#United States #Auburn University #Auburn #GTIS Partners #RISE

GTIS Partners and RISE Expand Student Housing Development at Auburn University

In a notable advancement for student accommodations, GTIS Partners LP has partnered once again with RISE, a leading development company specializing in student housing, to expand their joint venture with an exciting new project: RISE Auburn. This premier housing community aims to cater to the growing population of students at Auburn University.

Focus on Sustained Growth

With enrollment figures at Auburn University consistently climbing in recent years, the demand for high-quality student housing has tightened significantly. The lack of new Class A developments near the campus has created a pressing need for more modern living spaces for students. Recognizing this opportunity, GTIS and RISE successfully acquired and entitled a 4.3-acre site, ideally located about half a mile from the university.

This extensive project is anticipated to feature 718 beds across 240 units, incorporating a highly amenitized building designed with students' needs in mind. Among the standout features are structured parking facilities, a fully-equipped gym, a resort-style pool, a golf simulator, and various study lounges, all aimed at enhancing the student living experience.

Commitment to Quality

"We are excited to expand our partnership with RISE and further strengthen our presence in SEC schools," stated Casey Chayet, Vice President of Acquisitions at GTIS. "RISE Auburn presents us an opportunity to deliver a top-tier student housing solution in a market we believe will continue to grow as enrollment numbers increase. In light of the recent Name, Image, and Likeness (NIL) changes in college athletics, our collaboration will focus on universities excelling academically and athletically.”

Ryan Holmes, CEO of RISE, echoed similar sentiments, saying, "Rejoining efforts with GTIS allows us to fulfill our mutual commitment to provide high-quality, modern housing precisely where it is most needed. With the development of RISE Auburn, we aim to create thoughtfully designed amenities and spaces that enrich the lives of Auburn students."

Future Developments

The completion of this ambitious project is scheduled for just before the 2028-2029 academic year, coinciding perfectly with the rising demand for student accommodations.

About GTIS Partners

Founded in 2005 and headquartered in New York, GTIS Partners is a global real estate investment firm managing $4.7 billion in gross assets. Their investment focus spans various sectors, including residential, industrial, office, and logistics, asserting their dominance in both U.S. and Brazilian markets.

About RISE

Since its inception in 1995, RISE has made a name for itself as a full-service real estate development and management company, specializing in crafting student housing solutions and other community-centric developments. With over 104 projects under its belt, totaling more than 61,000 beds in 26 states, RISE has positioned itself as a leader in enhancing the student living experience.

For further information, visit GTIS at www.gtispartners.com and RISE at www.risere.com.