A joint venture between Nuveen and The Preiss Company have sold a five-property student housing portfolio comprising 1,248 units and 3,693 beds across four states – Florida, Texas, Indiana and North Carolina.
Newmark Multifamily Capital Markets in cooperation with locally licensed Newmark advisors, represented the seller.
The portfolio includes properties located near top-ranked universities with an average enrollment of over 47,000 students, including the University of Florida, Texas State University, Indiana University, North Carolina State University and The University of Texas at Austin. Situated an average of 0.87 miles from their respective campuses, each asset features best-in-class amenities designed to enhance the student lifestyle, such as swimming pools, grilling stations, fitness centers, outdoor recreation and study rooms.
