Monday, February 3, 2020

The Preiss Company and Investcorp Complete Joint Venture Acquisition of 525-Bed Signature West Midtown Student Housing Complex in Atlanta, GA


Susan Folckemer


ATLANTA, GA, Feb. 3, 2020—Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, and Investcorp, a leading global provider and manager of alternative investment products, today announced the joint venture acquisition of the 525-bed Signature West Midtown student housing complex in Atlanta, Ga. 

“This acquisition marks our fourth student housing complex in Georgia and our entry into the attractive and growing Atlanta market,” said Susan Folckemer, chief acquisitions & development officer, TPCO.  

“Signature West Midtown benefits from an exceptional location just steps from Georgia Tech and aligns with The Preiss Company's business strategy of targeting properties based on school selectivity, the health and diversity of the job market in which the asset is located and the asset itself.  

525-bed Signature West Midtown student housing complex
at 
800 Marietta Street NW, Atlanta, Ga 

"The recently completed building and units are in excellent physical condition, and we foresee minimal, if any, new renovations in the immediate future.  

"We are confident that the Signature West Midtown will benefit from our proprietary marketing and management tools and fully expect to see increases in both rentals and resident satisfaction scores.”

CONTACTS:

Kasey Munsch, 
Vice President of Marketing
The Preiss Company
(919) 706-0668

PATRICK DALY
OFFICE MANAGER
DALY GRAY PUBLIC RELATIONS, INC.
620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-300-8289



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