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| 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.
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| 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.
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| 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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