The Preiss Company and BCEG International Investment US Announce Joint Venture Acquisitions of 624-Bed High View Place Student Apartments in San Antonio, Texas, and 480-Bed Rebel Place in Las Vegas
June 19, 2019
TPCO Continues Strong Growth Quarter with Fourth and Fifth Student
Housing Community Acquisitions of 2019
SAN ANTONIO & LAS VEGAS & RALEIGH, N.C.–(BUSINESS WIRE)–Officials from The Preiss Company (TPCO), one of the nation’s largest,
privately-held, student housing owner-operators, and BCEG International
Investment US (BCEGI), today announced the completed acquisitions of the
624-bed High View Place Student Apartments in San Antonio, Texas, and
the 480-bed Rebel Place in Las Vegas, Nev.
“Since January first of 2019, TPCO has completed $480 million in
transactions, from Texas to Nevada to North Carolina,” said Susan
Folckemer, chief acquisitions & development officer, TPCO. “At this
rate, we remain en route to our biggest growth year overall. With a very
full pipeline, we will continue to work with outstanding partners like
BCEGI to pursue our acquisition and development growth goals.”
High View Place
Located at 15949 Chase Hill Blvd. and serving the University of Texas at
San Antonio, High View Place offers a variety of one-, two- and
four-bedroom floor plans with expansive communal living spaces and
private bedrooms. Each of the 204 units includes sleek, modern kitchens,
balcony, in-unit washers and dryers, 50” LED TVs with Apple TV,
complimentary high-speed internet and cable and spacious walk-in
closets. Additional amenities include ample study spaces, a Wi-Fi
enabled clubhouse and a fully equipped computer lab, as well as an
outdoor swimming pool and spa. There also are onsite gaming centers with
stand-up arcade cabinets, sand volleyball court and scenic picnic
grilling area. TPCO is overseeing the multi-million refurbishment of the
property. To date, High View Place has upgraded the fitness center and
clubhouse and added a new business center, study lounge and yoga studio.
The next phase will include electronic key-fob entry installation and
upgrades to interior flooring, amenities and Internet service.
“The acquisition of High View marks TPCO’s 3rd acquisition in the San
Antonio market in the last 12 months,” said John Preiss, CIO. “Rebel and
High View mark the first acquisition with BCEGI out of Beijing.”
Rebel Place
Comprised of two-, three- and four-bedroom layouts, Rebel Place is
located at 3896 Swenson St., within minutes of the University of Nevada,
Las Vegas. Each fully furnished apartment is equipped with all-black,
energy-efficient appliances, cable television packages, internet,
in-unit washer/dryer and private bedrooms with private bathrooms.
Community amenities include a 24/7 fitness center, BBQ/picnic area,
clubhouse with media room and Wi-Fi, computer lab and cybercafé. The
gated community also provides an outdoor grilling area, resort-style
swimming pool, poolside theater and pool table. TPCO plans to upgrade
the property with electronic key-fob entry, exterior paint and lighting,
pool and internet enhancements.
“Rebel Place marks TPCO’s first asset in Nevada and the UNLV,” added
Preiss. “UNLV is an emerging student housing market with a shortage of
purpose built off campus housing.”
About The Preiss Company
Celebrating its 32nd year, Raleigh-based, The Preiss Company
specializes in the development, acquisition and management of off-campus
student housing. The company is ranked in the nation’s top 10 largest,
privately held, student housing owner-operator. For more information,
visit www.tpco.com.
Contacts
Amy Barger, Vice President of Public Relations
The Preiss Company
(919)
532-1114
amy.barger@tpco.com