Preiss, Nuveen Acquire 525-Bed Community Near North Carolina State

Signature 1505 offers 525 beds near North Carolina State University in Raleigh. Signature 1505 offers 525 beds near North Carolina State University in Raleigh.

Raleigh, N.C. — A joint venture between The Preiss Co. and Nuveen Real Estate has acquired Signature 1505, a 525-bed student housing community located near North Carolina State University in Raleigh.

The property offers one-, two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include a resort-style swimming pool, state-of-the-art fitness center and 24-hour study and conference areas. Terms of the transaction and the seller were undisclosed.

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