[ad_1]
Austin, Texas, 4th August 2021 / PRNewswire-PRWeb / – Korman Communities has partnered with Verde Capital to purchase its first property in. closed Austin, Texas. The brand new, 226 unit, Class AA property, AVE Austin, offers a unique living solution with flexible stay in North Austin, conveniently located between Downtown Austin and The Domain®.
“This acquisition is the first of many new ventures in the region that we expect to see Bradley Korman, Co-CEO of Philadelphia-regional Korman parishes. “We continue to focus on markets that best reflect where people want to live and work, buying and developing state-of-the-art residential real estate.”
The investment in AVE Austin is in line with Verde Capital’s continued pursuit of opportunities in high-growth urban and suburban markets.
“With its proximity to major educational institutions, medical systems and technology workplaces, this location offers the sustainable demand drivers that will make AVE Austin a sought-after property for decades to come,” says Jake Reiter, President of Verde Capital.
AVE Austin offers studios, spacious luxury apartments with one, two and three bedrooms and fully furnished apartments, coupled with unparalleled on-demand business and resort amenities and a dedicated service team on site seven days a week.
“Austin due to the growing labor market, there is an influx of new residents every year, so there is a need for comfortable and flexible housing, “says Lea Anne Welsh, COO of Korman Communities and President of the AVE brand. “We’ve got you covered at AVE Austin – whether you need an apartment with furnishings month after month while you settle down, or you are looking for an unfurnished apartment long term.”
All residents enjoy free on-demand access to resort and business amenities such as a sparkling pool and barbecue stations, a state-of-the-art fitness center, a quiet courtyard with hammocks and a fire pit, a rooftop lounge with downtown Austin View, pet spa, cyber lounge, flexible workspace, and private meeting rooms. AVE’s professional Resident Services team is on site seven days a week to help with everyday living needs and create a sense of community through concierge support, events and partnerships.
“Our goal is to manage world-class communities where people can live, work and play,” says Welsh. “Everything we offer – from our attentive service, high-quality apartments, on-demand amenities to community events”, should ensure that our residents feel comfortable and cared for. “
AVE Austin is centrally located in North Austin, just a few minutes’ walk from the Red Line, which runs from Leander to the city center, with stops at UT-Austin and The Domain®. This state-of-the-art residential complex is convenient for commuting and has easy access to highways 35 and 183.
Via AVE and Korman Communities
AVE specializes in luxury apartments for the discerning tenant and fully furnished apartments for people who need more flexibility in living due to longer business trips, work relocations, apartment renovations, intermediate apartments, insurance claims and more flexibility in living.
AVE professionally manages shared apartments with flexible residence in The Greater Philadelphia Area (Philadelphia, King of Prussia, Malvern, Newtown Square, and Blue bell), New Jersey (Florham Park, Clifton, union, Somerset) and the east bay of San Francisco (Emeryville and Walnut Creek).
Korman Communities is a fully integrated, cross-generational real estate company with development, management, asset, marketing and finance capabilities operating everywhere The United States and in London. The portfolio consists of two brands – AVE (aveliving.com) ultra-modern multi-family residential communities and AKA (stayaka.com) urban high-rise buildings that offer luxurious, long-term accommodation.
Since the early 1900s, the Korman family has been committed to improving residential and corporate living standards. The Korman communities pioneered corporate housing construction in the 1960s Philadelphia, offers a furnished suite program with flexible rental options and hotel-like amenities in its high-rise apartment building in City center. More information is available at http://www.korman.com.
About Verde Capital
Verde Capital is a national real estate private equity firm providing capital to world class operating partners across multiple asset classes. The clients procure over-the-counter, tax-privileged direct investments in real estate throughout the country. The company, which has multi-billion dollar assets under management, provides equity and structures debt for development projects, acquisitions and recapitalizations to enable maximum assets and returns for operators and investors. More information is available at http://www.verdecapitalcorp.com
Media contact
Ashley Cerasaro, AVE, +1 570-956-0577, acerasaro@aveliving.com
SOURCE AVE
[ad_2]
