RISE Continues to Grow Student Housing Portfolio with Athens, OH Purchase
January 4, 2017
Valdosta, Ga. – January 4, 2017 – RISE: A Real Estate Company recently closed on the purchase of University Courtyard Athens, a 182-unit, 580-bed student housing community in Athens, Ohio.
According to Courtney Gordon, RISE’s Senior Vice President of Operations, “The purchase of University Courtyard Athens fits nicely within our current acquisition model which includes acquiring assets in strong markets supported by strong schools – in this case, Ohio University. We are excited to continue our partnership with Ohio University in serving their students.”
Additionally, RISE plans to complete extensive renovations to the property including upgrading units to stainless steel appliances, fixtures and hardware plus a new hardwood look throughout in-unit common spaces and upgraded furniture pieces. The renovations continue with updating the property amenities and improving the buildings’ energy efficiency. Regarding these upgrades, Gordon adds, “The repositioning of this property falls in line with our portfolio strategy as we seek out opportunities that offer strong advantages to our portfolio within promising markets.”
With this repositioning, RISE anticipates better catering to Ohio University’s upperclassmen and graduate students, and looks forward to the opportunity to continue showcasing an emphasis on providing exceptional service and care in all areas of operation.