The Preiss Co. (TPCO), with its partner Investcorp, has acquired the 525-bed Signature West Midtown student-housing complex in Atlanta.
“This acquisition marks our fourth student housing complex in Georgia and our entry into the attractive and growing Atlanta market,” said Susan Folckemer, chief acquisitions & development officer, TPCO. “Signature West Midtown benefits from an exceptional location just steps from Georgia Tech and aligns with The Preiss Company's business strategy of targeting properties based on school selectivity, the health and diversity of the job market in which the asset is located and the asset itself. The recently completed building and units are in excellent physical condition, and we foresee minimal, if any, new renovations in the immediate future. We are confident that the Signature West Midtown will benefit from our proprietary marketing and management tools and fully expect to see increases in both rentals and resident satisfactio
