Since 1987, Raleigh Real Estate Investment Company has acquired and developed approximately $250 million in student housing development
RALEIGH, NC – November 28, 2007 – The Preiss Company (“TPCO”), the largest off-campus student housing provider for North Carolina State University, Clemson University, and UNC Charlotte and the second largest provider for the University of Texas in Austin, is beginning their 21st year on target of meeting their goal of closing on $150 million worth of student property development.
Founded by Donna Preiss, the company employs just under 100 people and provides a wide range of services including acquisition, property management, disposition, development, and consulting for multi-family real estate investments. In their 20-year history, TPCO has formed over 50 partnerships and has been the developer or co-developer of over 20 projects stretching from Texas to Maryland. The company recently acquired their first property in Alabama-University Village at Auburn.
“With every property developed or acquired, The Preiss Company is changing the way people view student housing,” explains Preiss. “We’re setting a new standard of how off-campus living should be, and we’re encouraged by the feedback we’ve been getting from our residents and property managers. Students want more from their college experience and The Preiss Company is delivering on all levels. It’s an exciting time, and we’re looking forward to continuing to set the gold standard in student housing.”
The Preiss Company is the leader in the development of new technologies, tools, and strategies for the student housing industry. Over the years, the company has been a multi-year recipient of the Raleigh Chamber of Commerce’s coveted Pinnacle Business Award, winner of the Metro Bravo Award for Residential Real Estate, winner of the Triangle Fast 50 Award for fastest growing company, and recognized by Triangle Business Journal as one of the Triangle’s top Women-Owned Businesses.
“I’m overwhelmed when I think of how far we’ve come in such a short period of time,” says Preiss. “All of our successes and accomplishments are the result of many talented and dedicated individuals who put their heart and soul into this company everyday. I’m truly blessed.”
TPCO has also been featured in such media publications as MSNBC.com, Triangle Business Journal, Business Leader, The Collegiate Standard, Commercial Real Estate Today, The Real Estate Review, The Orange and White, Technician, The Chronicle, The News and Observer, Carolina Real Estate and Investment, Neighborhood Builder, Carolina Business, and Metro Magazine.
