Presidia Asset Management

GREENSBORO, N.C. – Presidia Asset Management, a full-service real estate firm offering brokerage, property management, and consulting services, has announced that industry veteran Andrew Cresimore has joined the firm as Director of Business Development, and Investor Relations.

Presidia has been helping investors create wealth through commercial real estate since 2009 with a tradition of innovative solutions, attentive customer care and collaboration, and first-class quality to ensure success and maximize value for clients, owners, partners, and residents.

“We welcome Andrew to Presidia Asser Management. He brings over 20 years of solid, real estate management experience in the multifamily industry with multiple asset types,” said Presidia Asset Management, LLC President Gina Hensley, RPA, CPM, CCIM.

“I am energized for this opportunity at Presidia. Over the past 22 years, I have enjoyed working across many disciplines in my career,” noted Cresimore. “I believe my broad skillset will help further our reputation for excellence and a mission to drive value for its investors and communities. I look forward to strengthening our investor partnerships and building a world-class investor relations and business development function.”

Cresimore began his career with Landura Management Associates in 2002 as a regional manager overseeing eight hundred units in affordable housing for five years.

After which, he joined Ardmore Residential where he oversaw new construction and lease ups of owner developed communities and most recently was a regional manager at Apartment Dynamics where he managed a diverse portfolio of lease ups, class A and worked on repositioning assets throughout North Carolina.

He brings experience in all aspects of property operations with a focus in community transition, onboarding communities, leasing and repositioning.

“We’ve been experiencing rapid, highly strategic growth and continued portfolio diversification,” added Hensley. “With his background, he is the ideal person to help lead the firm in investor relations and business development.”

A member of Piedmont Triad Apartment Association, serving on the board of directors, he earned a Certified Apartment Portfolio Supervisor designation from the National Apartment Association and has been an IREM (Institute of Real Estate Management) member since 2006.

Cresimore received an MBA from Wake Forest University in 2006.

Presidia executes its mission through its integrated operating platform comprised of property management, marketing investment, asset management, acquisitions, and construction.

For more information about Presidia Asset Management, explore www.presidiagroup.com.

A Greensboro real estate firm has taken over leasing and marketing duties at a 134,464-square- foot office building that changed hands twice in 2021.

Presidia Asset Management has added the Asheville Building in Greensboro to its portfolio. The Class C building is part of the Koger Office Center, located on 8 acres at 1500 Pinecroft Road, between Holden and Meadowview roads, just north of Interstate 40. It was built in 1988.

An LLC controlled by Experimental Holdings of Cincinnati bought the building in January 2021 for $7.35 million.

The building was part of a 13-building, 835,000 SF portfolio originally put up for auction in 2018. The Asheville Building was one of two buildings in that portfolio that was eventually sold separately late in 2020 by special servicer Colony Capital AMC Opco after the auction was scrapped. A group including Anomaly Squared CEO Jerry Wass, Robin Yaun and Matt Yaun purchased the Wingate Building for $2.13 million at the same time.

In 2006, the Asheville was part of a portfolio sold for $32.1 million, according to Guilford County records.

Gina Hensley, president of Presidia, said the management company would seek to increase asset stability and improve tenant retention. The largest tenant at the building is U.S. Department of Housing and Urban Development (HUD) with 40,858 square feet.

A spokesman for Presidia did not reveal how much of the property was occupied, but on Nov. 22, more than 28,000 square feet were listed as available for lease. Presidia said the property recently underwent interior and exterior capital improvements including common area and landscaping upgrades, updated lightning and signage.

“There are a variety of move-in ready spaces as well as shell spaces available for a completely custom upfit, full-service lease options and functional floor plans,” said Hensley.

According to its website, Experimental Holdings specializes in under-performing commercial real estate assets, creating investment value, employing a hands-on approach to operation and maintenance strategies, and by providing improved tenant services.

The company, which offers brokerage, property management, marketing, and consulting services, took over marketing and leasing of 60,640-square-foot Kendale Plaza retail center in Sanford in September.

GREENSBRO, N.C. (February 9, 2022) – Presidia Asset Management, a full-service real estate firm offering brokerage, property management and consulting services, has announced that Lesly Jones has joined the company as Director of Property Management Operations.

Jones will oversee expanding, managing, and driving Presidia’s growing local and regional multifamily portfolio across the Southeast with a focus on North Carolina, South Carolina, Tennessee, Georgia, and Florida.

Her addition rounds out the executive team comprised of Controller Nikko Tanksley, MBA; Human Resources Officer Laurie Rompala JD, and President Gina Hensley CPM CCIM.

