Former Theory Raleigh Marks Fourth Joint Venture Project Between Two Companies RALEIGH, N.C. — Officials of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, in a joint venture with Nuveen Real Estate, the investment management arm of TIAA, one of the world’s largest real estate investment managers, today announced the… Read more »
A new student housing development built on the former site of the Velvet Cloak Inn in Raleigh has sold for $52.74 million. Atlanta-based Peak Campus and capital partner Blue Vista Capital Management closed on a deal for the 150-unit Signature 1505 complex earlier this month, selling it to the Preiss Company, according to Wake County… Read more »
The Raleigh, NC-based student housing owner-operator purchased the 288-bed, 58-building complex located less than two miles from the University of Texas—San Antonio, in partnership with Hong Kong-headquartered investment firm Centaline Investment Management Co. SAN ANTONIO — The Preiss Company continues its student portfolio expansion in Texas with the purchase of The Estates at San Antonio… Read more »
