Raleigh, N.C. — The Preiss Co. (TPCO) has promoted John Preiss to the role of president. In his new role, Preiss will oversee executive leadership and foster the company’s growth in both the student and conventional multifamily sectors. Since joining
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Denver — Cardinal Group Cos. has recapitalized an eight-property portfolio of student housing communities totaling 5,505 beds. The portfolio consists of mid-rise and garden-style properties located near Tier I universities. Prior to the recapitalization, the portfolio was held in a
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Lafayette, Ind. — Trinitas Ventures has announced several new hires and promotions in preparation for further growth of the company. Brad Bennett has been promoted to the role of executive vice president of development. In his new position, Bennett will
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Austin, Texas — American Campus Communities has reported financial results for the quarter ended March 31. The company reported a net income attributable to ACC of $39.2 million or $0.27 per fully diluted share, versus $15.6 million or $0.11 per
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New York City and Austin, Texas — Blackstone Inc. (NYSE: BX) has agreed to acquire American Campus Communities (NYSE: ACC) in a deal valued at $12.8 billion, including the assumption of debt. ACC is the largest publicly traded owner, manager and developer
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Charleston, S.C. — Armada Hoffler Properties has sold Hoffler Place, a 258-bed community located near the College of Charleston in South Carolina as part of a move to exit the student housing sector. Located at 595 King St., the seven-story
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Athens, Ga. — Landmark Properties has formed a joint venture with a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) initially targeting $1 billion in investment. The venture will be focused on acquiring and operating value-add student housing properties
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Atlanta — PeakMade Real Estate is set to retire its Peak Campus and PeakMade Communities brands, operating under one name for both its student housing and multifamily platforms. This strategy will allow the company to grow vertically as an integrated
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Camden, N.J. — Michaels has hired Rosa Estrada as vice president of development. Estrada will work out of the Camden, New Jersey-based company’s Mid-Atlantic regional office. She brings over 20 years experience in urban planning, placemaking and mission-driven affordable development.
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Denver — Yugo has named Simon Leopold global chief financial officer. In his new role, Leopold will lead the Denver-based company’s global finance function and compliance teams while working with key stakeholders to support Yugo’s strategic growth targets, with a focus
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Austin, Texas — Jessica Nix has been promoted to the role of chief marketing officer at Campus Life & Style (CLS). The Austin, Texas-based firm is the wholly-owned management arm of Vesper Holdings. In her new role, Nix will be
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Austin, Texas — American Campus Communities (ACC) has announced financial results for the fourth quarter and year ended December 31, 2021. Fourth Quarter Results The company reported a net income of $40.7 million or $0.29 per fully-diluted share, versus $24.8
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