Raleigh, N.C. — The Preiss Co. has recapitalized Campus Edge, a 546-bed student housing community located near North Carolina State University’s Centennial Campus in Raleigh. Preiss is set to begin a multi-million dollar improvement plan at the property imminently, which will include upgrading cabinets; the addition of granite countertops; furniture updates; refreshed flooring and appliances in apartments; updated landscaping; and clubhouse swimming pool improvements.
“We are excited to keep Campus Edge under the Preiss umbrella,” says John Revington, executive vice president of investments. “Historically, this student apartment complex has been one of the top performing assets in our portfolio, and we believe it is positioned well for continued success through targeted capital improvements. Raleigh has been a big part of the company’s success over the years, and we look forward to adding this asset to our growing footprint in the triangle.”
Campus Edge offers a mix of one-, two- and three-bedroom units with bed-to-bath parity, including fully furnished options. Shared amenities at the community include two resort-style swimming pools, basketball and volleyball courts, a hammock area, 24-hour fitness center, computer lab and dog park.