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Preiss JV Acquires Vista Student Housing

DENVER—Plans call for a $500,000 upgrade investment in the 286-bed property across from University of Denver.

By David Phillips | Updated on February 23, 2015

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.

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