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The Preiss Company, a national leader in owning and operating student housing, has been selected to manage the property. According to Joe Fishman, VP of Acquisitions for FM Capital, "The Preiss Company's industry expertise and youthful approach mirrors our value-add strategy for this asset." Prior to purchase, the property was divided into two adjacent lots (Phases). Phase I (876-beds) was occupied at 78% for the 2017-18 academic year, while Phase II (816-beds) was left vacant. Post-acquisition, ownership plans to merge the two phases and operate them as a single entity. FM Capital and Gottlieb Family Partners are actively acquiring student housing properties in strong markets near and adjacent to universities with growing student populations. For acquisitions opportunities, please contact: Joe Fishman, VP of Acquisitions, FM Capital FM Capital, LLC is a full service, vertically integrated real estate investment firm that focuses on commercial real estate investment opportunities, debt acquisitions, and loan originations. FM Capital has a value investing philosophy and specialize in profiting from value-add and opportunistic investments. FM Capital currently manages and controls roughly half a billion in assets across the United States. This includes multifamily, student housing, retail, office, industrial, development, and mixed-use properties. www.FMCapital.com Gottlieb Family Partners LLC (GFP) is a New York City-based family office which owns and invests in real estate throughout the United States. GFP's current portfolio includes approximately 5,000 student housing units, 15,000 multi-family apartments and 750,000 square feet of commercial space. GFP has been involved in well over $1 billion worth of acquisitions and dispositions Get More Info and focuses on handling investor equity relationships for its partners. New York-based Arbor Management Acquisition Company (AMAC) is a full service acquisition and investment firm founded in 2012.
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