The Preiss Co. Acquires Alabama Student Housing Property : c

The Preiss Co. Acquires Alabama Student Housing Property


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.

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