{"id":828640,"date":"2022-10-20T19:06:01","date_gmt":"2022-10-20T17:06:01","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/"},"modified":"2022-10-20T19:06:01","modified_gmt":"2022-10-20T17:06:01","slug":"the-preiss-company-adds-valentine-commons-to-student-housing-portfolio","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/","title":{"rendered":"The Preiss Company Adds Valentine Commons to Student Housing Portfolio"},"content":{"rendered":"<p class=\"bwalignc\">\n928-Bed Off-Campus Student Apartment Complex Servicing Multiple N.C. Colleges and Universities to Undergo $10 Million in CapEx Improvements\n<\/p>\n<p>RALEIGH, N.C.&#8211;(BUSINESS WIRE)&#8211;Officials at The Preiss Company (TPCO), one of the nation\u2019s largest, privately-held, student housing owner-operators, today announced the acquisition of the 928-bed Valentine Commons for an undisclosed amount. The off-campus student apartment complex will undergo a $10 million renovation to further upgrade certain public and private spaces.\n<\/p>\n<p><a href=\"https:\/\/mms.businesswire.com\/media\/20221020005192\/en\/546628\/5\/logo.jpg\"><\/a><\/p>\n<p>\nBen Roelke and Ian Walker with Newmark, a global commercial real estate services provider, arranged $77,300,000 in acquisition financing through a life company lender. The five-year loan featured full-term, interest-only payments along with a low floating interest rate, flexible prepayment and a future funding facility to finance the capital upgrades program at the property.\n<\/p>\n<p>\n\u201cValentine Commons is an ideal addition to the Preiss portfolio,&#8221; said John Preiss, president of TPCO. &#8220;This iconic asset is centrally located to a plethora of schools and attractions. The NC State market has been one of the top performing markets in our portfolio, and we believe the upside potential in Valentine Commons is huge. Boasting the largest CapEx plan in the company\u2019s history, we plan to build out new amenities, including a pool and rooftop terrace, as well as interior upgrades.\u201d\n<\/p>\n<p>\nLocated steps away from NC State Campus at 3009 ME Valentine Dr., the student apartment complex serves multiple N.C. institutions of higher learning, including North Carolina State University, Meredith University, Campbell School of Law, Peace University, Shaw University, St. Augustine&#8217;s University and Wake Tech. The 277-unit, 11-story building is adjacent to the Dan Allen parking garage, right around the corner from Hillsborough Street&#8217;s best local restaurants and just minutes from Downtown Raleigh and District Village. Community amenities include a pool, rooftop terrace, private study rooms on every floor, business center, aerobics room, fitness center and game room with a pool table, foosball, darts, shuffleboard and a 65&#8243; TV. Valentine Commons also provides elevators, multiple trash chutes on every floor, a private parking garage, on-site management and monthly resident events.\n<\/p>\n<p>\n\u201cValentine Commons has traditionally been more of a \u2018transitional\u2019 housing option for freshman moving out of the dorms and venturing into apartment life,\u201d said Adam Byrley, chief operating officer of TPCO. \u201cOur business plan is to turn the perception of this asset on its head with top-tier interior unit finishes, brand new amenity spaces and an exciting atmosphere that includes common spaces encouraging socialization and community. Both current and prospective residents will all be taking a second look at Valentine Commons as a community worthy of staying at throughout their time in college.&#8221;\n<\/p>\n<p>\nValentine Commons offers two-, three- and four-bedroom apartments featuring private bedrooms, private bathrooms, washer and dryer and oversized windows. Apartments are fully furnished to include wood flooring throughout the common areas, plush bedroom carpeting and full kitchens equipped with all major appliances. High-speed internet, cable, electricity, water, trash and sewer services are all included in the monthly rental installment.\n<\/p>\n<p>\nTPCO will invest approximately $10 million to upgrade certain public spaces and units. The pool and rooftop terrace will be fully upgraded, and apartments will receive new interior cabinets, countertops, appliances and flooring.\n<\/p>\n<p>\nFor additional information on Valentine Commons, please visit <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.valentinecommons.com%2F&amp;esheet=52948541&amp;newsitemid=20221020005192&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.valentinecommons.com%2F&amp;index=1&amp;md5=efdfefccad19a33847dd338b4fe789a0\">https:\/\/www.valentinecommons.com\/<\/a>.\n<\/p>\n<p>\nAbout The Preiss Company\n<\/p>\n<p>\nCelebrating its 33rd year, Raleigh, North Carolina-based, The Preiss Company specializes in the development, acquisition and management of off-campus student housing. The company is ranked in the nation\u2019s top 10 of the largest, privately held, student housing owner-operators. For more information, visit <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.tpco.com&amp;esheet=52948541&amp;newsitemid=20221020005192&amp;lan=en-US&amp;anchor=www.tpco.com&amp;index=2&amp;md5=c3ca7eab6447d95914fb7b16a4d75393\">www.tpco.com<\/a>.\n<\/p>\n<p>Contacts <\/p>\n<p>\nKasey Munsch, Vice President of Marketing<br \/>\n<br \/>919-706-0668<br \/>\n<br \/><a target=\"_blank\" href=\"&#109;a&#105;l&#116;o&#x3a;k&#x61;s&#x65;y&#x2e;m&#x75;n&#x73;c&#x68;&#64;&#x74;p&#x63;o&#x2e;&#99;&#x6f;&#109;\">&#x6b;&#97;s&#x65;&#121;&#46;&#x6d;&#117;n&#x73;&#99;h&#x40;&#116;p&#x63;&#111;&#46;&#x63;&#111;m<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>928-Bed Off-Campus Student Apartment Complex Servicing Multiple N.C. Colleges and Universities to Undergo $10 Million in CapEx Improvements RALEIGH, N.C.&#8211;(BUSINESS WIRE)&#8211;Officials at The Preiss Company (TPCO), one of the nation\u2019s largest, privately-held, student housing owner-operators, today announced the acquisition of the 928-bed Valentine Commons for an undisclosed amount. The off-campus student apartment complex will undergo [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-828640","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Preiss Company Adds Valentine Commons to Student Housing Portfolio - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Preiss Company Adds Valentine Commons to Student Housing Portfolio - BeBeez\" \/>\n<meta property=\"og:description\" content=\"928-Bed Off-Campus Student Apartment Complex Servicing Multiple N.C. Colleges and Universities to Undergo $10 Million in CapEx Improvements RALEIGH, N.C.