Phillips Enterprises Holdings

Description

• PHILLIPS Enterprises is a privately-held boutique real estate investment, development and management firm focused on the specific niche of student housing apartment communities. PHILLIPS Acquisitions, the investment side, and PHILLIPS Management, the in-house management firm, are both subsidiaries of PHILLIPS Enterprises. PHILLIPS is focused on identifying market opportunities, capitalizing on value-added real estate acquisitions and providing superior student housing management services. PHILLIPS delivers investors a unique investment platform, concentrating on a specific area of the real estate market in which limited participation from larger firms and a fragmented, competitive landscape provides attractive acquisition opportunities and return profiles.Over the last 30 years, principals of PHILLIPS have acquired, managed and sold over 7,500 student housing apartment beds in three states. The Ohio and Michigan portfolios were sold in 2003, and the Connecticut portfolio was sold in 2006 (at the peak of the real estate market).The principals of PHILLIPS were involved with the Commercial Real Estate division of Banc One and have previously been in charge of the liquidation of over $200M in a diverse real estate portfolio covering New England, New York, Pennsylvania, Florida and Texas during the 1990s.The company's expertise has been in the student housing markets located around prestigious universities, with both on-site management offices and in-house maintenance services. The demand for student housing is relatively uncorrelated with the broader economy. University students effectively constitute a self-contained local market, with economic drivers largely independent of regional economic conditions. As compared to multi-family housing, the student housing market offers more stable and predictable demand.
• 

  Headquarters: , Austin, Texas, United States

  More
• 

  Phone Number:

• 

  Website: https://www.phillips.enterprises

• 

  Employees:3

• 

  Revenue:$1 - 10M

• 

  Legal Name:Phillips Enterprises Holdings

• Phillips Enterprises Holdings's Social Media

  
• Is this data correct?

• |  NAICS Code: 531110  |

  Show More