Articles from The Preiss Company

The Preiss Company (TPCO), a leading national student housing owner, developer, and operator, announces the successful recapitalization of a five-property student housing portfolio. This transaction marks the largest single deal in Preiss’ history, reinforcing its commitment to strategic growth and operational excellence.

The Preiss Company (TPCO), a leading student housing owner, developer, and operator, and FD Stonewater (FDS), a vertically integrated real estate firm, proudly announce the acquisition and capitalization of two student housing development sites, one in Knoxville, Tenn., and the second in Raleigh, N.C. These notable projects, which will be developed in partnership with Monarch Alternative Capital, a global investment firm, underscore the companies’ commitment to delivering high-quality student housing at tier one universities.

The Preiss Company (TPCO), a leading national student housing owner, developer, and operator, is proud to reflect on an exceptionally active and successful 2024. The company’s achievements throughout the year underscore its continued strategic expansion, commitment to excellence, and unwavering focus on delivering high-quality resident experiences.

The Preiss Company (TPCO), a leading privately held student housing owner-operator in the United States, is pleased to announce the acquisitions of The Collective at Lawrence in Lawrence, Kan., and Riverfront Village in Tuscaloosa, Ala. These strategic additions mark significant milestones for the company as it continues to expand its footprint across key student housing markets.

The Preiss Company (TPCO), one of the nation’s largest, privately held student housing owner-operators, proudly announces the acquisition and rebranding of Elevate 231, now known as The Collective at Columbia. This premier, cottage-style community, located in Columbia, Missouri, serves students attending the University of Missouri (Mizzou) and features 318 units with 972 beds, offering a diverse mix of floor plans ranging from two- to four-bedroom options. The property is 100% occupied for the 2024-2025 lease term, reflecting its strong appeal within the Mizzou student housing market.

Officials at The Preiss Company (TPCO), one of the nation’s leading privately-held, student housing owner-operators, proudly announces the completion of Signature Music Row, a luxury 105-unit multifamily development in the heart of Nashville, Tenn. Developed in a partnership with Speedwagon Capital Partners, the project also benefited from additional loan contributions by First Horizon, with JLL Capital Markets serving as the debt broker.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the acquisition of the 135-unit/251-bed 21 Pearl, off-campus student apartments serving the University of Texas at Austin. The company also announced extensive upgrades to improve unit interiors, the clubhouse and to install a new tech package for all residents.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the company added 2,664 beds to its portfolio during the first quarter of 2024. Comprised of seven third-party management assignments and one joint venture acquisition, the eight properties further strengthen the company’s footprint in multiple markets throughout N.C., Texas and Ga.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the company was voted as a “Top-Ranked Employer” in the “Best Place to Work Multifamily®” category of awards presented by Multifamily Leadership, a multifamily events, news and media platform. TPCO was honored at the recent Multifamily Innovation® Summit in Phoenix, Ariz.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the successful recapitalization of the 600-bed Collective at Auburn in Alabama. With enhancements slated to begin spring 2025, the 208-unit complex will feature upgrades to the interiors of select floorplans, more furnished apartments and improved access control. The property will continue to be managed by TPCO.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the successful recapitalization of the 598-bed Collective at Clemson in S.C., its second such announcement in the past month. Slated to begin spring 2024, the 184-unit complex will utilize a portion of fees towards a $3.8 million renovation to enhance the fitness center and swimming pool, as well as undergo physical upgrades to most units and improvements to internet services. The property will continue to be managed by TPCO.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the recapitalization of the 486-bed Outpost San Marcos in Texas. New equity will go toward a major renovation of the premier, off-campus apartments. The Outpost San Marcos is owned in a joint acquisition between TPCO and a Los Angeles-based real estate investment firm, an owner and investor focused on all aspects of commercial real estate, especially on student housing and conventional apartments.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the addition of three third-party management assignments to its nationwide portfolio of student housing communities. Totaling 1,887 beds, the three properties include Greene Crossing in Columbia, S.C., Millennium One in Charlotte, N.C. and 33 North in Denton, Texas.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced several promotions in preparation for continued growth and enhancement of the company’s property management platform.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the successful recapitalization of the 546-bed Campus Edge for an undisclosed amount. The off-campus student apartment complex will undergo multi-million dollar improvement plan to upgrade the clubhouse swimming pool, exterior and units.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the acquisition of the 928-bed Valentine Commons for an undisclosed amount. The off-campus student apartment complex will undergo a $10 million renovation to further upgrade certain public and private spaces.

Officials of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the appointment of prop-tech industry veteran, Whitney Kidd, to senior vice president of innovation and technology. In her new role, Whitney will be responsible for the development of revenue generating technology initiatives serving the Preiss portfolio and broader multifamily markets.

Officials of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the completed recapitalization of the 752-bed Quantum at West Call luxury off-campus apartments. Located within walking distance of Florida State University, the student housing complex also will undergo a value-add renovation to further improve units and amenities.

Officials of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced that John Preiss has been promoted to president. In his new role, Preiss will oversee executive leadership and continue to foster the company’s growth in both student and conventional multi-family industries. Founder Donna Preiss will continue her role as CEO of TPCO.

Officials of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the acquisition of the 828-bed University Trails College Station student housing community. Located within walking distance of Texas A&M University, it is centralized in one of two central student housing hubs in College Station.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced that the company has started development of Signature Music Row, a 105-unit multifamily housing project in Nashville, Tenn. TPCO partnered with Speedwagon Capital Partners on the development, and First Horizon provided additional loan contributions. JLL Capital Markets acted as the debt broker. Located in Nashville’s Music Row submarket, the new development is within walking distance of Vanderbilt University and The Vanderbilt University Medical Center.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced that the company had completed $1.04 billion in student housing transactions during 2021, making it a record year for TPCO. The transactions include seven acquisitions, two third-party management agreements and two recapitalizations.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, and a private equity real estate fund, today announced the acquisition of The Collective at Lubbock, an 847-bed student housing complex. TPCO plans to begin a multi-million capital improvement project scheduled to begin Spring of 2022 and completed in phases over the next three years to minimally impact residents. Acquisition financing was arranged by Ben Roelke and Ian Walker at Newmark. The 70% LTC senior loan featured a 5-year, interest-only term and a sub-2% all-in rate.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, in partnership with Township Capital, a leading co-GP real estate investment firm, today announced the completion of the Eastern on 10th student housing complex’s re-capitalization program. Located in Greenville, N.C., the three-building, 425-bed complex was developed by Preiss in 2018 and serves East Carolina University.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, and a private equity real estate fund advised by Crow Holdings Capital, today announced the acquisitions of the 203-unit Edition on Oberlin and the 264-unit The Greens at Tryon. The Greens at Tyron will undergo a multi-million capital improvement plan, while Edition on Oberlin was completed in 2020 and required no immediate capital improvements.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, in a joint venture partnership with Nuveen Real Estate, announced the acquisition of the 504-bed student housing complex, “Reign Living at the Stadium,” rebranded as “The Row at the Stadium.” Located at 1105 Shop Road in Columbia, S.C., the community is located within walking distance of both the University of South Carolina campus and Williams-Brice Stadium.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, Township Capital, Inc., and a private equity real estate fund advised by Crow Holdings Capital today announced the joint-venture acquisition of the 304-unit conventional multi-family housing complex, View at Legacy Oaks, for an undisclosed amount.