, Hold-Thyssen, Inc. 

Robert P. Hold, Principal, Hold-Thyssen, Inc. 

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 

The Dow Hotel Company Promotes Steve Griffin to EVP & Chief Financial Officer and Randall King to EVP & Chief Operating Officer

Steve Griffin

SEATTLE, WA —Officials of The Dow Hotel Company (DHC), a leading national hotel owner/investor and operator, has promoted Steve Griffin to executive vice-president & chief financial officer and Randall King to executive vice-president & chief operating officer in recognition of their continuing leadership with the company.

“Having joined the Dow Company in 2001 and 2006 respectively, Randall and Steve have been instrumental in the growth and direction of this company,” said Murray L. Dow II, founder and president, DHC. 

Randall King

“With nearly 50 combined years of hotel experience between them, they are well poised to help us achieve our aggressive growth goals as we look to expand our portfolio of upper upscale, first class hotels throughout the United States. 

"Their counsel has been invaluable, and I look forward to the direction we collectively take moving forward. With a current projected pipeline, 2019 looks to be a record year for us.”

Steve Griffin most recently was senior vice-president of finance where he focused on the effective risk management and cost control strategies. 

In his new role, in addition to his existing financial responsibilities, Griffin also will provide oversight for the human resources function. 

Murray L. Dow II

Prior to joining The Dow Hotel Company, he was chief financial officer for, the largest online wine auction house in the world. 

He also held the same position with Tully’s Coffee Company, helping to grow the company from three domestic outlets to 140 stores internationally.  A Certified Public Accountant (CPA), Griffin received his B.A. in Business Administration - Accounting from the University of Washington. 

Randall King formerly was senior vice-president in charge of company operations, driving performance and partner relations.

  As his role expands, he also has been given responsibility for the company’s Food & Beverage concept expansion.  He joined DHC in 2001 as the general manager for the Embassy Suites O’Hare and has held progressively more important positions with the company throughout his tenure. 

Prior to that, he held a variety of sales, marketing and revenue management roles with Marriott International, Montclair Hospitality and Interstate Hotels & Resorts.  King received his B.S. in Business from Western Michigan University.


 Chris Daly
Phone: (703) 864-5553            

HFF announces $48.65 million sale of Pullman Miami Airport hotel

Alexandra Lalos

MIAMI, FL – January 14, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $48.65 million sale of the Pullman Miami Airport, a 281-room, full-service hotel located within the prestigious Blue Lagoon Office Park in Miami, Florida.

Tony Malk
The HFF team marketed the hotels on behalf of the seller.  London + Regional (L+R), a London-based, privately-owned real estate firm, purchased the asset unencumbered of the existing management agreement.

Originally constructed in 1986, Pullman Miami Airport underwent a multi-million-dollar renovation in 2016 that converted the hotel from a Sofitel to a Pullman. 

The hotel features 18,500 square feet of indoor and outdoor meeting and event space; an outdoor pool; tennis courts; fitness center; business center and two food and beverage outlets, La Riviera and Le Bar.

Pullman Miami Airport is located at 5800 Blue Lagoon Drive and sits on a prime 10-acre site within the Blue Lagoon Office Park, a 1.6 million-square-foot park home to Fortune 500 brands like Burger King, Visa, Sony, Hasbro, Pepsi and FedEx. 

Daniel C. Peek
 The hotel site benefits from further development opportunity.  Visible to more than 400,000 annual flights, the hotel is situated four miles from Miami International Airport, which is the second busiest airport in the U.S. for international passengers. 

The HFF investment advisory team representing the seller included director Alexandra Lalos, managing director Tony Malk and senior managing director and head of HFF’s hotel group Daniel C. Peek.

The HFF Hotel Team continues to be active in the South Florida hotel market, having recently advised on the sales of the Element Miami Airport and the Holiday Inn Express & Suites Marathon and the refinancings of the Four Seasons at the Surf Club and the JW Marriott Marquis Brickell. 

“After experiencing a ‘mini cycle’ in Miami, where RevPAR declined and was stagnant during 2016 and 2017, respectively, as a result of the effects of the Zika virus, global currency fluctuations and the Miami Beach Convention Center under renovation, Miami has rebounded with force,” Lalos said. 

 “Through November 2018, Miami was the No. 2 fastest-growing RevPAR market in 2018, according to STR, second only to Minneapolis, which hosted the Super Bowl in 2018.”

“The strength of the South Florida lodging market is attracting new international sources of capital, including L+R, who are making their first hotel investment in Miami with the Pullman,” Malk added.

British Livingstone Brothers, Richard (left) and Ian

L+R is a property company based in London, UK, and is regarded as one of the largest privately held property companies in Europe. 

Founded in 1987 by brothers Richard and Ian Livingstone, L+R has business interests in over eight countries, with offices in London and Panama City. 

 L+R has an extensive hotel portfolio, with more than 17,000 rooms including iconic luxury hotels, full-service hotels, branded hotels and resorts in the Caribbean and Europe and a 47-select service hotel portfolio.

L+R’s hotel investments include the London Hilton on Park Lane, Trafalgar Hilton, Cliveden Hotel, Nobu Ibiza, Chewton Glen, Fairmont Pavilion, Barbados, Marriott Grand Cayman, Hotel MdR, in California and the Fairmont, Monte Carlo. 

 L+R’s worldwide investment and development programme is in excess of £9.0 billion.  Learn more at

For more information, please visit or follow HFF on Twitter @HFF.


FL Lic. #SL3361476
HFF Director
(305) 448-1333

HFF Managing Director
(310) 407-2100

HFF Digital Content/Public Relations Specialist
(713) 852-3420

HFF announces financing for 240-unit independent living development in suburban Chicago

Sarah Anderson

DALLAS, TX – January 14, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces financing for the development of Deerfield Senior Residences, a 240-unit, six-story, luxury independent living community in the northern Chicago suburb of Deerfield, Illinois.

The HFF team worked on behalf of affiliates of Banner Senior, LLC (“Banner”), the managing partner of a joint venture partnership that is developing the facility, to arrange joint venture equity through Harrison Street.

 Additionally, HFF worked on behalf of the new partnership to secure a $55.6 million, four-year, floating-rate construction loan through a national bank.

Matthew Schoenfeldt

Deerfield Senior Residences will be located on a 5.17-acre parcel adjacent to the Weinberg Campus for Senior Living at Lake Cook Road adjacent to the entrance to Interstate 294, which provides access to the northern Chicago suburbs, O’Hare International Airport and the CBD. 

The location is also within four miles of Northshore University Health Glenbrook Hospital and Northwestern University’s Glenview outpatient facility. 

 The Weinberg Campus is managed and operated by CJE SeniorLife, an affiliate of the Jewish Federation of Metropolitan Chicago.  CJE will also manage and operate the new Deerfield Senior Residences. 

Currently, the Weinberg Campus is home to 125 assisted living units and 40 memory care units, which are fully occupied, as well as adult day care services serving more than 100 clients per week. 

Deerfield Senior Residences, Deerfield, IL

 Due for completion in the summer of 2020, this new, best-in-class independent living component will complement the existing facilities and will provide a continuum of care for seniors in the area.

The HFF capital placement team representing the borrower included managing director Matthew Schoenfeldt and director Sarah Anderson.


HFF Managing Director
(312) 528-3650

HFF Director
(214) 265-0880

HFF Public Relations Specialist
(713) 852-3403