The Preiss Company Acquires 828-Bed University Trails College Station

TPCO to Invest to Upgrade Student Housing Community

COLLEGE STATION, Texas--(BUSINESS WIRE)--Officials of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the acquisition of the 828-bed University Trails College Station student housing community. Located within walking distance of Texas A&M University, it is centralized in one of two central student housing hubs in College Station.

“While this acquisition marks our first entry into College Station, it also is our 17^th transaction in Texas,” said Susan Folckemer, chief acquisition and development officer, TPCO. “The property services the largest university in the nation with 73,284 students. With a committed Aggies football fan base, University Trails College Station benefits from its close proximity to Kyle Field. Following a planned upgrade, the property will take its rightful place as a leading choice of off-campus housing for Texas A&M students.”

Located at 1101 Luther Street West, the off-campus apartments offer 1-, 2- and 3- and 4-bedroom layouts. The fully furnished units include private bedrooms and bathrooms with vinyl flooring in the common area. Additionally, each apartment provides a washer and dryer, new stainless steel appliances and a private patio/balcony. The pet-friendly student housing community also provides trash and sewer services, high-speed internet and water. Additional amenities include a sand volleyball court, resort-style pool and hot tub, basketball court, two fitness centers, business center/café lounge and multiple study rooms.

TPCO will invest significant capital to renovate interior units, upgrade the property and completely redo the clubhouse.

About The Preiss Company
Celebrating its 34^th year, Raleigh, North Carolina-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 of the largest, privately held, student housing owner-operators. For more information, visit www.tpco.com.