NEW YORK, NY – Blackstone, through funds it manages on behalf of its real estate investors, and Ivanhoé Cambridge, a real estate subsidiary of Caisse de dépôt et placement du Québec, announced that the new property management company at Stuyvesant Town/Peter Cooper Village/ (STPCV) will be named StuyTown Property Services, following the end of a transition period with former property manager Compass Rock.

Blackstone and Ivanhoe Cambridge announced the appointment of Rick Hayduk as the property’s new General Manager to oversee the 110 buildings that house the 30,000 residents in the STPCV community.

“The termination of the previous management agreement and the formal establishment of StuyTown Property Services marks a major milestone for all residents,” said Nadeem Meghji, Senior Managing Director, in Blackstone’s Real Estate Group. “We are pleased to have Rick and his StuyTown Property Services team in place and ready to serve the community.”

Blackstone is one of the world’s leading investment firms and Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and companies in select cities around the world.

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RALEIGH, NC – Officials of The Preiss Company, the nation’s third largest, privately-held, student housing owner-operator, announced the acquisition of the 546-bed student housing complex, Campus Edge, in Raleigh, N.C., in a joint venture with a private investment group for an undisclosed price. Located at 3551 Cum Laude Ct., Campus Edge is within walking distance to the North Carolina State Centennial campus and approximately two miles from the main campus. The acquisition comes on the heels of the company’s first quarter student housing acquisitions of a three-property portfolio in Boca Raton, Fla., and a transaction in Greensboro, N.C.

“This off-market transaction continues our aggressive growth through both acquisition and third-party management contracts,” said Donna Preiss, founder and CEO, The Preiss Company. “While we have expanded to 23 markets nationwide, we continue to look for in-fill opportunities in existing markets.”

“Raleigh is our headquarters city and we have unparalleled expertise here. This is our 14th property in the market which gives us tremendous economies of scale, supported by a deep, experienced infrastructure. Our national footprint exposes us to new practices and opportunities. But, North Carolina remains an vital market. We are the largest student housing provider in the state, as well as at NCSU. We see continued opportunity throughout North Carolina and have brilliant relationships with the leading colleges and universities,” she added.

Preiss will commence an extensive $2.2-million renovation this year, which the company expects to complete ahead of the 2017 – 2018 school term. The project includes fully renovating the clubhouse and significant upgrades such as new flooring, countertops, upgraded black appliances and lighting in a substantial number of the units.

Campus Edge consists of 13, two- and three-floor, garden-style buildings situated on a 25-acre landscaped setting. Amenities include a computer lab, resort-style swimming pool, fitness center, tanning bed, volleyball and basketball courts, Dog Park, clubhouse game room and car wash area. Furnished units feature nine-foot ceilings, patios or balconies, all appliances, full-sized washers and dryers, private bathrooms, walk-in closets, monitored intrusion alarms, extended basic cable and high speed internet. Unfurnished units, approximately 12 percent of inventory, also are available.

The complex is the closest garden-style property to the Centennial Campus and the only one that offers one-bedroom units south of the main campus. A city bus line stops directly in front of Campus Edge providing quick, simple access to both the main and centennial campuses.

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NEW YORK, NY – Vesper Holdings, a privately-held real estate investment firm based in New York City, announced the launch of its in-house student housing management company Campus Life & Style (CLS) to manage its rapidly growing portfolio of off campus apartment communities.  With over 10,000 beds spread across 12 markets, Vesper’s student housing portfolio is one of the largest in the nation.

CLS’ senior leadership team features the most experienced and respected line-up of student housing professionals in the United States.  With well over 100 years of combined student housing experience, CLS’ executive team was assembled with one goal in mind: to be the best student housing operator in the space.

Based in Austin, Texas, CLS is helmed by industry veteran Jim Sholders who serves as Chief Operating Officer.   Prior to joining CLS, Mr. Sholders served as Senior Vice President at American Campus Communities (ACC) and was responsible for the overall fiscal operations, asset management, leasing and personnel supervision over ACC’s 170 property portfolio.

CLS brings a fresh approach to student housing, one driven by the desire today’s college students have for a higher standard of residential living, including gorgeous and thoughtful design, high quality amenities, brilliant service and a strong sense of community. To that end, every CLS property delivers both outstanding resident living experiences and superior career experiences for its employees.

Elliot J. Tamir, co-founder of Vesper Holdings said, “Vesper Holdings has a clear vision of what the resident and employee experience should be and will do it through CLS.  Our goal is to provide the top-tier atmosphere found in high end boutique hotels with a primary focus on customer service, hospitality, a social environment, a top tier fitness program and groundbreaking design to drive demand for our communities. With CLS, I believe we have assembled the best team in the industry.”

On the design side, Vesper tapped top New York interior designer Jon Call, to make nothing less than the extraordinary for each of its properties.  Named one of House Gorgeous’s designers to watch, Call’s work has been featured in The New York Times, Elle Décor and Interior Design Magazine.

In addition to the launch of CLS, Vesper is proud to introduce its latest project, The Ivy, a 1002-bed property located within walking distance to the University of South Florida in Tampa, Florida. Made to operate in a fashion more akin to club than your every day off-campus student property, The Ivy will feature  lifestyle programming for its residents, from chef-led cooking classes to fitness classes, to tournaments and games, in addition to best-in-class services, amenities and stunning design unlike anything ever seen in student housing.  Riffing on the notion of an Ivy League Club, Mr. Call reimagined the architectural elements and design motifs typical of traditional clubhouses for a modern digital community. As a nod to location, the palm print motif and color scheme of the exclusive VIP poolside cabanas are reminiscent of a 1940s South Florida beach club.

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