ATLANTA, GA – Officials at The Preiss Company (TPCO), one of the nation s largest, privately-held, student housing owner-operators, and Investcorp, a leading global provider and manager of alternative investment products, announced the joint venture acquisition of the 525-bed Signature West Midtown student housing complex in Atlanta, Ga.
This acquisition marks our fourth student housing complex in Georgia and our entry into the attractive and growing Atlanta market, said Susan Folckemer, chief acquisitions & development officer, TPCO. Signature West Midtown benefits from an exceptional location just steps from Georgia Tech and aligns with The Preiss Company’s business strategy of targeting properties based on school selectivity, the health and diversity of the job market in which the asset is located and the asset itself. The recently completed building and units are in brilliant physical condition, and we foresee minimal, if any, new renovations in the immediate future. We are confident that the Signature West Midtown will benefit from our proprietary marketing and management tools and fully expect to see increases in both rentals and resident satisfaction scores.
Located at 800 Marietta Street NW, the student housing complex provides studio-, 1-, 2-, 3-, 4- and 5-bedroom configurations. Each unit includes private bedrooms and bathrooms, 50″ 4K Smart TVs in each living room, chic modern furniture, stainless steel appliances, granite countertops, plank vinyl flooring, in-unit laundry and NEST® Smart Thermostats. Additional options include premium views of Atlanta and reserved space in the dedicated parking garage.
Communal amenities include a resort-style pool and sundeck, rooftop lounge with downtown view, 24-hour fitness center, cyber café with free printing, rideshare lounge, bike storage and package locker system. Additionally, residents can delight in 10,500 square feet of retail located within the building.
Though just a few weeks into 2020, we expect steady growth of our student housing portfolio to continue, driven by Georgia s thriving higher education system, Folckemer added. We look forward to further success as more current and future students seek opportunities in the state.

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FORT WORTH, TX – Wood Partners, a national leader in multi-family real estate development and acquisition, announced the grand opening of its newest luxury residential community – Alta Champions Circle – in Fort Worth, Texas.
Alta Champions Circle stands apart by offering high-end apartments at its premier location, 15848 Championship Parkway, putting residents in close proximity to major employers and two highways that connect them to the entire metroplex.
The new community is adjacent to the recently completed Tanger Outlet Mall, which includes premium retail stores and a number of dining options. Once completed, the area’s master plot will include more dining, office and retail spaces, in addition to a golf course. Alta Champions Circle is also within the highly regarded Northwest Independent School District.
With quick access to State Highway 114 and Interstate 35, Alta Champions Circle provides small commutes to the area’s major financial, industrial and retail employers, including GE Manufacturing Solutions, Charles Schwab, LG Electronics and a number of logistics hubs, plus major entertainment venues—including the famed Texas Motor Speedway.
Alta Champions Circle’s well-appointed amenities include a resort-style swimming pool with a tanning deck and in-water seating. The community also features a scenic green space, shaded terrace seating, a sprawling pet park and grilling station—alongside an indoor party room with a kitchen, high-definition TV and billiards table.
The 24/7 athletic center features Precor equipment including cardio theater technology, free-weight stations and conditioning equipment. Residents of Alta Champions Circle can also work from private micro offices and access Wi-Fi in common areas to ensure comfort and productivity without having to leave the community.
Each apartment home offers Class-A kitchen finishes, including stainless GE Energy Star appliances and custom-patterned tile backsplash. All homes have full-size, in-unit washer and dryer and walk-in closets. Select units feature a private yard and expansive island kitchen.

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ATLANTA, GA – Nicol Investment Company (“NIC”), a family owned real estate investment firm headquartered in Nashville, Tenn., has sold Evergreen Lenox Park, a 206-unit luxury apartment community, to a New York-based pension fund in a successful off-market transaction.
NIC bought the community in 2013 and invested more than $2.5 million to significantly upgrade the units, exterior, clubhouse and amenities.
“The location of Evergreen Lenox Park is exceptional. As opportunistic investors, we were able to buy the asset and invest in many upgrades to help it become a top choice in the competitive, Class-A luxury apartment market in North Buckhead,” said Ron Johnson, Chief Financial Officer, NIC. “We have an brilliant, experienced team and are always looking for attractive investments in key Southeastern markets.”
Evergreen, 100 Lenox Park Circle, is located in one of Atlanta’s most sought-after neighborhoods. The asset is in walking distance to top employers and close to shopping and dining experiences.
The sale of Evergreen marks Nicol’s sixth transaction in the last six months, including the sale of Hayes House apartments in Nashville, the acquisition of The Parker at Maitland Station apartments in Orlando and the acquisition of three self-storage facilities.

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