The Preiss Company and BCEG International Investment US Announce Joint Venture Acquisitions of 624-Bed High View Place Student Apartments in San Antonio, Texas, and 480-Bed Rebel Place in Las Vegas
Wednesday June 19, 2019
TPCO Continues Strong Growth Quarter with Fourth and Fifth Student Housing Community Acquisitions of 2019
SAN ANTONIO & LAS VEGAS & RALEIGH, N.C.--(BUSINESS WIRE)--Officials from The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, and BCEG International Investment US (BCEGI), today announced the completed acquisitions of the 624-bed High View Place Student Apartments in San Antonio, Texas, and the 480-bed Rebel Place in Las Vegas, Nev.
High View Place
Located at 15949 Chase Hill Blvd. and serving the University of Texas at San Antonio, High View Place offers a variety of one-, two- and four-bedroom floor plans with expansive communal living spaces and private bedrooms. Each of the 204 units includes sleek, modern kitchens, balcony, in-unit washers and dryers, 50” LED TVs with Apple TV, complimentary high-speed internet and cable and spacious walk-in closets. Additional amenities include ample study spaces, a Wi-Fi enabled clubhouse and a fully equipped computer lab, as well as an outdoor swimming pool and spa. There also are onsite gaming centers with stand-up arcade cabinets, sand volleyball court and scenic picnic grilling area. TPCO is overseeing the multi-million refurbishment of the property. To date, High View Place has upgraded the fitness center and clubhouse and added a new business center, study lounge and yoga studio. The next phase will include electronic key-fob entry installation and upgrades to interior flooring, amenities and Internet service.
“The acquisition of High View marks TPCO's 3rd acquisition in the San Antonio market in the last 12 months,” said John Preiss, CIO. “Rebel and High View mark the first acquisition with BCEGI out of Beijing.”
Comprised of two-, three- and four-bedroom layouts, Rebel Place is located at 3896 Swenson St., within minutes of the University of Nevada, Las Vegas. Each fully furnished apartment is equipped with all-black, energy-efficient appliances, cable television packages, internet, in-unit washer/dryer and private bedrooms with private bathrooms. Community amenities include a 24/7 fitness center, BBQ/picnic area, clubhouse with media room and Wi-Fi, computer lab and cybercafé. The gated community also provides an outdoor grilling area, resort-style swimming pool, poolside theater and pool table. TPCO plans to upgrade the property with electronic key-fob entry, exterior paint and lighting, pool and internet enhancements.
“Rebel Place marks TPCO's first asset in Nevada and the UNLV,” added Preiss. “UNLV is an emerging student housing market with a shortage of purpose built off campus housing.”
About The Preiss Company
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. For more information, visit www.tpco.com.