AUBURN, AL - GTIS Partners LP, a global real estate investment firm that manages $4.7 billion in gross assets with a focus on residential and industrial investments, and RISE, a real estate development and management company specialized in student housing, announced the expansion of 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 RISE (Ivy & Elm), RISE Auburn is an opportunity to deliver a best-in-class student housing community in a market we believe will see sustained enrollment growth for years to come. In the new era of Name, Image, and Likeness (NIL) in college athletics, GTIS and RISE will continue to pursue opportunities at universities that excel both academically and athletically."
"Partnering with GTIS again allows us to follow through on our shared commitment to providing high-quality, modern housing where it's needed most," said Ryan Holmes, CEO of RISE. "With RISE Auburn, our goal is to create thoughtfully designed spaces and amenities that make life both easier and more fulfilling for Auburn students."
The project is expected to deliver prior to the 2028-2029 academic year.
Source: GTIS Partners / RISE