&#8211;(BUSINESS WIRE)&#8211;Officials at The Preiss Company (TPCO), one of the nation\u2019s largest, privately-held, student housing owner-operators, today announced the acquisition of the 928-bed Valentine Commons for an undisclosed amount. The off-campus student apartment complex will undergo [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"BeBeez\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-20T17:06:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo-x2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"683\" \/>\n\t<meta property=\"og:image:height\" content=\"242\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"The Preiss Company Adds Valentine Commons to Student Housing Portfolio\",\"datePublished\":\"2022-10-20T17:06:01+00:00\",\"dateModified\":\"2022-10-20T17:06:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/\"},\"wordCount\":603,\"publisher\":{\"@id\":\"https:\/\/15.161.165.86\/#organization\"},\"articleSection\":[\"Real Estate in Asia Pacific\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/\",\"url\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/\",\"name\":\"The Preiss Company Adds Valentine Commons to Student Housing Portfolio - BeBeez\",\"isPartOf\":{\"@id\":\"https:\/\/15.161.165.86\/#website\"},\"datePublished\":\"2022-10-20T17:06:01+00:00\",\"dateModified\":\"2022-10-20T17:06:01+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bebeez.it\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Preiss Company Adds Valentine Commons to Student Housing Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/15.161.165.86\/#website\",\"url\":\"https:\/\/15.161.165.86\/\",\"name\":\"BeBeez\",\"description\":\"BeBeez\",\"publisher\":{\"@id\":\"https:\/\/15.161.165.86\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/15.161.165.86\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/15.161.165.86\/#organization\",\"name\":\"BeBeez\",\"url\":\"https:\/\/15.161.165.86\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/15.161.165.86\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo.png\",\"contentUrl\":\"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo.png\",\"width\":309,\"height\":122,\"caption\":\"BeBeez\"},\"image\":{\"@id\":\"https:\/\/15.161.165.86\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Preiss Company Adds Valentine Commons to Student Housing Portfolio - BeBeez","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"The Preiss Company Adds Valentine Commons to Student Housing Portfolio - BeBeez","og_description":"928-Bed Off-Campus Student Apartment Complex Servicing Multiple N.C. Colleges and Universities to Undergo $10 Million in CapEx Improvements RALEIGH, N.C.&#8211;(BUSINESS WIRE)&#8211;Officials at The Preiss Company (TPCO), one of the nation\u2019s largest, privately-held, student housing owner-operators, today announced the acquisition of the 928-bed Valentine Commons for an undisclosed amount. The off-campus student apartment complex will undergo [&hellip;]","og_url":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/","og_site_name":"BeBeez","article_published_time":"2022-10-20T17:06:01+00:00","og_image":[{"width":683,"height":242,"url":"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo-x2.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/#article","isPartOf":{"@id":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/"},"author":{"name":"","@id":""},"headline":"The Preiss Company Adds Valentine Commons to Student Housing Portfolio","datePublished":"2022-10-20T17:06:01+00:00","dateModified":"2022-10-20T17:06:01+00:00","mainEntityOfPage":{"@id":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/"},"wordCount":603,"publisher":{"@id":"https:\/\/15.161.165.86\/#organization"},"articleSection":["Real Estate in Asia Pacific"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/","url":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/","name":"The Preiss Company Adds Valentine Commons to Student Housing Portfolio - BeBeez","isPartOf":{"@id":"https:\/\/15.161.165.86\/#website"},"datePublished":"2022-10-20T17:06:01+00:00","dateModified":"2022-10-20T17:06:01+00:00","breadcrumb":{"@id":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/the-preiss-company-adds-valentine-commons-to-student-housing-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bebeez.it\/en\/"},{"@type":"ListItem","position":2,"name":"The Preiss Company Adds Valentine Commons to Student Housing Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/15.161.165.86\/#website","url":"https:\/\/15.161.165.86\/","name":"BeBeez","description":"BeBeez","publisher":{"@id":"https:\/\/15.161.165.86\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/15.161.165.86\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/15.161.165.86\/#organization","name":"BeBeez","url":"https:\/\/15.161.165.86\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/15.161.165.86\/#\/schema\/logo\/image\/","url":"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo.png","contentUrl":"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo.png","width":309,"height":122,"caption":"BeBeez"},"image":{"@id":"https:\/\/15.161.165.86\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/posts\/828640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/comments?post=828640"}],"version-history":[{"count":0,"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/posts\/828640\/revisions"}],"wp:attachment":[{"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/media?parent=828640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/categories?post=828640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/tags?post=828640"},{"taxonomy":"settori","embeddable":true,"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/settori?post=828640"},{"taxonomy":"slider_categorie_and_home_page","embeddable":true,"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/slider_categorie_and_home_page?post=828640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}