Company founder says that sales broker’s expertise fits well with Team’s dynamic and objectives
RALEIGH, NC – February 25, 2008 – The Preiss Company (“TPCO”), the largest off-campus student housing provider for North Carolina State University, Clemson University, UNC Charlotte, and the University of Texas in Austin, has announced the recent addition of Kyle Barger to its Acquisition and Development (A&D) Team. The A&D Team, formed in March 2007, is comprised of key TPCO brokers and focuses on the market research and identification of key value-add acquisitions.
Barger brings to TPCO over nine years’ sales experience. Before joining TPCO, he worked as a Regional Sales Manager with Cypress Care where he sold prescription cost-containment programs to insurance companies. He is a graduate of North Carolina State University and has a BA in Business Management. Barger says that although his background is not in real estate, his sales experience and training have well prepared him to make TPCO a leader in the student-housing arena.
“The Preiss Company continues to be on the forefront of defining how people think of and view student housing,” says Barger. “From first-class amenities to state-of-the-art, online payment capabilities, The Preiss Company is clearly setting the standard of off-campus living. I look forward to using my skills to continue to move our company forward and into more markets throughout the U.S.”
Susan Folckemer, Vice President of Development & Sales for The Preiss Company, heads the A&D Team. The Team represents over 75 years’ of real estate experience with over $310 million in student housing development and acquisitions. The A&D Team recently acquired University Estates at Austin, a 1,548-bed apartment property located with three miles of the University of Texas. It was the company’s first student housing acquisition with HSBC Capital (USA) Inc.
TPCO Founder and CEO, Donna Preiss, says she’s pleased to have Barger join the A&D Team and that his personality and expertise make him an ideal A&D Team member. “In addition to Kyle’s academic and professional background, his maturity, honesty, enthusiasm, and integrity truly set him apart in this highly competitive field,” says Preiss. “We’re all very proud to have him join the A&D Team and anticipate more great achievements in his professional future.”
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. The have 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.
About The Preiss Company
Founded by Donna Preiss, TPCO employs over 130 team members and provides a wide range of services including acquisition, property management, disposition, development, and consulting for multi-family real estate investments. Beginning its 21st year, 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.
