Southeast

Raleigh, NC-based Preiss and a private real estate fund advised by Crow Holdings Capital have closed on the purchase of the 694-bed Luxx student housing complex that serves the University of Texas San Antonio.

The deal marks the 14th hotel property sold by the McLean, VA-based REIT in the past year as part of its ongoing program of recycling non-core assets.

The acquisition by Comstock will add 1.1 million square feet of additional density to its own portfolio.

The REIT has entered into an agreement with Arizona State University to develop a Research & Innovation Center.

Sears' real estate sales are expected to generate $200 million a year for the next three years.

The framework defines best practices for managers seeking to invest in the designated opportunity zones around the country.

The Washington, DC-based real estate firm also announced its first tenants at the multi-building property including a deal with restaurant Texas Roadhouse and Sheetz, a convenience store and gasoline station, and a 20,000-square-foot health club.

His new role is part of the company's strategic shift to a broader approach in delivering services.