GTIS Partners and RISE Unveil RISE Auburn: A Premium Student Housing Development Near Auburn University

In a strategic move to respond to the growing demand for student housing, GTIS Partners LP and RISE have joined forces to bring a new, premium student housing community to the vicinity of Auburn University. The collaboration, which harnesses GTIS' substantial experience in residential investments and RISE's specialization in student housing development, promises to deliver a state-of-the-art living experience for Auburn's burgeoning student population.

As Auburn University continues to witness a rise in student enrollments, the need for closer, high-quality housing options has become increasingly pronounced. The joint venture has masterfully secured and entitled a 4.3-acre plot within walking distance of the campus—a truly valuable proximity for students. RISE Auburn is set to offer 718 beds in 240 units, featuring comprehensive amenities aimed at enhancing the student living experience. From structured parking to a full-scale gym, a resort-style pool, a golf simulator, and even study lounges, the development emphasizes both academic and lifestyle balance.

Casey Chayet, Vice President of Acquisitions at GTIS, articulates the enthusiasm and strategic vision behind the project, stating, "We are excited to expand our partnership with RISE and further strengthen our presence at SEC schools. 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." Her vision resonates with the transformative Name, Image, and Likeness (NIL) era in college athletics, aligning GTIS and RISE's interests at universities excelling both academically and athletically.

RISE's CEO, Ryan Holmes, echoes the sentiment of alignment with GTIS's investment philosophy, highlighting a mutual dedication to fulfilling the acute need for high-caliber residential spaces. "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 Holmes. "With RISE Auburn, our goal is to create thoughtfully designed spaces and amenities that make life both easier and more fulfilling for Auburn students."

Slated for completion in time for the 2028-2029 academic year, RISE Auburn is poised to serve as a benchmark for future student housing developments across the nation. With its strategic blend of location, amenities, and a thriving university population, the initiative is exemplary of the sector's innovative trajectory. As GTIS and RISE pave the way, the multifamily apartment industry observes a significant step towards catering to the next generation of discerning university students.