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Atlanta & Southeast  + Southeast  + Student Housing  |  March 10, 2020
David Cohen
By: David Cohen

Preiss Co. Secures $22M Construction Loan for Clemson Student Housing Project

The Preiss Co. has secured a $22.3 million construction loan for the development of Hartwell Village Apartments, a 185-unit, 433-bed, student housing project that is part of the Hartwell Village mixed-use development near Clemson University in Clemson, SC.

The property will be part of the 45-acre mixed-use Hartwell Village development, which opened in 2018 and currently contains two hotels, a Tru by Hilton and an Aloft, along with retail space occupied by Ulta Beauty, Marshalls, Five Below, PetCo, Michaels, Aldi and Rack Room Shoes. Hartwell Village Apartments will feature a resort-style pool, modern fitness center, resident clubhouse and high-end unit finishes.

Roger Edwards of JLL led a team that arranged the non-recourse construction loan on behalf of the Preiss Co.  The lender was not disclosed.

*Pictured above is Hartwell Village

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.
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