Presidium, a Texas-based real estate developer, owner, and operator, has launched a full-service luxury lease-up property management arm. The firm has historically owned, renovated, and managed a large portfolio of value-add communities and took its stabilized luxury property management in-house during 2020.
With a new development pipeline expected to deliver over 8,000 units in the next four years, it has taken another step to serve its portfolio management needs with this latest expansion, led by Kellie Sanders, president of property management for Presidium.
“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 Presidium co-founder and co-CEO John Griggs. “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.”
With more than 25 years of experience, Sanders joined Presidium in early 2022; she previously held executive positions at Weller South West, Group Fox, and Village Green. According to Presidium, the industry veteran is known for “her ability to redefine financial capabilities and promote continuous operational improvement throughout her portfolios.”
“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,” she said. “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 firm’s first in-house luxury lease-up will be the soon-to-be completed Presidium Berkshire, a 340-unit multifamily community in Fort Worth. In the coming four years, the firm expects to deliver and manage as many as 30 communities across 10 markets. Through these efforts, it anticipates creating approximately 180 new job opportunities.
