Conserve Holdings Expands Student Housing Portfolio with Acquisition of Auden Upstate in Spartanburg, South Carolina
BISWIRE/Nov. 26, 2025 — Conserve Holdings, in partnership with PeakMade Real Estate as property manager, announced the acquisition of Auden Upstate, a 486 bed student housing community serving the University of South Carolina Upstate (USC Upstate). The acquisition reflects Conserve’s growing commitment to the student housing sector and its continued expansion into high growth markets throughout the Southeast.
The transaction was facilitated by Barry Weiner and Jack Baron of Capital Access, with financing provided by KeyBank Real Estate Capital and led by Rodney Shenman.
Auden Upstate includes a mix of one, two, three, and four bedroom apartments and offers a range of amenities designed for student living, including:
- Resort style pool and clubhouse
- Fully equipped fitness center
- Study lounges and collaborative workspaces
- Close proximity to the USC Upstate campus
“We are thrilled to expand into Spartanburg with the acquisition of Auden Upstate,” said David Walkin, Principal of Conserve Holdings. “Student housing continues to show strong fundamentals, and this acquisition allows us to bring our value add strategy to a growing university market.”
Conserve Holdings plans a targeted capital improvement program focused on amenity enhancements, interior upgrades, and increased community engagement. With PeakMade Real Estate overseeing management, the firm expects to elevate the resident experience while strengthening long term operational performance.
This acquisition supports Conserve Holdings’ broader strategy of investing across diverse multifamily verticals, including conventional, workforce, mixed use, and student housing communities in select growth markets.
