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

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.