Summary:
- GTIS Partners LP and RISE have expanded their joint venture to develop RISE Auburn, a 718-bed student housing community on a 4.3-acre site located half a mile from Auburn University’s campus, addressing a tightening market caused by enrollment growth and limited Class A housing options.
- The development will include 240 units with amenities such as structured parking, a full-scale gym, resort-style pool, golf simulator, and study lounges, aiming to meet the demand for high-quality, modern student accommodations near campus.
- Scheduled for delivery before the 2028-2029 academic year, the project reflects GTIS and RISE’s strategic focus on SEC schools and markets with sustained enrollment growth, leveraging their experience from previous partnerships like the Ole Miss Ivy & Elm development.
Original article:
https://www.multifamilybiz.com/news/11228/gtis_partners_and_rise_announce_expansion_of_joint…
