Statesboro, Ga. — Berkadia has arranged the sale of and financing for 111 South, a 709-bed student housing community located near Georgia Southern Unversity in Statesboro. Kevin Larimer, Greg Gonzalez and Judy MacManus of Berkadia arranged the sale on behalf the seller, a partnership between Artemis Real Estate Partners and The Preiss Co. The community was acquired by Centurion Property Group for an undisclosed price. Pete Benedetto and Aaron Moll of Berkadia secured financing for the transaction in the form of a bridge loan from Basis Investment Group on behalf …
The Preiss Co.
Clemson, S.C. — The Preiss Co. has broken ground on Signature Hartwell Village, a 433-bed student housing community located near Clemson University in South Carolina. The community will be part of a larger mixed-use development, Hartwell Village, which will include two hotels alongside a retail center occupied by Marshalls, PetCo and Aldi. The property will include four, three- and four-story residential buildings offering one-, two-, three- and four-bedroom units with bed-to-bath parity; a 6,034-square-foot clubhouse and leasing office; and a 7,200-square-foot outdoor amenity space. Shared amenities will include a dog …
Atlanta — A joint venture between The Preiss Co. and Investcorp has acquired Signature West Midtown, a 525-bed student housing community located near the Georgia Tech campus in Atlanta. The property offers one-, two-, three-, four- and five-bedroom units with bed-to-bath parity. Shared amenities include a resort-style swimming pool, sundeck, rooftop lounge, 24-hour fitness center, cyber cafe, ride-share lounge and bicycle storage alongside 10,500 square feet of retail. The seller and terms of the transaction were undisclosed.
San Antonio and Las Vegas — The Preiss Co. (TPCO), in a joint venture partnership with BCEG International Investment US (BCEGI), has acquired the 624-bed High View Place Student Apartments in San Antonio and the 480-bed Rebel Place in Las Vegas. Ryan Lang of Newmark Knight Frank represented the seller, Florida-based Waypoint Residential, in both transactions. Located at 15949 Chase Hill Blvd. and serving the University of Texas at San Antonio, High View Place offers a variety of one-, two- and four-bedroom floor plans. Each of the 204 units includes …
Charleston, S.C. — The Preiss Co. has been awarded management of 61 Vandy, a 101-bed community located near the College of Charleston in South Carolina.
Riverside, Calif. and Huntsville, Texas — The Preiss. Co. has acquired two student housing communities in California and Texas.
Baltimore — The Preiss Co. has been awarded management of The Varsity at UB Apartments, a 323-bed student housing community located directly across the street from the University of Baltimore.
The Preiss Co. Sells 437-Bed Student Housing Community Located Near Coastal Carolina University for $9.7 Million
Myrtle Beach, S.C. — The Preiss Co. has sold University Village at the Coast, a 437-bed student housing community located near Coastal Carolina University in Myrtle Beach, for $9.7 million.
Raleigh, N.C. — Raleigh-based The Preiss Co. has acquired three student housing properties located in Florida, Indiana and North Carolina in joint ventures with a private equity group.
Raleigh, N.C. — The Preiss Co., in a joint venture with an undisclosed private investment group, has acquired two student housing communities near North Carolina State University in Raleigh.