JV Snags Student Housing in Texas, NV

TPCO will undertake a multi-million renovation for High View Place, which marks the company’s third acquisition in the San Antonio market in the past 12 months.
High View Place Student Apartments. Image courtesy of Yardi Matrix
High View Place Student Apartments. Image courtesy of Yardi Matrix

The Preiss Co. (TPCO) in a joint venture with BCEG International Investment US, has acquired High View Place Student Apartments, a 624-bed community in San Antonio and Rebel Place, a 480-bed student housing property in Las Vegas. According to Yardi Matrix, TPCO bought Rebel place from Waypoint Residential for $23 million.

Located at 15949 Chase Hill Blvd., High View Place features a mix of one-, two- and four-bedroom units ranging from 545 to 1,351 square feet. Built in 2009, the community serves students attending the University of San Antonio. The 204-unit property includes common-area amenities including Wi-Fi, a clubhouse, a fully equipped computer lab, study spaces, a swimming pool and spa.

TPCO is in the midst of a multi-million renovation campaign that will add gaming centers with stand-up arcades, a sand volleyball court and picnic grilling areas. The community last traded in 2017, when Waypoint Residential sold it for $27.3 million. This acquisition marks the company’s third in the San Antonio market in the past 12 months, TPCO stated.