Gainesville, Fla. and San Marcos, Texas — The Preiss Company has acquired two student housing communities totaling 2,232 beds in Florida and Texas.
Acquisitions include Cabana Beach San Marcos, a 744-bed community located near Texas State University in San Marcos; and Cabana Beach Gainesville, a 1,488-bed community located near the University of Florida in Gainesville. Both properties offer fully furnished units with bed-to-bath parity. Community amenities include a swimming pool, sand volleyball court, computer lab and study rooms. The new ownership intends to begin renovations on both properties, to include both unit and common area upgrades. The terms of the transaction and the seller were undisclosed. IPA Student Housing brokered the deal.