Preiss to Manage Two Student Housing Communities Near UNC Charlotte
Preiss, a national student housing and multifamily operator based in Raleigh, North Carolina, has been awarded the management of two off-campus student housing communities near the University of North Carolina at Charlotte. The properties—The Mill and The Union—are part of an expanded portfolio following their acquisition by Triangle Capital Group from New York. Preiss will oversee a $5 million capital investment to upgrade both sites with interior renovations, smart home technology integration, amenity enhancements, and brand transformations. This marks Preiss' strategic re-entry into the Charlotte market, adding 230 units totaling 569 beds across its managed portfolio. The Mill offers 131 units (386 beds) in larger floor plans near campus, while The Union provides 99 units (183 beds), including studio options adjacent to UNC Charlotte. Mike Kivitz of Preiss emphasized the company's commitment to improving resident experiences and aligning with Triangle Capital Group’s long-term vision for these properties.
Topics: capital_investment management_contract student_housing