Portfolio Management In Real Estate

Peak School of Atlanta, Ga. announced it has been granted and assumed property management of two student real estate communities in Texas. Together, the 2 properties encompass more than 1,000 beds.

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The residential or commercial properties are The Reserve, a 753-bed student real estate neighborhood serving the University of Texas at San Antonio (UTSA) and Storage facility and Factory Houses at Northgate, a 265-bed neighborhood serving Texas A&M University in College Station, Texas.

The Reserve is minutes away from the school, while also in close distance to downtown entertainment venues. The 249-unit neighborhood provides newly-renovated 2-, 3- and four-bedroom homes with different layout alternatives. All of them have private bathrooms and patios, along with walk-in closets. Typical location amenities include a renovated clubhouse with recreation room and a cinema, resort-style swimming pool with sundeck, jacuzzis, outside fire pits and grilling stations, sand and water beach ball courts and a basketball court. The home will go through a $2.7 million remodelling this spring.

Storage facility and Factory Apartments at Northgate is a 169-unit mid-rise residential or commercial property situated within one mile of Texas A&M’s school. The unit mix offers fully-furnished studios and one- to four-bedroom apartment or condos. The interiors boast brick walls, stained concrete floors, granite countertops, as much as 10-foot ceilings, exposed piping and extra-large windows. Common location amenities have actually been just recently refurbished and feature 2 swimming pools with sun deck and barbecuing area, brand-new fitness center, brand-new recreation room and clubhouse and a surrounding parking lot. A $1.4 million renovation is arranged for this spring.

“These projects are an ideal complement to our existing existence in San Antonio and College Station. The fact that we were awarded management is a direct outcome of Peak’s shown capability to carry out in these markets. We look forward to bringing that exact same level of high execution at both The Reserve and Warehouse and Factory,” Casey Petersen, COO at Peak School, stated in a ready statement.

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