What is Preferred?
Founded in 1996, Preferred specializes in developing and managing rental communities across Columbus, Ohio, and its surrounding areas. The company aims to offer more than just living spaces, cultivating a "Preferred lifestyle" through stylish and relaxing environments. Its properties often feature on-site clubhouses with amenities such as workout facilities, plasma TVs, and resort-style swimming pools, alongside services like DVD libraries and fitness centers, varying by location. This dedication to service and quality positions Preferred as a notable player in the residential rental market.
How much funding has Preferred raised?
Preferred has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Preferred?
With the recent influx of capital, Preferred is poised for strategic growth and enhancement of its existing portfolio. The large-scale, late-stage funding suggests a focus on scaling operations, potentially expanding into new geographic markets, or further developing its property management technology. This investment will likely enable the company to solidify its market presence and continue offering its signature lifestyle amenities to a broader customer base, reinforcing its commitment to quality living environments.
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