Presidium’s impressively successful track record and robust pipeline for building best-in-class multifamily product earns the firm a Bronze Award.
Presidium, a diversified real estate development, investment and management firm, has been selected as the ‘Bronze’ winner of the ‘Development Company of the Year’ category in its annual 2020 MHN Excellence Awards. Now in its 14th year, the program recognizes the multifamily industry’s most noteworthy people, companies and properties. Thanks to the vision that its founders had over 17 years ago, Presidium has developed and renovated thousands of units and dozens of apartment communities, successfully transforming them into places that residents are proud to call home.
“Since founding Presidium in 2003 with my business partner, Cross Moceri, our primary investment strategy of building value through creativity, efficiency and organization has enabled us to be ranked nationally among the most innovative developers in the multifamily sector, and we don’t anticipate slowing down anytime soon,” said John Griggs, Co-CEO and Co-Founder of Presidium.
Presidium’s strategic focus and niche investing throughout Texas, Maine and Florida has helped the firm to deliver above-market returns to all partners within the firm’s growing portfolio. By adhering to strict due diligence, underwriting and operating policies, Presidium has established an impressively successful track record, all while strategically growing their firm year over year.
In just the last three years, the firm has secured a development pipeline of more than 25 million buildable square feet. Presidium continues to focus on augmenting their development pipeline and building best-in-class multifamily products as they continue to build 1,500 units throughout Texas and Florida, totaling 3,000 units developed in the past two years. The firm is rapidly programming another 12 sites throughout Texas, Florida, and Maine, for another 3,600+ units that are scheduled to break ground by late-2021.
The MHN Excellence Awards offers a variety of awards to the multifamily housing sector across 21 performance and design-based categories. Each year, the nominations are evaluated based on feedback by a panel of judges representing expertise across all multifamily and commercial disciplines.
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About Presidium:Founded in 2003, Presidium is a Texas-based real estate developer, owner, and operator with a 17-year operating history and an existing real estate portfolio totaling approximately $2 billion AUM. We represent 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.