Crow Holdings real estate fund acquires South Carolina student housing complex
The Preiss Company (TPCO), a private real estate fund advised by Crow Holdings Capital, has completed the acquisition of Aspen Heights, 598-bed student housing complex 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 & 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 clubhouse, the complex’s social and study center, as well as improving amenities. Other improvements include flooring upgrades and new furniture in select units, as well as painting the