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The Preiss Co. Acquires Alabama Student Housing Property
The owner has rebranded the community and plans to implement several upgrades. Dec182020
The Collective at Auburn
The Preiss Co. and a private equity real estate fund advised by Crow Holdings Capital have acquired Aspen Heights, a 600-bed student housing community in Auburn, Ala. The buyer plans to invest in improvements at the property.
Built in 2011, the community comprises two-, three- and four-bedroom apartments, with granite countertops, black appliances and washer/dryer units. Common-area amenities include a swimming pool, hot tub, outdoor fireplace, volleyball court, movie theater, game room and fitness center.