CHICAGO, Nov. 26, 2021 /PRNewswire/ -- Varsity Campus has
been awarded management of Midtown
Auburn and the Balcony, two Class A student housing
communities totaling 417 bedrooms. Both properties serve the
Auburn University market, which has
seen record enrollment growth.
Located in the heart of Auburn's college town, and pedestrian to
campus, the Balcony, built in 2015, features a mix of one-, four-,
and five-bedroom townhouse-style floorplans with premium
stainless-steel appliances, granite countertops, walk-in closets,
balconies on each floor, and a private garage. The property is
currently 100% occupied and 94% preleased for the 2022/23 academic
term. The prime location to both campus and college town nightlife
and unique, spacious floorplans, position this asset for long-term
stability and strong rent growth.
Just down the road is Midtown
Auburn, a cottage-style community delivered in 2021
featuring one-, two-, three-, and four-bedroom single-family homes
and apartments with modern appliances, granite counters, wood-style
flooring, walk-in closets, and 9-foot ceilings. Midtown's community
amenities include a fitness center, swimming pool, and shuttle
service to campus. The community is currently 100% occupied.
"We are excited to expand our proven management platform in the
Southeast market," says Jerry
Wojenski, CEO at Varsity Campus. "Auburn is a premier
educational institution and we look forward to providing the
students at Auburn a first-class living experience." In addition to
Alabama, Varisty Campus, a leader
in student housing management, operates over 5,000 beds of Class A
off-campus student housing in Chicago, New
York, Pennsylvania, and
North Carolina.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/varsity-campus-awarded-management-of-two-student-housing-communities-at-auburn-university-301432540.html
SOURCE Varsity Campus