Raleigh, N.C. — The Preiss Company has sold three student housing communities serving North Carolina State University in Raleigh. Dispositions include University Village at 2505, a 288-bed community developed in 2012; Campus West at Tryon, a 162-bed community developed in 2014; and The College Inn, a 440-bed community developed in 2004. Ryan Lang, Brandon Buell and Jack Brett of Newmark Knight Frank represented the seller in the transaction. Chicago-based Inland acquired the portfolio for an undisclosed amount. University Village at 2505 offers four-bedroom, fully furnished units with shared amenities including a clubhouse, 24-hour fitness center, …
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Clemson, S.C. — A joint venture between The Preiss Co. and a private real estate fund advised by Crow Holdings Capital has acquired Aspen Heights Clemson. The 598-bed property has been rebranded The Collective at Clemson. Renovations are currently underway, to include the addition of new furniture in select units; upgrades to the property’s clubhouse and shared amenity spaces; exterior improvements; and upgrades to flooring throughout. The community offers a mix of cottage- and townhome-style units featuring two-, three-, four- and five-bedroom floor plans with bed-to-bath parity. Shared amenities include …
Orlando, Fla. — The Preiss Co., in a joint venture with an undisclosed private investment group, has acquired Mercury 3100, an 840-bed student housing community located near the University of Central Florida in Orlando.
Gainesville, Fla. and San Marcos, Texas — The Preiss Company has acquired two student housing communities totaling 2,232 beds in Florida and Texas.
Measuring and using metrics is vital in creating a successful student housing property.
Raleigh, N.C. — TPCO transacted $320 million in investment in 2013 and is looking ahead to rise in interest rates and cap rates.
Elon, N.C. — The Preiss Company sells to private investor.
Growing student technology needs have owner/operators re-thinking their approach to bandwidth, with those offering high-speed, reliable Internet access gaining competitive advantage.
Gainesville, Fla. — The acquisition marks more than $350 million in transactions during the past year.
Concord, N.C. — New construction near Virginia Tech and Georgia Southern with CampusWorks, The Preiss Company will deliver in July.