Tuesday, December 19, 2006

UT STUDENT HOUSING PICKED UP

AUSTIN (globest.com) – The Preiss Co. of North Carolina and Chicago-based Harrison Street Real Estate Capital have purchased Crossing Place, a student housing project about three miles from the University of Texas.
The five-year-old, 348-unit property was in foreclosure when it was sold. According to Dean Egerter, a principal at Harrison Street Real Estate, occupancy is in the mid-90 percentile.

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