The Auden Living brand was established in 2016 as part of expanding DMG’s real estate portfolio. The student housing industry stands out as an excellent investment due to its reliable high demand from the student population, potential for multiple tenants and higher rental premiums, resilience during economic fluctuations, and the opportunity for value-enhancing strategies.
Auden Living was actualized once DMG built its first student housing property. Auden Albany enjoys a superior geographic location, one block away from SUNY Albany and minutes away from shops and restaurants. The project has a total of 322 bedrooms, and thousands of square feet of amenities.
In the same year, DMG acquired Auden Houston, a 162 units, 306 bedrooms housing complex near University of Houston, Texas Southern University, and Rice University.
In 2018, One Park Condos reached completion. The luxury condominium located in New Jersey’s Gold Coast. Boasting 204 bespoke opulent homes with 25,000 square feet of coveted amenities that includes a resort-style indoor swimming pool, sauna, fitness center, golf-simulator, and more.
With the acquisition of a new site in Ithaca, New York, the Auden brand continues to scale across the nation. Located within walking distance of Cornell University and minutes away from the Ithaca Falls, and downtown Ithaca, residents have prime access to the best of everything Ithaca has to offer.
After a year since groundbreaking, DMG celebrated the completion of Auden Upstate. The property is comprised of seven buildings with four floors each covering a total construction area of 211,000 square feet. Auden Upstate has 486 beds that makes up a total of 170 units.
Despite the setbacks brought by the pandemic, DMG was able to complete the latest addition to its student housing portfolio. Auden Buffalo is a 213,000 square feet of living space and sought after amenities. The 481 beds (154 units) of the property is occupied by students of nearby universities like Daemen University, University at Buffalo, and Erie College.
In 2021, The Air Living brand was launched as partt of DMG’s real estate expansion strategy. Following the challenges posed by the pandemic, the multi-family property sector made a remarkable recovery. Capitalizing on this opportunity, DMG Investments seized the moment to channel investments into properties situated near the student housing establishments they had previously developed.
The first property in DMG’s multifamily housing brand, The Air Living, Air Buffalo is comprised of 154 units. The property is situated within walking distance to University at Buffalo North Campus. Amenities include indoor pool, fitness center, residents lounge, and more.
As DMG marks a decade in the industry, its real estate investment portfolio continues to expand. With numerous projects actively in development nationwide, DMG continues to prove its enduring commitment to progress.
