Texas-based commercial real estate firm expands services to include luxury lease-up management after taking stabilized luxury property management in-house during 2020
With demand for top-tier multifamily housing sweeping the nation, Presidium, a diversified real estate development, investment and management firm, has launched a full-service luxury lease-up property management arm. Presidium has historically owned, renovated, and managed a large portfolio of value-add communities prior to taking its luxury property management in-house during 2020. With a robust new-development pipeline slated to deliver over 8,000 units in the next four years, Presidium is gearing up to serve its portfolio’s management needs with this latest expansion led by Kellie Sanders, Presidium’s President of Property Management.
“We look forward to overseeing the lease-up of these luxury communities with our best-in-class management team. This is a natural next step in our long-term strategy and a great complement to our existing business,” said John Griggs, Co-CEO and Co-Founder of Presidium. “As our new development assets are delivered and our portfolio continues to grow, Kellie and our team look forward to providing top-tier professional services to Presidium’s current and future residents.”
As President of Property Management, Sanders oversees the day-to-day operations of the firm’s portfolio and leads the property management team to success. Sanders joined Presidium in early 2022 with more than 25 years of experience, holding the prior positions of President at Weller South West, Chief Executive Officer at Group Fox, and Senior Vice President at Village Green. As an industry veteran, Kellie is known for her ability to redefine financial capabilities and promote continuous operational improvement throughout her portfolios. She demonstrates thoughtful leadership in everything she does and works tirelessly to develop her team members into industry leaders at all levels.
“What drew me to Presidium is the fact that they strive to be a leader in every market they enter and, most importantly, value providing world-class housing for all individuals,” said Sanders. “I am empowered with Presidium’s ideologies to drive change beyond ordinary organizational boundaries with a deliberate emphasis on valued tenant relationships, professional leadership and efficient, measurable performance.”
The soon-to-be-completed Presidium Berkshire, a 340-unit, 352,000-square-foot best-in-class luxury community located in Fort Worth, Texas, has launched as the firm’s first in-house luxury lease-up. Over the next four years, Presidium plans to deliver and manage as many as 30 communities (~8,000 units) across 10 markets and create approximately 180 exciting new job opportunities. With 11 “Best Places to Work” awards just in the last three years, Presidium is known to have a fun, collaborative company culture with an entrepreneurial spirit. The firm looks forward to expanding the Presidium family over the years to come.
For more information, visit: www.presidiumre.com.
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Founded in 2003, Presidium is a Texas-based real estate developer, owner, and operator with a 19-year operating history and an existing real estate portfolio totaling approximately $2 billion AUM. Presidium represents a spectrum of disciplines including acquisitions, development, property management, asset management, construction, law, finance, accounting, special servicing, and public-private partnerships. Presidium is committed to providing best-in-class housing for individuals of all income levels and creating great spaces that enhance people’s lives. For more information about Presidium, visit www.presidiumre.com.