The Preiss Company Acquires 828-Bed University Trails College Station Student Housing Community at Texas A&M University

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 plotted 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.

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FCP Completes $71.9 Million Acquisition of 245-Unit Camden Largo Town Center Apartment Community in Top Maryland Submarket

CHEVY CHASE, MD – FCP with partners Insight Property Group and AHC announce the acquisition of Camden Largo Town Center apartments in Largo, MD for $71.9 million. The 245-unit community at 9701 Summit Circle will be rebranded Haven Largo.
“FCP is excited to continue investing in our home market with the acquisition of a well-maintained and high performing asset in one of the top submarkets in suburban Maryland,” said FCP’s Scott Reibstein. “As part of our commitment to the preservation of moderately priced apartment communities in the Washington, DC region, we plot to offer resident services and implement affordability requirements to a part of the units.”
“Insight is thrilled to partner with Prince George’s County, AHC and FCP on this acquisition, where we will be able to make much-needed affordable housing in an exceptional location,” said Tim White, Partner at Insight Property Group.
“AHC is delighted to buy our first community in Prince George’s County in partnership with the County, Insight Property Group, and FCP,” said Mary Claire Davis, AHC Greater Baltimore Director. “We appreciate the County’s commitment to providing long-term rental affordability in such a prime location, and look forward to adding programming and services to further enhance residents’ quality of life.”
Haven Largo is a low-density, garden apartment community offering a tranquil setting in a quickly growing submarket in Prince George’s County, MD. The community is minutes from the Largo Town Center Metro Station and the Capital Beltway. Residents of the spacious one-, two-, and three-bedroom apartments have access to major employment centers including the nearby University of Maryland Capital Region Medical Center. Apartment amenities include in-unit washers and dryers, vaulted ceilings, kitchen pantries, and rentable garages. The community has a fitness center, swimming pool, grilling areas, and an outdoor gazebo.

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Wood Partners Debuts Newest Luxury Community With Launch of 256-Unit Alta Belleair Apartments in Clearwater, Florida

CLEARWATER, FL – National multifamily real estate development leader Wood Partners recently announced the grand opening of its latest luxury residential community, Alta Belleair, less than five miles away from Clearwater Beach in Florida.
Located at 1632 Clearwater Largo Road N, Alta Belleair features 256 units across five buildings, offering studio, one-, two- and three-bedroom floorplans. With the community’s exceptional location, residents are minutes away from well loved restaurants, shopping, and leisure attractions in downtown Clearwater, and only 5 miles from the soft, white sand of renowned Clearwater Beach, just across the Causeway Bridge.
“As the city of Clearwater continues to experience unprecedented demand for high-quality housing options, Wood Partners is excited to debut Alta Belleair as the city’s newest luxury living community,” said Charles Barrus, Executive Managing Director for Wood Partners. “By embracing Clearwater’s relaxed, coastal atmosphere, Alta Belleair provides residents the perfect balance of modern luxury with the charm of beach living, all within minutes of the area’s top employers, local attractions and retail options.”
The community’s apartment homes feature resort-inspired privacy and high-end finishes to provide residents with a relaxing, modern place to call home. Units include designer-styled kitchens, complete with stainless GE appliance packages, premium quartz countertops, soft-close cabinetry with under-cabinet lighting, as well as wood-style plank flooring throughout the kitchen, bathrooms and living room. Additional in-home highlights include oversized closets, a private patio or balcony, electronic thermostats and in-unit washer and dryer sets. Thirty-eight of the community’s homes are being offered as affordable housing for qualified residents.
Alta Belleair also offers a range of top-end resident amenities, including a zero-entry saltwater pool with a sundeck and private cabanas, multiple outdoor grilling areas, and a covered poolside pavilion with a hammock park and lounge seating. Inside the community clubhouse, residents can delight in the state-of-the-art 24/7 fitness center and yoga room, a billiards lounge and game room, and a cybercafé complete with micro-offices and drop-in communal tables.
Within minutes of the community, residents have access to US-19 and Gulf to Bay Boulevard, providing a quick commute to charming downtown Clearwater and the rest of the city. Alta Belleair’s premier location enables residents to reach key employers including Tech Data, Lincare Holdings, and Newport Oil Corporation in a matter of minutes, as well as downtown St. Petersburg’s well loved dining and retail offerings in less than half an hour.

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