Sunday, February 10, 2019

The Preiss Company and a Private Real Estate Fund Advised by Crow Holdings Capital Complete Joint Venture Acquisition of 694-Bed The Luxx in San Antonio, TX

  
Swimming Pool at The Luxx Student Housing Complex
San Antonio, TX

SAN ANTONIO, TX and RALEIGH, NC  Officials of a joint venture comprised of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators,and a private real estate fund advised by Crow Holdings Capital,  announced the acquisition of the 694-bed Luxx. 

This marks TPCO’s second acquisition in San Antonio and the third overall in 2019.   

Susan Folckemer

“With three completed deals in January, we are on track for the busiest quarter in our history, if not the strongest growth year we’ve experienced ever,” said Susan Folckemer, chief acquisitions & development officer, TPCO. 

 “We will continue to take advantage of the prevailing marketplace as we continue to expand our footprint nationwide.  Our pipeline remains full, and we expect to announce additional deals in the coming weeks.”

Serving the University of Texas San Antonio, The Luxx offers numerous room layouts for one, two and four beds.  The community features a Las Vegas-style swimming pool area with swim-up bar, submerged seating and outdoor cabanas, as well as a 30-person hot tub. 

Susan Preiss
            “Our goal is to provide any and everything a student could need to have the most successful academic experience possible,” noted Donna Preiss, founder and CEO, TPCO. 

 “We regularly are polling our student residents and tweaking our portfolio to match their requests.  Following the completion of the upgrades and the implementation of our proprietary management and marketing systems, The Luxx will be well positioned as the preferred student living community in the area.”
                                                                        
CONTACTS:

Amy Barger
 Vice President of Public Relations
The Preiss Company
(919) 532-1114



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