Source: The Preiss Company
COLLEGE STATION, TX - Officials of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, 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 17th 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.