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Atlanta & Southeast  + Southeast  + Student Housing  | 

Preiss Co. Acquires 600-Bed Student Housing Complex Near Auburn University

Privately-held, student housing owner-operator The Preiss Co., and a private equity real estate fund advised by Crow Holdings Capital have acquired Aspen Heights, a 600-bed student housing complex nearby Auburn University in Auburn, AL. The sales price was not disclosed.

Located at 721 Aspen Heights Lane, the property consists of a collection of cottages surrounding a well-landscaped resort-style pool, hot tub, outdoor fireplace and full volleyball court. A clubhouse features a computer lab, study lounge, movie theater, game room and fitness center. The complex consists of two-, three- and four-bedroom floor plans with private bedrooms and bathrooms. The property has been rebranded The Collective at Auburn and is currently undergoing major upgrades.

“The upgrades will be handled in phases to ensure minimal resident disruption, meaning The Collective at Auburn will be ready to open fully for the coming school semester, with a fantastic staff and a 95% pre-lease for fall 2021,” said Donna Preiss, founder and CEO at Preiss Co. “As a sister project to the Collective at Clemson, one of our top performing assets, we’re confident that this acquisition will quickly become the off-campus student lodging of choice at the university.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition