DENVER—The Preiss Company, has executed a joint venture acquisition of The Vista, a student housing complex located directly across from the University of Denver. The 286-bed property was purchased for an undisclosed amount by a joint venture comprised of Preiss, Baltimore-based Criterion Holdings, LLC as the general partner, and a separate private investment group. Preiss will oversee the property's operations, as well as an estimated $500,000 upgrade to the facilities. Company officials said in a statement that the deal is part of an “aggressive growth plan,” for the Preiss, the third- largest, privately held student housing owner-operator,
“This is one of only two purpose-built student housing complexes serving the University of Denver and matches up well with our portfolio,” said Donna Preiss, founder and CEO of the firm.
The Vista is located at 1920 South University Blvd., directly across from the University of Denver campus, several miles from downtown.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
