Vie Management has announced the purchase of Ella Lofts, a 5-storey student housing community containing 252 beds and located at 817 Chestnut St. San Marcos, TX.
The 75-unit mid-rise building is comprised of one, two- and four-bedroom units, is pedestrian to Texas State University, and services students attending Austin Community College, and other universities and colleges located throughout the Austin, TX. area.
A $1 million renovation program premiering Fall 2019 will enhance the current living experience with newly renovated communal spaces, expanded resident services, and upgraded units with stainless steel appliances, brand new wood flooring and new furniture.
“From the moment you walk in you’ll immediately feel at home knowing you have everything you need to live, work, study and play” says Derrick Milam, co-Founder and COO, Vie Management.
Vie Lofts at San Marcos offers an opulent experience with access to several exclusive amenities for enjoyment, including; a fitness center, a yoga studio, an infinity swimming pool, a large co-working and study lounge, Kahvie Café coffee shop are among some of the amenities.
Ari Rosenblum, co-Founder and CEO, Vie Management, states: “After observing the evolution of the student housing industry, we decided that now was the right time to develop a new range of services to respond better to our guests’ needs (residents and visitors alike) and offer something different from what they would expect elsewhere.”
Vie Management is a vertically integrated real estate investment and management company that operates student housing and multifamily communities throughout the United States. With over 18 years of experience, Vie has owned and managed more than 40,000 beds across the United States.