Plans call for investing approximately $500,000 to include state-of-the-art Internet bundled services, clubhouse and common area upgrades and enhancements to the multiple vistas overlooking Denver's Rocky Mountain range. The nine-story complex features a computer lab, business center with study rooms, clubhouse with television, outdoor television and pool table, fitness center, stand-up tanning bed, bocci ball court, outdoor fire pit and bike storage. Fully furnished two-, three- and four- bedroom apartments offer flat screen televisions, high speed Internet and stunning views of the mountains.

Monthly rents begin at $749 for The Vista, which includes a utility allowance.

“Denver marks our fifth student housing complex campus west of the Mississippi and our 12th new market in the past 18 months,” Preiss said. “We have a very active pipeline and the funding to continue or accelerate our pace of the past few years, with the majority of projects we are reviewing located in the Western half of the country.

“Throughout our growth, we have built a strong infrastructure, more than quadrupling our employee base in the past five years,” she said. “We have the regional infrastructure in place to add properties in both halves of the country through development, acquisitions (primarily through joint ventures) and third-party management.”

Preiss said she expects continued consolidation in the industry and an increase in the number of third-party management contracts .

“We expect to see less student housing development in 2015, as a number of projects have been stalled or delayed, which should put a slight damper on new construction,” she added. “Nonetheless, we will open at least one new property in 2015 and are looking at several potential sites.”

Baltimore-based Criterion Holdings, LLC specializes in differentiated multifamily investment strategies. The Preiss Company is based in Raleigh, NC.