Tuesday, September 26, 2023
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The Preiss Co.

FinanceGeorgiaInvestment SalesNewsOff-campus

Berkadia Arranges Financing, Sale of 709-Bed Community Near Georgia Southern

by Katie Sloan

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 …

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DevelopmentNewsOff-campusSouth Carolina

The Preiss Co. Breaks Ground on 433-Bed Community Near Clemson University

by Katie Sloan

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 …

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GeorgiaInvestment SalesNews

Joint Venture Acquires 525-Bed Community Near Georgia Tech

by Katie Sloan

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. 

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Investment SalesNevadaNewsTexas

Preiss, BCEG International Acquire Two Communities Totaling 1,104 Beds in San Antonio, Las Vegas

by Katie Sloan

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 …

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