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.

JLL Capital Markets has closed the sale and arranged the acquisition financing of the 938,103-square-foot Southpark Meadows I & II, which is located in Austin, Texas and serves as one of the largest regional shopping centers in South-Central Texas.

JLL marketed the property on behalf of the seller, and Big V acquired the asset. JLL also worked on behalf of the new owner to secure a senior loan through Allianz.

Built in 2004 and 2008, Southpark Meadows I & II is anchored by a global discount department and grocery store and shadow-anchored by Target. Additional tenants include HomeGoods, Marshalls, Ross, Hobby Lobby, Burlington, Dave and Busters, Jo-Ann, Best Buy, Pluckers, Five Below and Rooms to Go. The center is currently 95% leased with approximately 104,000 square feet of new leases, including expansions and relocations of existing tenants.

Located at 9600 S I-35, the property sits directly off of I-35 and Slaughter Lane. The center benefits from a population of over 200,000 within a five-mile radius and an average household income of almost $100,000. Additionally, West Slaughter Lane, East Slaughter Lane and Interstate 35 offer a combined vehicles per day count of 230,500.

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Directors Chris Gerard, Barry Brown and Ryan Shore, Associate Robby Westerfield and Analyst Cole Sutter. Managing Directors Chris McColpin and Senior Managing Director Chris Drew led the JLL Retail Capital Markets Debt Advisory team that represented the buyer.

Legend Communities’ The Square at Lohmans Will Marry Old-Fashioned Charm with Innovative Design to Create A True Gathering Place for
Lakeway Residents

Austin, Texas—November 2, 2022. Austin-based Legend Communities — a full-service developer of single-family residential, multi-family and commercial projects in Central Texas and California — today announced the groundbreaking ceremony for Phase I of The Square at Lohmans will take place Wednesday, November 9, 10:00a.m., at 1931 Lohmans Crossing in Lakeway.

“The Square at Lohmans will be a modern take on an old-fashioned concept,” said Legend Communities

Founder and CEO Haythem Dawlett. “Main streets and town squares have been around for hundreds of years. This project will combine the charm of those traditional features with the convenience and other advantages of modern design and energy efficiency. Plus, there will be plenty of outdoor gathering spaces to accommodate families and friends, including a park featuring an amphitheater, pavilion, public restrooms and splash pad.”

Legend Communities Chief Operating Officer Bill Hayes agreed. “The Square at Lohmans will have something for everyone — singles, young families, more mature families and downsizers. We are creating something Lakeway has never really had before — a central gathering place for all the people who live here. The combination of the road network we are building and the town square, I believe, will make this the most important project this city has ever seen.

The event will begin with brief remarks by Lakeway Mayor Tim Kilgore and Legend Communities executives Dawlett and Hayes, followed by the actual groundbreaking and refreshments. Attendees will be able to view site plans, conceptual drawings and elevation renderings.

This groundbreaking will be for Phase I of The Square at Lohmans, which will take approximately one year to complete. It will encompass the construction of Main Street, Lohmans Spur, 150 homes of various types and 210 age-restricted multi-family units.

Ultimately, The Square at Lohmans will be a mixed-use development including office, retail/restaurant, hotel, and residential components. Residential offerings will include single-family homes, attached and detached townhomes, age restricted multi-family units. Construction of the entire multi-phase development that will likely take place over a period of five years or more. Total build-out value will be approximately $500 million.

Carlson, Brigance & Doering Inc. is providing civil engineering services for The Square at Lohmans. Land planning, landscape architecture and commercial architecture is being provided by DTJ Design.

Westmount Realty Capital announced the recent sale of Westmount at Cape Cod, an 11-building Class-B garden-style community located at 13030 Blanco Road on the corner intersection of Blanco Road and Wurzbach Parkway. Westmount has owned the property for six years and this year to date, achieved 14% growth on new leases with more than 6% growth on renewals.

Westmount at Cape Cod was built in 1984 and features 212 units, ranging from one- and two-bedrooms averaging 687 square feet. The community spans 145,680 square feet and features a fitness center, a two-tier saltwater swimming pool with spa and an outdoor kitchen. Residents have direct access to Salado Creek Greenway which has more than seven miles of hiking and multi-use trails that can be accessed from a gated entrance at the property. The property also has direct access to Phil Hardberger Park Conservancy, an urban oasis with over 311 acres of park and multi-use land and the Salado Creek Greenway.

Westmount has made significant interior and exterior renovations including extensive remodeling of the clubhouse/leasing center, relocation and renovation of the fitness center, refreshed landscaping, new signage, new air conditioning units and upgraded mechanical systems. Additionally, 147 interior units were upgraded and refreshed with faux wood plank flooring throughout the property, new lighting and plumbing fixtures, resurfaced countertops and new stainless-steel appliances.

San Antonio was ranked the fastest growing city in America according to the U.S. Census Bureau. Nearly 14,000 people moved to the area between 2020 and 2021.