The Preiss Co. Sells 437-Bed Student Housing Community Located Near Coastal Carolina University for $9.7 Million

by Katie Sloan

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.

The property offers one- and three-bedroom units with bed-to-bath parity and full-sized washers and dryers. Community amenities include an internet café, an indoor sports court, multiple tanning beds, a fitness center, a game room, a movie theater, multiple sand volleyball courts and a swimming pool.

Travis Prince, Sean Baird and Steven Peden of Colliers International represented the seller in the transaction. The buyer, Sundance Real Estate Advisors, owns several multifamily properties and has plans to expand its student housing portfolio in the Southeast.

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