Joint Venture Acquires 1,692-Bed Community Near East Carolina University

Captain’s Quarters, newly renamed Paramount 3800, is set to undergo interior and exterior renovations. The 1,692-bed property is located near East Carolina University in Greenville.  Captain’s Quarters, newly renamed Paramount 3800, is set to undergo interior and exterior renovations. The 1,692-bed property is located near East Carolina University in Greenville.

Greenville, N.C. — A joint venture between FM Capital, Gottlieb Family Partners and AMAC Holdings has acquired Captain’s Quarters, a 1,692-bed student housing community located near East Carolina University in Greenville.

The property is set to undergo renovations and rebranding. The new name of the community will be Paramount 3800. The property spans 38 buildings, and features shared amenities including three resort-style pools with outdoor lounging and dining areas; two clubhouses; a full-court basketball gymnasium; double sand volleyball courts; a dog park; fitness center; theater room; computer lab; and multiple private and group study rooms. The Preiss Company has been selected to manage the property.

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