Preston Communities

About Preston Communities

Preston Communities is a real estate operator. Preston Communities operates in Greensboro-High Point, North Carolina, Hickory-Lenoir-Morganton, North Carolina and Raleigh-Durham, North Carolina (Research Triangle Park - RTP). Its investment focus is on Multifamily - Ground-up and Single-Family Homes.

Preston Communities is a Greensboro, North Carolina-based real estate development, ownership, and property management company established in July 2019. With approximately 11–50 employees and 7 years in operation, the company specializes in developing, owning, and operating multifamily rental housing across North Carolina, with a focus on workforce housing and affordable rental options. As of 2025, Preston Communities reported approximately $255 million in real estate assets, 1,706 apartment units, and 8 owned and operated residential communities. Its portfolio includes properties in Greensboro, Sanford, Salisbury, Statesville, and Mooresville, offering 1-, 2-, and 3-bedroom apartments. The company reported a 98.7% occupancy rate across its portfolio. Preston Communities also pursues residential development opportunities, including a proposed 57-unit townhome project on approximately 8.9 acres in Winston-Salem. Its operations encompass multifamily development, property ownership, leasing, residential property management, and portfolio expansion throughout North Carolina.

Principals at Preston Communities

Recent activity at Preston Communities

No recent signals captured for Preston Communities yet. Set up a Signals alert to be notified when fund closes, leadership changes, or new developments surface in the trade press.

Preston Communities's project portfolio

No projects on file for Preston Communities yet.

Markets and themes

Markets Preston Communities operates in

• Greensboro-High Point, North Carolina
• Hickory-Lenoir-Morganton, North Carolina
• Raleigh-Durham, North Carolina (Research Triangle Park - RTP)

Investment themes at Preston Communities

• Multifamily - Ground-up
• Single-Family Homes

Capabilities

• Custom Homes
• Luxury
• Sustainability
• Urban infill

Operators similar to Preston Communities

• Stout Ventures
  Mid-market tierGreensboro-High Point, North CarolinaHickory-Lenoir-Morganton, North Carolina+1 more marketMultifamily - Ground-upSingle-Family Homes
• Christian Tyler Properties, LLC (CTP)
  Mid-market tierGreensboro-High Point, North CarolinaHickory-Lenoir-Morganton, North CarolinaMultifamily - Ground-upSingle-Family Homes
• Selwyn Property Group
  Mid-market tierRaleigh-Durham, North Carolina (Research Triangle Park - RTP)Multifamily - Ground-upSingle-Family Homes
• Anthony Properties
  Mid-market tierHickory-Lenoir-Morganton, North CarolinaMultifamily - Ground-upSingle-Family Homes
• Greenfield Communities
  Mid-market tierRaleigh-Durham, North Carolina (Research Triangle Park - RTP)Multifamily - Ground-upSingle-Family Homes
• Poverni Sheikh Group
  Mid-market tierRaleigh-Durham, North Carolina (Research Triangle Park - RTP)Multifamily - Ground-upSingle-Family Homes
• Chaucer Creek Capital
  Mid-market tierRaleigh-Durham, North Carolina (Research Triangle Park - RTP)Greensboro-High Point, North CarolinaMultifamily - Ground-up
• Churchill & Banks Company
  Mid-market tierRaleigh-Durham, North Carolina (Research Triangle Park - RTP)Multifamily - Ground-upSingle-Family Homes
• Corliss Management Group
  Mid-market tierMultifamily - Ground-upSingle-Family Homes
• San Francisco Housing Development Corporation(SFHDC)
  Mid-market tierMultifamily - Ground-upSingle-Family Homes

Frequently asked questions about Preston Communities

What does Preston Communities do?

Preston Communities is a Greensboro, North Carolina-based real estate development, ownership, and property management company established in July 2019.

What markets does Preston Communities operate in?

Preston Communities is active in Greensboro-High Point, North Carolina, Hickory-Lenoir-Morganton, North Carolina, and Raleigh-Durham, North Carolina (Research Triangle Park - RTP).

How many employees does Preston Communities have?

Preston Communities has 11–50 employees.