The Preiss Co. and a private real estate fund advised by Crow Holdings Capital have purchased the 598-bed student housing complex, Aspen Heights, located in Clemson, S.C., for an undisclosed amount.
Serving Clemson University, the property has been rebranded The Collective at Clemson and is undergoing major upgrades.
“Year-to-date, we are averaging nearly one major transaction a month and believe the second half of 2019 will be as robust as the first half,” said Susan Folckemer, TPCO chief acquisitions and development officer. “We continue to see favorable investment opportunities in markets across the country and have the most active pipeline ever in our 32-year history.”
The significant upgrade program will have special emphasis on enhancing the club
