View on the Square is a 390-bed Luxury Apartment in San Marcos.

The Nation’s Leading Student Housing Operator Tapped to Oversee Premier Student Housing Property by Celmark Development

AUSTIN, TX — November 10, 2022 Campus Life & Style (CLS), one of the nation’s leading operators of student housing communities, today announced it has been awarded the management of The View on the Square, a 390-bed luxury apartment adjacent to Texas State University in San Marcos, Texas. The property is currently 97% leased.

The View on the Square offers studios, one-, two-, four- and five-bedroom floor plans. The community features a resort-style pool with in-pool loungers, cabanas with lounge seating/hammocks, private study rooms equipped with computers and printers, a BBQ grilling area with fire pit, fully equipped fitness center and yoga studio, and EV car charging stations in the garage.

“We are excited that Celmark Development has entrusted CLS to handle the management of this premium student community,” stated Jim Sholders, Chief Executive Officer of CLS. “Our goal is to apply our hospitality-centric service program to compliment The View on the Square’s luxurious accommodations serving Texas State students.”

CLS manages a student housing portfolio consisting of over 28,000 beds inclusive of this latest assignment. The CLS team has built a best-in-class operating platform consisting of exceptionally talented personnel dedicated to providing residents with industry-leading customer service. CLS is the only student housing management company in the U.S. to have participated in The Forbes Travel Guide’s global training platform focused on five-star hospitality and concierge services. CLS’ select third-party management offering provides clients with an unmatched level of attention, along with unsurpassed talent, knowledge, creativity, and standards of excellence.

“CLS’ third-party management platform provides our clients with an unmatched level of attention, along with unsurpassed talent, knowledge, creativity, and standards of excellence”, said Elliot Tamir, Co-Founder of Vesper Holdings and Campus Life and Style.

CLS partners with every client-owner, using its own assets to bring best-in-class practices in operations, marketing, leasing and every aspect of property development and management to bear for their properties. Besides creative, out-of-the-box thinking, luxe environments and excellence in every aspect of property management, CLS provides world-class service.

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About Campus Life & Style

Founded in 2015, Campus Life & Style is Vesper Holdings’ property management subsidiary based in Austin, Texas. As one of the largest student housing operators in the industry, CLS manages a portfolio consisting of 60 communities that total over 28,000 beds. CLS’ senior leadership team features one of the most experienced and respected line-ups of student housing professionals in the United States. CLS is helmed by industry veteran Jim Sholders Prior to joining CLS, Mr. Sholders served as a top executive at American Campus Communities (ACC) and was responsible for the overall fiscal operations, asset management, leasing, and personnel supervision of ACC’s entire owned portfolio.For more information about Campus Life & Style, please visit www.clsliving.com.

Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Parkwood Terrace, a 144-unit, value-add asset in Round Rock, Texas.

“This asset’s immediate submarket has the second highest occupancy in the entire MSA, supporting a strong organic rent growth in addition to upgrade premiums,” said IPA First President, Investments Jordan Featherston. “Parkwood Terrace benefits from its low density (18.3 units per acre) as well as recent capital enhancements implemented by previous ownership, which include full exterior improvements and clubhouse renovations.”

Featherston and IPA’s Kent Myers and Will Balthrope represented the seller, Langdon Street Capital, and procured the buyer, The Medve Group.

“Parkwood Terrace has experienced consistently strong rent growth over the past 12 months, just over 20%, with occupancy remaining at high levels,” added Myers. “Residents are within close proximity to many of the entertainment and employment drivers in the area and are just a short commute to Downtown Austin.”

Round Rock, Texas, continues to grow rapidly with new developments in the area such as the Apple’s $1 billion campus expansion, The District, Indigo Ridge, and Kalahari Resort and Convention Center. This asset has strong neighboring demographics which include a five-mile radius population of just over 189,000, with an average household income of $120,000.