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The Preiss Co., Crow Holdings JV buy two Raleigh multifamily complexes
Transactions - NOVEMBER 4, 2021

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The Preiss Co., Crow Holdings JV buy two Raleigh multifamily complexes

by Released

The Preiss Co. and a private equity real estate fund advised by Crow Holdings Capital have acquired the 203-unit Edition on Oberlin and the 264-unit The Greens at Tryon. The Greens at Tyron will undergo a multi-million capital improvement plan, while Edition on Oberlin was completed in 2020 and required no immediate capital improvements. The financial terms were not disclosed.

“The closing of this transaction marks our third conventional multi-family deal this year,” said John Preiss, chief investment officer, TPCO. “This continues our active growth strategy, having closed recently on Legacy Oaks in Knightdale in April. The Preiss company has traditionally been a purpose-built student owner, operator and developer. In 2021, we decided to diversify our portfolio and add conventional multi-family. Since then, we have acquired 195 million conventional multi-family projects.”

The Greens at Tyron amenities include picnic and grilling area, resort-style pool, bocce b

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