“We are delighted to welcome Lesly to our growing Presidia family. Her solid commercial real-estate expertise will prove to be invaluable. She will work closely with Presidia’s leadership to ensure we continue placing our clients at the heart of everything we do, maximizing asset value, and using technology to enhance real-estate experiences across sectors,” noted Hensley.

Jones brings over 20 years of in-depth commercial real estate experience in multifamily property management, marketing, and operations, with a proven record of portfolio growth to her new role.

Commercial real estate career highlights include corporate marketing and training director responsible for 15,000 units of new construction and lease-up properties, asset valuation and over-all profitability leading to negotiations and acquisitions, new business implementation and repositioning assets to achieve greater financial performance through marketing solutions and physical asset improvements.

“I look forward to working with Gina and my colleagues at Presidia in realizing its leadership role in construction, acquisitions and transitioning new ownership for rehab projects and new developments. Presidia has been able to set new benchmarks in service excellence demonstrated by its commitment to transforming real-estate journeys and experiences. I am excited to embark on this new milestone in my career.”

Most recently Jones was Regional Operations Manager for VTT Management in Charleston, S.C.

Since 2009 Presidia has specialized in repositioning and restructuring the operations of commercial real estate assets including retail, mixed use and multifamily throughout the Southeast.

Presidia executes its mission through its integrated operating platform comprised of property management, investment, asset management, acquisitions, and construction. Affiliated with Alliance Commercial Property Management of Greensboro, N.C. Presidia offers clients a direct approach focused on quality versus quantity.

For more information about Presidia Asset Management, explore www.presidiagroup.com.

GREENSBRO, N.C.  (May 10, 2021) – Presidia Asset Management, a full-service real estate firm offering brokerage, property management and consulting services, has announced they have been chosen to manage Avalon at North Charleston, the repositioning of three multifamily properties in North Charleston, S.C.

Carolina Multifamily Investments and the Ann Marie Michael Group are directing the multimillion-dollar project toward restoring and revitalizing the complexes formerly operated by Evans and Evans.

Located at 7900 Rocky Mount Road, Unit 101, Avalon at North Charleston will feature 430 well-appointed one- and two-bedroom townhomes and garden apartments.

Young professionals, small families, and empty nesters who value access to employment centers, retail, dining, entertainment, education, and outdoor recreation comprise the ideal resident.

“The repositioning, our management and the combination of these apartment complexes will allow us to fulfill our commitment to create communities that offer appealing apartment living, high quality finishes and exceptional resident experiences,” Hensley said. “Evans and Evans have been amazing to work with through the transition. They have a history of providing quality affordable housing in Charleston for over 30 years.  I look forward to continuing our relationship long after this project”

Avalon at North Charleston will showcase an attractive ‘Hamptons” style architectural design with new, modern color schemes as well as quality interiors all with private patios or porches.

Residence’s average 965 square feet with hardwood floors and feature a spacious, open concept. Fully equipped kitchens have upgraded appliances, granite in the kitchens, plank flooring and ceiling fans along with several other features.  There is tremendous closet space with washer/dryer hook-ups and private patios.

The grounds are accented by walkable open spaces and mature landscaping with plans for playgrounds, a dog parks and resident gathering areas.

Avalon at North Charleston is convenient to major employment centers and office parks including Joint Base Charleston, one of 12 Department of Defense (DOD) Joint Bases and host to over 60 DOD and Federal agencies, the Boeing Company, Trident Health System, Robert Bosch, and Mercedes-Benz Vans.

Tanger Outlets anchors Dorchester County’s expanding retail offerings such as Forest Hills Plaza, Dorchester Crossing and other national and regional retail chains including Wal-Mart and Food Lion.

Nearby recreational opportunities abound.

Riverfront Park is home to the Greater Charleston Naval Base Memorial. Neighboring Colonial Dorchester Historic Site, North Charleston Wannamaker County Park, Charles Towne Landing and Cooper River Marina are also favorite outdoor destinations.

Entertainment and attractions include Magnolia Plantation and Gardens. North Charleston Fire Museum, North Charleston Coliseum and Performing Arts Center and proximity to Charleston International Airport. Avalon at North Charleston is less than 10 miles from Trident Technical College, Southern Wesleyan University and Charleston Southern University.

Presidia has been helping investors create wealth through real estate since 2009. Presidia specializes in repositioning and restructuring the operations of multifamily assets. They provide a hands-on approach focusing on quality versus quantity. Presidia is known for repositioning challenging and distressed multifamily assets throughout the Carolina’s.

Presidia executes its mission through its integrated operating platform comprised of property management, investment, asset management, acquisitions, and construction and recently announced an affiliation with Alliance Commercial Property Management of Greensboro, N.C.

