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PEAKMADE REAL ESTATE AWARDED MANAGEMENT OF VILLAS ON RIO, NEAR UT AUSTIN, IN AUSTIN TEXAS

Dec 2, 2021

PeakMade Real Estate, a leading diversified real estate development and property management company, has been awarded management of the recently-opened new development, Villas on Rio, serving the students of University of Texas, Austin.

The 856 bed student housing property offers studios through five-bedroom apartment options, with additional double-occupancy pods in multiple floor plans and is walking distance to the UT Austin campus. The fully furnished units include 65’’ TVs in each living room, designer finishes and lighting, roller shades for windows, large soaking tubs with dual vanities, walk-in closets, Bluetooth shower heads, and a stainless, oversized appliance package.  The one-of-a-kind amenities package includes a 19th floor rooftop pool and hot tub, equinox-style fitness club, Peloton bikes and spin machines, yoga studio, hammock cabanas, private study rooms, sports lounge, and on-site Starbucks with indoor and outdoor seating.  One of the most unique amenities includes an on-site spa that boasts a thermal pool, sauna and meditation room.

“Villas on Rio is truly a trophy asset in one of the most dynamic student housing markets in the country, and we could not be more excited to welcome it to the PeakMade family,” said Casey Petersen, Chief Operating Officer at PeakMade Real Estate. “We are thrilled to have the opportunity to combine this incredible product with a world-class resident service experience and create value for our residents, partners and university community.”

The property recently began renewal leasing for the 2022 fall term. You can find additional information about the property by visiting www.villasonrio.com.

ABOUT PEAKMADE REAL ESTATE

PeakMade Real Estate, based in Atlanta, GA, is a diversified real estate services company, operating multiple brands for management, development, and advisory services for conventional multifamily and student apartments. PeakMade Real Estate provides support and infrastructure to its subsidiary companies, Peak Campus, one of the leading private developers and operators of student housing apartments in the U.S., and PeakMade Communities, a boutique conventional multifamily development and management company. The PeakMade Real Estate family of brands was built to execute on strategies consistent with the goals and long-term investment strategies of its partners. For more information on PeakMade Real Estate, visit www.peakmadere.com.

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