SAN ANTONIO, TX – Officials of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, along with Centaline Investment Management Co., a diversified platform with 13 divisions, offering professional advisory and transactional services for real estate investments and financial plotting, announced the acquisition of The Estates at San Antonio. Located at 6515 Hausman Road, the 288-bed, 58-building complex is comprised of 104 units in cottage-style, two-tale buildings and is less than two miles from the University of Texas – San Antonio (UTSA).

The Estates at San Antonio feature a variety of layouts, including two-bedroom/2.5 bath, three-bedroom/3.5 bath and four-bedroom/4/5 bath units. TPCO will manage the property.

“We remain bullish on the Texas university marketplace and are pleased to add our first student housing community serving the UTSA market,” said Adam Byrley, chief operating officer. “This marks our seventh community in the I-35 Corridor between Austin and San Marcos, making numerous economies of scale and the ability to share best practices. Following its multi-million refurbishment, we are confident that The Estates at San Antonio will take its rightful place as the market leader.”

With an average size of 1,712 square feet, each unit provides a first-floor powder room, granite tile kitchen countertops, stained concrete flooring, modern light fixtures, full-size washer & dryer and patio/balcony. Additional community amenities include a large, resort-style pool, sand volleyball court, private campus shuttle, grilling/picnic stations and 24-hour fitness center.

The property is within biking distance to all university classrooms and athletic facilities, as well as a large offering of nearby retail and restaurant outlets.

“With enrollment of more than 30,500 students, UTSA is well on its way to becoming a Tier 1 University,” noted Donna Preiss, founder and CEO, TPCO. “Since making it their goal to achieve this status, the university has increased research spending by 97 percent, provided numerous nationally ranked programs, expanded multiple campus learning facilities and substantially improved the academic prowess of students attracted to UTSA. Between the plot’s implementation in 2007 and fall 2017, first-time freshman applications increased by more than 5,000 applicants annually, and the first-time freshman acceptance rates fell by 13 percent.”

The Estates at San Antonio shortly will start a multi-million refurbishment program focusing on the clubhouse and amenity spaces.

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SAN DIEGO, CA – Douglas Wilson Companies (DWC) has announced the opening of Sienna at Otay Ranch, a $32 million project that is the company’s first in a new series of senior housing communities plotted for the Western Region over the next 10 years.

Located at 1290 Santa Rosa Dr. in Chula Vista’s well loved Otay Ranch, Sienna is a 111-unit, two-tale building comprised of 85 apartments for helped living and 26 units for memory care.

“With our entry into senior housing, Douglas Wilson Companies has launched a business platform to meet the needs and aspirations of America’s aging population,” said Douglas Wilson, chairman and CEO of DWC, who noted that Sienna’s to-date occupancy has outpaced expectations, likely due to the market leading resort-like design and amenities provided.

“Today’s generation of healthier, more independent-minded seniors is unwilling to settle for facilities built 20-30 years ago. Their expectations are higher, and the range of care they need fluctuates dramatically. To meet this demand, we’re plotting more properties like Sienna, which we’ll add to DWC’s build-and-hold portfolio.”

Sienna offers studio, one- and two-bedroom floor plans from 500 to 800 square feet, with monthly rents from $3800 to $5500, including meals and housekeeping. In addition to many upmarket resident amenities, services available through Sienna’s Wellness Center include geriatric care, optometry, dentistry, podiatry, rheumatology, lab services, and a regularly scheduled onsite Nurse Practitioner.

Now entering its 30th year in the real estate business, DWC prides itself on a quick response to market changes. After completing San Diego’s mixed-use Symphony Towers in 1989, Wilson emerged as a leading developer of high-end condos in support of downtown San Diego’s new Petco Park baseball stadium. When real estate faltered, he pivoted to become one of the nation’s leading Receivers, handling more than $15 billion in troubled properties across all asset classes.

“We pride ourselves on our ability to respond to market changes, whether it’s a real estate boom or bust, or a looming demographic shift like today’s aging population,” said Wilson. “Knowing that older Americans will outnumber kids by 2035, we are laser focused on needs and opportunities associated with what I like to call the ‘Silver Tsunami.’”

DWC is joined in the Sienna joint venture by Milestone Retirement Communities, who handles management responsibilities.

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MIAMI, FL – CIM Group announced that it has completed construction of CAOBA, a 444-unit apartment tower located at Miami Worldcenter, the 27-acre mixed-use development in downtown Miami. The 43-tale building is the first tower to open at the $4 billion mixed-use Miami Worldcenter development, one of the largest urban development projects underway in the country.

CAOBA, which just received a Temporary Certificate of Occupancy allowing go-ins to start, offers residents a range of apartment types, from studios to three-bedrooms. The tower features an array of modern amenities sought after by residents in Miami’s urban center including a resort-style pool deck with downtown and ocean views, a fitness center, a club room with a fully-equipped chef’s kitchen, and pet-focused facilities including a dog-walking lawn and a dog-wash area. CAOBA also includes more than 15,000 square feet of ground-floor retail space for shops and restaurants, connecting to Miami Worldcenter’s retail promenade and plaza currently under construction. Plans for an adjacent 40-tale, 429-unit tower have been approved by the City of Miami.

Located at 698 Northeast 1st Avenue, CAOBA provides exceptional transit connectivity. The property is one block from Miami Central, downtown’s new transportation hub, and Brightline’s high-speed rail Miami terminal, which offers direct train service to Fort Lauderdale, West Palm Beach and Orlando. Additionally, other nearby public transit systems such as the Metromover, Metrorail, Metrobus, Miami Trolley and Tri-Rail provide residents with a wealth of transportation options within the city.

CAOBA at Miami Worldcenter is also two blocks south of I-395, linking downtown Miami’s Central Business District with its Arts & Entertainment District, a hub for culture and entertainment, and other regional destinations such as the Miami International Airport.

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