GTIS Partners and RISE, a real estate development and management company specialized in student housing, have plans to expand their joint venture to develop RISE Auburn, a premiere student housing community servicing the students of Auburn University.
With sustained enrollment growth at Auburn in recent years, the student housing market has tightened substantially due to a lack of new class A developments with proximity to campus. GTIS and RISE were successfully able to assemble and entitle the 4.3-acre site, which is situated approximately half a mile from campus. The project will feature 718 beds across 240 units in a highly amenitized building, offering students structured parking, a full-scale gym, a resort-style pool, a golf simulator and study lounges.
“We are excited to expand our partnership with RISE and further strengthen our presence at SEC schools,” said Casey Chayet, vice president of acquisitions at GTIS. “Just as with our Ole Miss development with
