Joint Venture Acquires 694-Bed Community Near the University of Texas, San Antonio

by Katie Sloan

San Antonio — A joint venture between The Preiss Co. and a private real estate fund advised by Crow Holdings Capital has acquired The Luxx, a 694-bed student housing community located near the University of Texas, San Antonio.

The community offers one-, two- and four-bedroom, fully furnished units. Shared amenities include a swimming pool with a swim-up bar and outdoor cabanas; a hot tub; covered patios with flat screen televisions; a cyber lounge; private study rooms; and a two-story fitness center with a spin room. The Preiss Co. will operate the community and will oversee a multi-million renovation, plans for which include updating the clubhouse; the installation of new computer equipment; and refurbishments to outdoor amenities and the community’s dog park. 

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