November 30, 2015
RISE Residential Acquires Ambling Student Housing Management to Secure Their Position Among Top Management Companies
Valdosta, GA, November 16, 2015- Only five months after Ambling University Development Group successfully rebrands to RISE, it acquires Ambling Student Housing. The RISE portfolio now consists of over 17,000 beds in 36 property in over 16 states.
Ambling Companies, Inc. first formed a management company in 1995. Many years of growth were enjoyed from 1995 to 2011. In 2011, Ambling Companies, Inc. restructured and several owners took the student housing development platform, Ambling University Development Group (AUDG), independent. In 2014, AUDG ownership started its own management company which rebranded to RISE Residential in June 2015.
This acquisition by RISE reunites several of the founding partners of the original Ambling Management Company with properties, owners, and employees where relationships run long and deep. This new expanded management portfolio positions RISE to leverage and grow its student housing and conventional multi-family platforms. This acquisition is a key component to RISE’s vision to strategically grow both its development and management portfolios over the next few years.
RISE’s mission remains the same – to improve lives, to impact people, positively – one person at a time.
“With over 17,000 residents and growing, RISE will continue to create residential environments that foster quality, safe living experiences that provide our residents opportunities to grow,” says RISE Residential President, Greg Blais.
For more information regarding RISE, visit www.RiseRE.com.
Karissa Schminky, VP of Marketing
348 Enterprise Dr.
Valdosta, GA 31601