As Colleges Reopen, Auden Student Housing Sees Growth

NEW YORK, July 23, 2020 /PRNewswire-PRWeb/ -- With many colleges across the US resuming at least some of their on-campus classes this fall semester, Auden Living, a collection of off-campus student housing communities, is seeing an increase in resident applications. Off-campus student housing is typically "pre-leased" by students during the period of May-July prior to the new school year starting. Auden Living, owned by real estate developer DMG Investments, has housing communities serving universities including Cornell, Rice, SUNY Albany, University of Houston and University of South Carolina.

They have already seen 80% of their units leased for the coming school year, according to DMG Investments COO Jeffrey Amengual. "We find that many students are opting for off-campus housing this year that allows them to live in close proximity to their classes, but in a space that offers more opportunities for social distancing and having greater private space."

Auden's student housing complexes offer features that are particularly important to students during the COVID-19 pandemic such as private bathrooms, fully-equipped kitchens and in-unit washers and dryers. When the pandemic began, the building took strict measures to protect students, including closing common areas, constant disinfection of surfaces, and providing residents with free face masks and cleaning products that were difficult to buy through retail.

Learn more about Auden Living's student housing communities at: https://audenliving.com/

About DMG Investments

Headquartered in New York City at 100 Wall Street, DMG Investments LLC ("DMG") was established in 2013.

DMG focuses on real estate acquisitions, development and management as well as financing. Leveraging the expertise of a team of dedicated real estate professionals with decades of experience creating and adding value for investors, DMG has amassed a portfolio of best-in-class assets across the US in dynamic markets in New York, New Jersey, Texas, Tennessee, Wisconsin, and South Carolina.

As the portfolio continues to grow, DMG is dedicated to providing amenities and services that enhance the livability of each project be it in the student housing, traditional multifamily or condominium sector. In the years to come, the goal of DMG is to become a global real estate enterprise with a world-class reputation for sustainable development and a business philosophy that emphasizes the importance of delivering value for investors, owners and residents.

SOURCE Auden Living