Crow Holdings JV acquires 752-bed student housing asset in Florida

The Preiss Co. (TPCO) and a fund advised by Crow Holdings Capital have announced the acquisition of the 752-bed Quantum on West Call in Tallahassee, Fla., for an undisclosed amount. The recently built student housing complex near Florida State University will undergo a partial renovation to further upgrade approximately half the units.

“The student housing transactional marketplace has ground to a near standstill, and we believe this is one of the few deals to have been completed during these trying times,” said John Preiss, CIO of TPCO. “Our team faced numerous headwinds while navigating the COVID-19 reality, but with the assistance of our financial and legal teams, we persevered. Following the completion of our planned, minor refurbishment of some units, we are confident that Quantum on West Call will be the lodging preference of choice for FSU students.”

Located one block from Florida State University along the FSU Seminole Shuttle Route, Quantum on West Cal