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MIAMI—Earlier this year, Vie Management bought a student housing portfolio in six states for $134.6 million. Vie purchased the properties with a value-add strategy in mind. “We’re blowing out and expanding fitness centers, improving common areas throughout the buildings and improving upon or expanding the pool decks that exist,” Ari Rosenblum, co-founder and CEO of Vie, tells GlobeSt.com. “In the units, we’re ripping out carpet and putting in vinyl hardwood flooring, replacing old appliances with stainless steel and adding new furniture.”

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