NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: FireBrand Marketing, Inc.
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

The Preiss Company’s Myrtle Beach Property Makes Housing Magazine’s 2009 Deals of the Year List - After $1 million in capital improvements, property goes from 50% to 94% occupancy under Raleigh real estate company’s ownership and management
The Preiss Company’s Myrtle Beach Property Makes Housing Magazine’s 2009 Deals of the Year List

 

NewswireToday - /newswire/ - Raleigh, NC, United States, 2009/12/21 - After $1 million in capital improvements, property goes from 50% to 94% occupancy under Raleigh real estate company’s ownership and management.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate / Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The Preiss Company’s first student housing footprint on the coast, University Village at the Coast, was featured in the November/December 2009 issue of Apartment Finance Today as one of the publication’s “13 Most Creative Deals of 2009”. During a year when property values continued their downward spiral and the country was experiencing one of the worst recessions in years, TPCO has found success in South Carolina and continues to reinforce their foothold in the student housing market.

University Village at the Coast, formerly known as Campus Pointe at Myrtle Beach, is a 436-bed apartment property located three miles of Coastal Carolina University in Myrtle Beach, South Carolina. The property’s 148-unit, three-bedroom apartments feature large eat-in kitchens, laundry rooms, and a separate living area. University Village at the Coast also offers a full-range of amenities including fitness center with cardiovascular equipment and circuit training, state-of-the-art computer center, movie theater with stadium seating, resort-style pool with sundeck and stereo system, clubhouse with lounge, sand volleyball, gymnasium with indoor basketball courts, and game room with billiards room and foosball.

The property was purchased in January for $6.2 million and was made by TPCO’s Acquisition and Development Team and led by company Vice President of Business Development, John Preiss. At the time of purchase, the property was only 50 percent occupied for the 2009-2010 school year. After $1 million in capital improvements, and less than one year after purchase, the property is now 94 percent occupied and TPCO is currently in talks with lenders to do a cash-out refinancing just nine months after buying the asset.

“We’re very proud of our efforts in South Carolina and equally pleased to have been recognized by the editors of Apartment Finance Today,” says Preiss. “In our experience, we’ve found that every market creates an opportunity and South Carolina was no exception. Since our acquisition of University Village at the Coast, we assumed management of another property in South Carolina – Magnolia Lane Apartments. Student housing continues to be a sound investment, and we plan to aggressively seek out more opportunities that will allow us to broaden our footprint in the student housing industry.”

About The Preiss Company
Founded in 1987 by Donna Preiss, TPCO (tpco.com) employs over 183 team members and provides a wide range of services including acquisition, property management, due diligence, construction management, development, and consulting for multi-family real estate investments. In its 22nd year, TPCO has formed over 50 partnerships and developed over 20 projects stretching from Maryland to Texas. The company was awarded the Steady Growth and Profitability Master Award by the Greater Raleigh Chamber of Commerce and was recently recognized by Triangle Business Journal as one of the top Women-Owned Businesses in the Triangle.

About Apartment Finance Today
Apartment Finance Today (housingfinance.com) is the only independent and nationwide magazine that provides in-depth and unbiased reporting and insightful analysis of financing and development of multifamily housing for owners, developers, and asset managers.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate / Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: FireBrand Marketing, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Real Estate / Property Management articles,
CATCH Visitors via Your Competitors Announcements!


The Preiss Company’s Myrtle Beach Property Makes Housing Magazine’s 2009 Deals of the Year List

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Amy Barger - TPCO.com 
919-291-9224 amy.barger[.]tpco.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any FireBrand Marketing, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Real Estate / Property Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From FireBrand Marketing, Inc. / Company Profile


Read Real Estate / Property Management Most Recent Related Newswires:

NHE to Assume HOA Management of Five Additional South Carolina Communities
Armada Analytics, Inc. Relocating Headquarters, Expanding Operations in Greenville, South Carolina
Yardi Relaunches Popular CRE Marketplace CommercialSearch.com
SC's NHE Announces Construction Start for its first Affordable Housing Community in Charlotte NC
Six South Carolina Communities Turn to NHE Association Management
Affordable Housing for Seniors Expands in South Carolina as Renaissance Place from NHE Breaks Ground
South Carolina Property Management Group NHE Promotes Three, Adds Three to Accounting/Finance Team
NHE Adds Riverstone Community to Growing South Carolina Homeowners Association Portfolio
NHE Headquarters Building Named in Honor of Former Verdae CEO - AO-The Space Spa & Salon Relocating
NHE Relocates Corporate Headquarters to New Building At Legacy Square in Greenville, South Carolina
NHE Begins Leasing on Newly Completed Affordable Housing Apartment Community in South Carolina
NHE to Manage The Ironwood Community in North Augusta, South Carolina
NHE Adds Management of Four South Carolina Communities to its Homeowners Association Portfolio
Lollis Named Vice President of Finance at South Carolina-based Property Management Firm NHE
Yardi Showcasing New Innovation At 2019 Realcomm ׀ IBcon Conferences in Nashville, Tennessee

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  Mokuyobi





 
  ©2021 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)