Jan
16
Preiss Acquires 1,180-Bed Student Housing Portfolio
ByThe portfolio includes two properties serving the University of North Carolina, Charlotte. The acquisition was funded with a 10-year mortgage.
The Preiss Co., in partnership with a fund managed by Crow Holdings Capital, has purchased a student housing portfolio containing 1,180 beds. Recently, Crow Holdings teamed up with Trammel Crow to acquire a 1.3 million-square-foot office complexin Washington, D.C.
The assets, 49 North and University Village, are both located in Charlotte, N.C., near the University of North Carolina, Charlotte. The acquisition was financed through a 10-year, variable interest rate mortgage provided by CBRE through Freddie Mac. The financing will additionally fund renovation work on the two properties’ units and amenities…
