RALEIGH, NC – Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, 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.
“We remain committed to growing our third-party management business, with these three new additions bringing our student housing portfolio to 32,034 nationwide,” said Adam Byrley, Chief Operating Officer, TPCO. “As owners ourselves, we understand what it takes to provide outstanding service while maintaining profitability for stakeholders. We are familiar with these markets and are confident we can make an immediate, positive difference in their bottom lines.”
TPCO brings a wealth of experience to each of the assets. The company has operated in the Charlotte market since 2005, and Greene Crossing marks its second student housing complex in the Columbia market, both at 100% occupancy. Additionally, 33 North is TPCO’s 14th asset in Texas serving ten university markets.
“Our owned and operated portfolio stretches from coast to coast, providing us invaluable insights into markets that many others simply cannot replicate,” Byrley added. “We can quickly implement scales of economy and shared best practice that create an improved resident experience and reduce overhead costs. Following the implementation of our proprietary management and marketing systems, we are confident these assets will become the residences of choice in their respective markets.”
Source: The Preiss Company