Preiss Co. Re-enters Charlotte Market with Two Student Housing Assets

The management contract covers The Mill and The Union, two properties positioned within immediate reach of the UNC Charlotte campus. The Mill provides 386 beds across 131 units, while The Union offers 183 beds in a mix of studio and multi-bedroom floor plans. Ownership has committed to a $5 million capital improvement program aimed at modernizing both assets. Planned renovations include comprehensive interior upgrades, the integration of smart home technology, and complete overhauls of clubhouse and amenity spaces. The project also addresses deferred maintenance and includes full brand transformations for both sites. Mike Kivitz, Director of Strategic Partnerships at Preiss, noted that the company’s primary focus is elevating the daily resident experience while executing the long-term vision established by Triangle Capital Group.