Preiss Firm and Nuveen Actual Property Joint Enterprise Purchase 504-Mattress Reign at The Stadium Scholar Housing Neighborhood in South Carolina

Preiss Company and Nuveen Real Estate Joint Venture Acquire 504-Bed Reign at The Stadium Student Housing Community in South Carolina

COLUMBIA, SC – Officials from The Preiss Company (TPCO), one of the largest privately owned student dormitory operators in the country, announced the acquisition of the 504-bed student housing complex in a joint venture partnership with Nuveen Real Estate, "Reign Living at the Stadium ", renamed" The Row at the Stadium ". The community is located on 1105 Shop Road in Columbia, S.C., within walking distance of the University of South Carolina campus and Williams Brice Stadium.

"The Preiss Company has been looking for the right opportunity to enter the Columbia market for several years," said Donna Preiss, Founder and CEO of TPCO. “The Row at the Stadium is that opportunity.

The complex offers fully furnished 3, 4 and 6 bedroom townhouses including granite countertops, stainless steel appliances, walk-in closets, laundry room and 1GIG wireless internet access. In addition to the bed-bath parity, all units have an additional toilet.

Communal facilities include a lazy river with a music system, an oversized hot tub, a 24-hour fitness center, an outdoor media lounge, and a sand volleyball court. In addition, residents can enjoy a private campus shuttle and the proximity to numerous shopping, entertainment and restaurants.

"With 100% occupancy, a superlative physical facility and an unmatched package of amenities, all within walking distance of the football stadium … we couldn't have asked for a better project than access to the thriving Columbia market," said John Preiss, Chief Investment Officer, TPCO .

Source: Company price


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