The public-private partnership will yield a new apartment community serving upper classmen and graduate students,
The sector’s record-breaking performance continued into the third quarter of the year, according to Yardi Matrix.
Higher interest rates and lower leverage may make loans and deals more difficult, but transactions continue to get done.
The firm’s third project near the University of California, Berkeley is expected to open in fall 2026.
Old National Bank, Johnson Bank and Bremer Bank provided financing for the project.
Preiss will begin interior and exterior renovations in 2023 at the community near North Carolina State University.
Find out which universities have the largest under-construction pipeline in the country, based on Yardi Matrix data.