https://www.bizjournals.com/stlouis/news/2024/06/15/lage-real-estate-sarah-bernard-innsbrook.html
St. Charles-based property management firm Lage Real Estate Management has expanded its local operations.
Lage Real Estate Management said Friday it has acquired Sarah Bernard Vacation Rentals, which was founded in 2008 and specializes in managing short-term rental properties in Innsbrook, Missouri. A sale price for the acquisition, effective June 1, was not disclosed.
Sarah Bernard Vacation Rentals manages roughly 35 properties, with nearly all the sites located in Innsbrook, the lake and golf community located about an hour west of St. Louis in Warren County. It’s led by its namesake founder and CEO Sarah Bernard, who also leads the Sarah Bernard Real Estate Team of RedKey Realty Leaders. The firm’s sale will allow Bernard the ability to dedicate her time “solely on her real estate business,” a news release said.
Sarah Bernard Vacation Rentals is joining with a larger firm that says its rapidly growing. Lage Real Estate Management, owned by Jeffrey Lage, oversees short-term rentals, long-term rentals and property management for nearly 200 properties nationwide.
“When I began vetting buyers for Sarah Bernard Vacation Rentals, I had three requirements,” said Bernard in a statement. “The buyer had to understand the needs and perspectives of Innsbrook renters, owners, and the community as a whole; the buyer had to have a similar culture and commitment to customer service, and the buyer had to operate with integrity and a keen attention to detail. Jeffrey Lage fit all these qualifications and had the infrastructure to continue growing what I built.”
Sarah Bernard Vacation Rentals 15 employees will join Lage, bringing the headcount at the St. Charles firm to 35. Sarah Bernard Vacation Rentals will continue to operate under its current name until Sept. 1, 2024, and Bernard will remain involved in the business during the acquisition transition process.
“We exist to solve real estate challenges for investors and create an unparalleled guest experience and so do Sarah and her team. The systems and processes we have put into place to serve our owners and renters nationwide work with what Sarah and her team have built. We are thrilled to welcome them into the Lage family,” said Lage.
