Building on Momentum: Poised for Continued Growth in 2025
The Preiss Company (TPCO), a leading national student housing owner, developer, and operator, is proud to reflect on an exceptionally active and successful 2024. The company’s achievements throughout the year underscore its continued strategic expansion, commitment to excellence, and unwavering focus on delivering high-quality resident experiences.
Transactional Activity & Growth
In 2024, The Preiss Company executed a series of high-impact transactions that further bolstered its portfolio:
- 11 new third-party management assignments, adding 4,700 beds across multiple markets
- 6 acquisitions, totaling $304 million
- 2 development starts, totaling $208 million
- 2 successful recapitalizations, valued at $108 million
- 3 strategic property sales, amounting to $158 million
- Total transactional activity for the year reached $778 million
Delivering New Multifamily Developments
TPCO further solidified its role as a premier developer in the multifamily housing sector with the completion of two state-of-the-art communities:
- Signature Music Row (Nashville, TN) – A boutique 161-bed multifamily development in the heart of Music City
- Edition on Rosemary (Chapel Hill, NC) – A 244-bed property designed to enhance student living adjacent to the University of North Carolina at Chapel Hill.
National Recognition: Industry Rankings and Awards
The Preiss Company continues to be recognized as an industry leader, earning top rankings in Student Housing Business’s annual lists:
- #10 – Top 25 Student Housing Owners
- #10 – Top 25 Student Housing Managers
- #8 – Top Third-Party Student Housing Managers
Additionally, 8 properties managed by TPCO were ranked among the Top 50 J.Turner TALi scores for 2024, highlighting the company’s commitment to resident satisfaction and operational excellence.
Looking Ahead: Continued Growth & Innovation
“The accomplishments of 2024 reflect the hard work, strategic vision, and dedication of our entire team,” said Adam Byrley, Chief Operating Officer at The Preiss Company. “From major acquisitions and new developments to national industry recognition, we are incredibly proud of what we’ve achieved. As we look ahead to 2025, we remain committed to elevating our resident experience and expanding our footprint in key markets.”
About The Preiss Company Celebrating its 37th year, Raleigh, North Carolina-based, The Preiss Company specializes in the development, acquisition and management of conventional multifamily and off-campus student housing. The company is ranked in the nation’s top 10 of the largest, privately held, student housing owner-operators.