The Preiss Co. Acquires 840-Bed Community Near the University of Central Florida

Mercury 3100 is set to undergo interior and exterior renovations. The property is located near the University of Central Florida in Orlando. Mercury 3100 is set to undergo interior and exterior renovations. The property is located near the University of Central Florida in Orlando.

Orlando, Fla. — The Preiss Co., in a joint venture with an undisclosed private investment group, has acquired Mercury 3100, an 840-bed student housing community located near the University of Central Florida in Orlando.

The property offers units with bed-to-bath parity. Community amenities include a swimming pool and sundeck; sand volleyball court; 24-hour fitness center; tanning beds; a basketball court; UCF shuttle service; a recreation center; bike storage; on-site parking; and a computer center.

TPCO plans to begin renovations on the exterior and interior of the property, to include a redesigned clubhouse; the addition of new gym equipment and a basketball court; new paint, landscaping and roofing; enhanced internet capabilities; HVAC replacements; parking lot resurfacing; and pool enhancements.

Additionally, TPCO plans to significantly improve 114 units with new flooring, upgraded lighting packages and black appliances. The remaining 114 units will further upgrade to a Premium Package, which includes new flooring, furniture, lighting, black appliances, granite kitchen and bathroom countertops and resurfaced kitchen and bathroom cabinets.

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