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The Preiss Company completes acquisition and rebranding of Elevate 231 to The Collective at Columbia

Oct 22, 2024•about 1 year ago

Acquiring Company

The Preiss Company

Acquired Company

The Collective at Columbia

RaleighColumbiaOtherMobileHospitality

Description

The Preiss Company proudly announces the acquisition and rebranding of Elevate 231 to The Collective at Columbia. The Collective at Columbia is a premier, cottage-style community serving students attending the University of Missouri, featuring top-tier amenities and thoughtfully designed living spaces. TPCO plans to launch a comprehensive interior renovation initiative for approximately 50% of the units, aiming to position The Collective at Columbia as the top choice for students seeking a high-quality living experience.

Company Information

Company

The Preiss Company

Location

Raleigh, North Carolina, United States

About

Founded in 1987 and headquartered in Raleigh, North Carolina, The Preiss Company specializes in the development, acquisition, and management of conventional multifamily and off-campus student housing. With over three decades of experience, TPCO has grown into one of the largest privately held student housing providers in the United States, consistently ranked among the top 10 in the nation.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed