The Preiss Co. Acquires 546-Bed Student Housing Community Near NC State

RALEIGH, N.C. — The Preiss Co. has acquired Campus Edge, a 546-bed student housing community located near the North Carolina State University campus in Raleigh. Preiss plans to begin a $2.2 million renovation on the property this year, which should be complete by fall 2017. The community consists of 13 two- and three-story, garden-style buildings with furnished and unfurnished units. Property amenities include a computer lab, resort-style swimming pool, fitness center, tanning bed, volleyball and basketball courts, dog park, clubhouse with a game room and a car wash area. The community’s furnished units, which comprise roughly 88 percent of inventory, feature nine-foot ceilings, patios or balconies, appliances, full-sized washers and dryers, private bathrooms, walk-in closets, monitored intrusion alarms, extended basic cable and high-speed Internet.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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