TUSCALOOSA, Ala. & LAWRENCE, Kan.--(BUSINESS WIRE)--The Preiss Company (TPCO), a leading privately held student housing owner-operator in the United States, is pleased to announce the acquisitions of The Collective at Lawrence in Lawrence, Kan., and Riverfront Village in Tuscaloosa, Ala. These strategic additions mark significant milestones for the company as it continues to expand its footprint across key student housing markets.
The Collective at Lawrence
The Collective at Lawrence, formerly known as The Nest, is a premier cottage-style community located in Lawrence, Kan., serving students at the University of Kansas. This 270-unit, 784-bed property represents TPCO’s second asset in Kansas and its first owned property in the state. Built in 2018, The Collective at Lawrence boasts an exceptional amenity package, including a state-of-the-art clubhouse, an indoor/outdoor fitness center, a pool and hot tub, a disc golf course, a soccer field, and numerous study areas.
“We are thrilled to establish a deeper presence in the state of Kansas with the acquisition of The Collective at Lawrence,” said Adam Byrley, Chief Operating Officer at The Preiss Company. “This property aligns with our commitment to providing students with high-quality living environments that support both academic and personal growth.”
Planned enhancements for The Collective at Lawrence include comprehensive technology upgrades throughout the property to enhance residents’ convenience and security.
Riverfront Village
Riverfront Village, a 440-bed, 92-unit community in Tuscaloosa, Ala., serves students attending the University of Alabama. This acquisition marks TPCO’s 25th transaction with its equity partner, Crow Holdings Capital. Since 2017, this partnership has facilitated over $1.4 billion in transaction volume, including three major deals within the last 30 days. Notably, the recent acquisition of The Collective at Columbia, serving the University of Missouri (Mizzou), was completed just last month.
“These acquisitions are a testament to our successful, long-standing relationship with Crow Holdings Capital,” said John Preiss, President of The Preiss Company. “We are excited to further enhance the living experience for University of Alabama students through planned capital improvements.”
Capital enhancements for Riverfront Village will include the renovation of select apartments featuring upgraded appliances, cabinetry, and kitchen backsplashes, as well as a clubhouse redesign and pool area upgrades. In addition, TPCO plans to implement property-wide technology upgrades to elevate the resident experience.
“The acquisitions of The Collective at Lawrence and Riverfront Village underscore our strategic growth initiatives and our commitment to expanding our reach in vibrant university markets,” Byrley added. “With these additions, we are proud to continue setting the standard for modern, amenity-rich student housing communities.”
About The Preiss Company
Founded in 1987 and headquartered in Raleigh, North Carolina, The Preiss Company specializes in the development, acquisition, and management of conventional multifamily and off-campus student housing. With over three decades of experience, TPCO has grown to become one of the largest privately held student housing providers in the United States, consistently ranking among the top 10 in the nation. For more information about The Preiss Company, please visit: www.tpco.com.
About Crow Holdings Capital
Crow Holdings Capital (CHC) is a real estate investment management company specializing in multifamily, industrial, and specialty property types delivered through strategies that span the risk-return spectrum. Since 1998, CHC has created a diversified portfolio in partnership with leading global investors and generating attractive returns across multiple market cycles. Led by a highly experienced leadership team, CHC manages $19 billion in real estate assets and is a subsidiary of Crow Holdings, a privately owned real estate investment and development firm with 75 years of history, $33 billion of assets under management, and an established platform with a vision for continued success. The firm’s ongoing legacy is rooted in its founding principles: partnership, collaboration, and alignment of interests. For more information, please visit www.crowholdings.com.
