The Preiss Co. sells three student housing assets

The Preiss Co. has sold three student housing communities in Raleigh, N.C.

The assets include the 288-bed University Village at 2505, 162-bed Campus West at Tryon and 440-bed The College Inn.

“With the completed sale of these three assets, the company has exceeded $1 billion in transactions during 2019,” said Susan Folckemer, chief acquisitions & development officer, TPCO.  “We remain very bullish on the Raleigh market, as evidenced by our recent acquisition of Signature 1505, a 525-bed student housing project located along Hillsborough Street and continue to look for growth opportunities in this market.”

University Village at 2505

Developed by Preiss in 2012, the student housing complex is located at 2505 Red Lodge Place and is proximate to downtown Raleigh, State University and Crossroads in Cary. The upscale, gated community offers four-bedroom, fully furnished, all-inclusive, pet-friendly apartments. Amenities include an