The transaction involved the sale of a student housing portfolio comprising 1,248 units and 3,693 beds located across Florida, Texas, Indiana, and North Carolina. The property is characterized as student housing, focused on serving the needs of college students in these markets.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: Undisclosed
• Units: 1,248
• Beds: 3,693
• Seller: Donna Preiss, John Preiss & John Revington - The Preiss Company; Bill Huffman - Nuveen
• Broker: Ben Harkrider, Jack Brett & Ryan Lang - Newmark
• Mortgage Brokers: Benjamin Roelke, Christopher Kramer, Jordan Roeschlaub & Peter Griesinger - Newmark
• Date of Transaction: 04/22/2025

The sale represents the largest transaction for The Preiss Company, facilitated by the brokerage team at Newmark, which arranged the sale of this extensive five-property portfolio. The specific terms of the transaction have not been disclosed.