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| Photo by Christopher T. Martn Donna Preiss |
GREENVILLE, NC -- Officials of The Preiss Company (TPCO), one
of the nation’s largest, privately-held, student housing owner-operators, along
with Centaline Investment Management Co., a diversified platform with 13 divisions,
offering professional advisory and transactional services for real estate
investments and financial planning,has announced the acquisition of The
Estates at San Antonio.
Located at 6515 Hausman Road, the 288-bed, 58-building
complex is comprised of 104 units in cottage-style, two-story buildings and is
less than two miles from the University of Texas – San Antonio (UTSA).
The Estates at San Antonio feature a variety of layouts,
including two-bedroom/2.5 bath, three-bedroom/3.5 bath and four-bedroom/4/5
bath units. TPCO will manage the property.
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| The Estates at San Antonio, TX |
"We remain bullish on the Texas university marketplace
and are pleased to add our first student housing community serving the UTSA
market,” said Adam Byrley, chief operating officer.
“This marks our seventh community in the I-35 Corridor
between Austin and San Marcos, creating numerous economies of scale and the
ability to share best practices.
"Following its multi-million refurbishment, we are
confident that The Estates at San Antonio will take its rightful place as the
market leader.”
With an average size of 1,712 square feet, each unit
provides a first-floor powder room, granite tile kitchen countertops, stained
concrete flooring, modern light fixtures, full-size washer & dryer and
patio/balcony.
Additional community amenities include a large, resort-style
pool, sand volleyball court, private campus shuttle, grilling/picnic stations
and 24-hour fitness center.
The property is within biking distance to all university
classrooms and athletic facilities, as well as a large offering of nearby
retail and restaurant outlets.
“With enrollment of more than 30,500 students, UTSA is well on its way to
becoming a Tier 1 University,” noted Donna Preiss, founder and CEO,
TPCO.
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| University of Texas, San Antonio Campus |
“Since making it
their goal to achieve this status, the university has increased research
spending by 97 percent, provided numerous nationally ranked programs, expanded
multiple campus learning facilities and substantially improved the academic
prowess of students attracted to UTSA.
"Between the plan’s implementation in 2007 and fall
2017, first-time freshman applications increased by more than 5,000 applicants
annually, and the first-time freshman acceptance rates fell by 13 percent.”
The
Estates at San Antonio shortly will begin a multi-million refurbishment program
focusing on the clubhouse and amenity spaces.
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.
CONTACT:
Amy
Barger,
Vice President of Public Relations
The Preiss Company
(919) 532-1114
