Muinzer announces the acquisition of the 486-bed Evergreen Auburn apartment community located in

AUBURN, AL – Muinzer, a leading real estate investment firm specializing in student housing, along with capital partner T2 Capital Management, announced the acquisition of Evergreen Auburn near Auburn University. The property consists of 486 residence hall beds that are 97% leased for the August 2023 school year and 88% leased for the August 2024 school year.

Muinzer’s purchase of Evergreen Auburn is its first acquisition in the Auburn University submarket. “We are investing capital in what we believe is an attractive environment for purchasing high-quality student housing. “Evergreen Auburn was a logical destination for us as we continue the nationwide expansion of our student housing platform,” said Marc Muinzer, founder and CEO of his namesake company. “We will continue to scale and heavily concentrate our student housing investments near the largest, fastest-growing four-year universities,” Mr. Muinzer added.

Muinzer began investing in student housing in 2002 and is one of the largest owners in the Big Ten and SEC conferences. “We continue to have a long-term belief in student housing and are actively investing capital toward our goal of acquiring $1 billion in additional student housing assets near high-growth universities,” added Michael Snyder, Muinzer’s chief operating officer.

Muinzer and its affiliate South Street Capital were founded by Marc Muinzer in 2002. With offices in Los Angeles, Knoxville, Auburn, West Lafayette and Chicago, Muinzer is one of the largest owners and operators of residence halls participating in the Big Ten and SEC conferences.