The Preiss Company (“TPCO”), the better provider of off-campus apprentice apartment at North Carolina State University, Clemson University, Auburn University in Alabama, and the University of Texas in Austin and the additional better provider at UNC Charlotte, has afresh added Magnolia Lane Apartments to its South Carolina portfolio—the company’s third acreage in SC and additional at Coastal Carolina. TPCO has been assassin by acreage buyer John Edwards to accommodate third-party administration casework to the accommodation association amid at 1512 Hicks Circle in Conway, SC and serves the acceptance at both Coastal Carolina University and Horry-Georgetown Technical College.
Magnolia Lane Apartments is a 96-bed, 48-unit acreage that shares a acreage band with Coastal Carolina University. All 48 units are 2 Bedroom/2 Bath and will allotment acreage amenities with addition TPCO property—University Village at the Coast. Although Magnolia Lane Apartments’ association accept acceptance to an on-site pool, TPCO’s contempo administration of the acreage will acquiesce association to aswell crop advantage of a exercise centermost with cardiovascular accessories and ambit training, advanced computer center, cine amphitheater with amphitheater seating, beach volleyball court, amphitheater with calm basketball courts, and bold allowance with billiards allowance and foosball. Property Manager, Chloe George, says that her actual antecedence is to flood the adjacent campuses with flyers to let acceptance apperceive about TPCO’s contest and specials.
“Right now, a majority of the acceptance already accept housing, so our capital ambition is to re-introduce Magnolia Lane Apartments to them beneath Preiss Company administration and let them apperceive about all of the acreage allowances and appearance accessible to them next year,” explains George. “In the meantime, we’ll be absorption on award adolescent professionals in the across to ample our vacancies. We’ll aswell be alive with our sister property, University Village at the Coast, to host account socials so that we can activate architecture a faculty of community.”
TPCO has been alms owners, lenders, and developers of apprentice apartment assets a third-party acreage administration belvedere for several years. The accomplishment was spearheaded by the company’s Acquisition and Development (A&D) Team in acknowledgment to growing requests from several of their institutional relationships. TPCO Vice President, John Preiss, was in allegation of accepting the Magnolia Lane Apartments activity and says that third-party acreage administration is a acceptable business administration accustomed the accepted bread-and-butter climate.
“We feel with the abridgement the way it is today, our better befalling to abound The Preiss Company is in third-party management,” explains Preiss. “While we are still accomplishing acreage acquisitions, third-party administration is a way we can abound at a faster pace. We accept the bandwidth to crop on added backdrop and will be aggressively gluttonous out these opportunities in the future.”
About The Preiss Company
Founded in 1987 by Donna Preiss, TPCO employs over 183 aggregation associates and provides a advanced ambit of casework including acquisition, acreage management, due diligence, architecture management, development, and consulting for multi-family absolute acreage investments. In its 22nd year, TPCO has formed over 50 partnerships and developed over 20 projects addition from Maryland to Texas. The aggregation was awarded the Steady Growth and Profitability Master Award by the Greater Raleigh Chamber of Commerce and was afresh accustomed by Triangle Business Journal as one of the top Women-Owned Businesses in the Triangle. For added information, appointment www.tpco.com.
Press Contact:
Amy Barger, Marketing Director
The Preiss Company
(919) 291-9224
amy.barger@tpco.com
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