The Avalon at North Charleston community office will be located at 7900 Rocky Mount Road, Unit 101.  Hours M-F 9:00-6:00 Sat 10-5.  An open house and ribbon-cutting are scheduled for May 20^th  from 11:00am-3:00pm. For more information call (843)277-1440

For more information about Presidia Asset Management, explore www.presidiagroup.com.

GREENSBORO, N.C. (July 29, 2020) – Alliance Commercial Property Management (ACPM) Senior Vice President Gina Hensley, RPA, CPM, CCIM today announced major renovations to the popular West Market Shopping Center in Greensboro, N.C.

The Food Lion anchored shopping destination at 4653 W. Market Street offers 46,567 square feet of large and small shop space availability ranging from 18,200 to 1,575 square feet.

“The renovation is designed to add modern elements and lifestyle features that will help West Market thrive as a destination for the next generations of shoppers,” noted Hensley. “The project will include upgrades to the center’s exterior and new tenants.”

Sitting on 27 acres and close to I-40 with high visibility at a signalized intersection West Market Shopping Center is surrounded by residential communities, apartments and in a busy retail corridor including Planet Fitness, national banks, and restaurants.

The renovation team includes ACPM, Cindy Rosasco from Brown Investment Properties as the leasing agent, Efrid Sutphin handled the design and project management along with Miraje Reconstruction & Development

“The rehabilitation of the shopping center is going to be a great thing for the area,” said ACPM Executive Vice President Katie Poole. “The renovation illustrates an objective of comprehensively serving a vibrant array of retailers and consumers.”

Last renovated in 1985, the shopping center offers excellent parking for customers for current tenants that includes Roses Express, Cato and other local merchants in addition to a major anchor in Food Lion.

Alliance provides property management services for more than 50 properties and six million square feet across the Southeast. The diverse leasing and property management portfolio of office, industrial, and retail properties is located across North Carolina, South Carolina, Southern Virginia, and Eastern Georgia.  Alliance has offices in Greensboro and Charleston, S.C. and through its NAI partnerships in Savannah, Ga., Asheville, NC, Pawleys Island, SC, Richmond and Norfolk, Va.

For more information contact Gina Hensley at (336) 442-3333 or email gina@alliancecompanies.com.

GREENSBORO, N.C. (June 8, 2020) – Alliance Commercial Property Management (ACPM) and Presidia Asset Management have announced an affiliation to fortify services for commercial real estate clients.

Presidia President Gina Hensley, RPA, CPM, CCIM is joining the Alliance team as Senior Vice President for the Piedmont-Triad area as well as leading leasing initiatives. The affiliation enables Alliance to extend multifamily management as an additional service line to their clients through Presidia.

Alliance provides property management services for more than 50 properties and six million square feet across the Southeast. The diverse leasing and property management portfolio of office, industrial, and retail properties is located across North Carolina, South Carolina, Southern Virginia, and Eastern Georgia. The affiliation enables Alliance to extend multifamily management as an additional service line to their clients through Presidia.

“The strategic alliance positions strengthen both firms to provide world class real estate services to our clients,” said Katie Black Poole, ACPM Executive Vice-President. “Now, more so than ever, leading clients through market changes, providing creative solutions and utilizing technology to help them succeed is paramount. Gina is an exceptional leader within our industry,”

Alliance has a strong track record of more than 16 years effectively utilizing their rich knowledge of the Southeast market, personal relationships, and research to drive their clients’ real estate strategies and success.

Hensley adds even more depth to that sterling reputation. Presidia’s expertise in multifamily management and her strong business development skills will augment operations and help Alliance grow.

Alliance has offices in Greensboro and Charleston, S.C. and through its NAI partnerships in Savannah, Ga., Asheville, NC, Pawleys Island, SC, Richmond and Norfolk, Va.

“The market is constantly evolving and I’m confident our dynamic approach and combined networks will enable us to deliver unparalleled results to office, retail and industrial clients,” said Hensley. “We’ve been watching ACPM grow and their proven ability has never been more evident. I’m excited to join forces.”

Presidia has been helping investors create wealth through real estate since 2009. Presidia specializes in repositioning and restructuring the operations of retail and multifamily assets. They provide a hands-on approach focusing on quality versus quantity.

With over 25 years of experience, Hensley has managed and leased retail, industrial/flex, office and multifamily. Hensley has held positions as the Chapter President of IREM, Chairperson of the RCA, participates on the board of the NC-CCIM Chapter and is a member of the International Council of Shopping Centers.

Visit www.alliancecommercialpropertymanagement.com or www.presidiagroup.com for more information.