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Joint Venture Acquires 752-Bed Community Serving Students Attending Florida State University

Tallahassee, Fla. — A joint venture between The Preiss Co. and a private equity fund advised by Crow Holdings Capital has acquired Quantum on West Call, a 752-bed student housing community located near Florida State University in Tallahassee. The property offers one-, two-, three- and four-bedroom, fully furnished units with bed-to-bath parity. Shared amenities include a 24-hour fitness center, resort-style swimming pool, yoga center, clubhouse, theater, cyber lounge, individual study nooks, group study spaces and a sundeck with hammocks and grilling stations. The new ownership plans to begin renovations on 225 units to upgrade common area vinyl plank flooring and improve internet connectivity. Terms of the transaction and the seller were undisclosed.