anthony magnelli, vice president student housing | business development
Over his thirteen-year career in multifamily property management, Mr. Magnelli has been responsible for overseeing over $500 million in multifamily assets (both student housing and market rate apartments).
While serving as Principal and Director of Asset and Property Management at MultiVersity Housing Partners he provided close asset and property management to a portfolio of student housing properties in five different markets. Mr. Magnelli was also responsible for acquisitions. During his time with MVHP he underwrote deals, secured equity, toured sites and worked with all of the major brokerage firms.
Mr. Magnelli spent 4 years as a Sr. Regional Manager of the Preiss Company, overseeing property management for 7 + student properties located throughout the Mid-Atlantic and Southeastern U.S. These properties have a total asset value of $400 million. In addition, Mr. Magnelli oversaw and managed the renovation of most of these properties. Average occupancy of his property portfolio averaged 98%+, delinquency at an average of under 1.5%, and NOI ranked at the top of the overall portfolio.
Mr. Magnelli has extensive expertise in budgeting, due diligence/property takeovers, acquisitions, training, revenue management, leasing, marketing, and renovation management and oversight.Under his new role with Campus 1st, Mr. Magnelli will be responsible for new business growth and acquisitions while also providing operational support.