What GN Associates does

GN Associates Realty, Inc. is a family-owned and operated real estate management company founded in 1987, headquartered at 119 S. Burrowes Street in State College, Pennsylvania. The company owns and operates a portfolio of seven student housing properties in downtown State College — Burrowes Corner, East Side, GN Centre, Park Place, The Graduate, The Lion, and Town Square — serving Penn State University students seeking off-campus housing within walking distance of campus. The portfolio includes a range of configurations from one-bedroom units to six-bedroom apartments, with The Graduate alone housing over 400 students. All apartments are fully furnished with all utilities (heat, water, electric, A/C, sewer, trash, internet) bundled into monthly rent.

The company operates a direct-to-consumer rental model with a single rental office managing applications, wait lists, lease renewals, and the wait list process (which begins filling by end of September each year). Property management is supported by AppFolio tenant portal for online rent payments and maintenance requests, while internet services are delivered through partnerships with DOJO Networks (six properties) and Windstream (East Side). Pricing ranges from $1,496 to $4,450 per month depending on property and configuration, with parking offered as an add-on at $125/month. The company also leases approximately 2,100 square feet of street-level commercial retail space at 111 W. Beaver Ave. at $3,520/month, representing a small adjacent revenue stream.

Name

GN Associates

Legal name

GN Associates Realty, Inc.

Website

https://gnrealty.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

1–10 employees

Short description

GN Associates is a family-owned real estate company founded in 1987 that owns and manages seven fully furnished student housing properties in downtown State College, Pennsylvania, serving Penn State University students with all-inclusive monthly rent.

Ownership category

akta.pro rank

Product category

Student Housing / Residential Property Management

NAICS

Consumer Goods Rental (5322)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Off-Campus Shared Student Houses (Room-by-Room) (THAMAGAC)

akta.pro secondary industries

Student & Academic Term Monthly Housing (THAMAFAH), Off-Campus Housing Support & Landlord Relations (EDALACAJ)

Keywords

• Student housing
• Off-campus apartments
• Furnished rentals
• Property management
• Student apartments

Headquarters

HQ city

State College

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Student Apartment Rental: Monthly rental income from fully furnished student apartments across seven properties. Rent includes all utilities (heat, water, electric, A/C, sewer, trash), internet, and furnishings. Pricing varies by property and floor plan, ranging from approximately $1,496 to $4,450 per month.
2. Parking Permits: Monthly parking rental at $125/month for assigned parking spaces. Parking is issued on a first-come, first-serve basis due to limited availability.
3. Commercial Space Rental: Commercial rental income from approximately 2,100 square feet of street-level retail space at 111 W. Beaver Ave., State College PA 16801, with monthly rent of $3,520 plus electric and trash removal.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

GN Associates provides fully furnished, all-utilities-included student apartment rentals across seven properties in downtown State College, Pennsylvania, marketed to Penn State University students. The portfolio ranges from one-bedroom to six-bedroom floor plans with monthly rent between approximately $1,496 and $4,450, plus ancillary parking ($125/month) and a 2,100 sq ft commercial retail space ($3,520/month). Operations are managed through an in-house rental office with AppFolio handling electronic rent collection and maintenance requests.

Product overview

GN Associates operates as a unified student housing platform consisting of seven residential properties and one commercial space in downtown State College, Pennsylvania. The core offering is fully furnished student apartments with all utilities included, ranging from studio-style one-bedroom units to six-bedroom configurations. The residential properties—Burrowes Corner, East Side, GN Centre, Park Place, The Graduate, The Lion, and Town Square—vary in size, building height, and amenities (such as bike rooms, study lounges, balconies, and elevator access), but share a common value proposition of walkable proximity to Penn State's campus, bundled amenities, and professional property management. The portfolio is managed through AppFolio tenant portals for rent collection and maintenance, and includes a commercial retail space for lease.

Differentiator

Problem solved

Functional benefit

Products and services

• Burrowes Corner A four-story student apartment building at 119 S. Burrowes Street, State College, PA 16801, with two or three apartments per floor and floor plans accommodating four or five roommates. The GN Associates corporate office is located on the first floor, enabling direct in-person tenant support. Internet service is provided by DOJO Networks and is included in rent.
• East Side Apartments Student apartments at 736 E. Foster Avenue, State College, PA 16801, offering private bedrooms in two-bedroom configurations or spacious one-bedroom units, accommodating one to three tenants. Windstream provides internet service included in monthly rent.
• GN Centre Third-floor apartments at 142 S. Allen Street, on the corner of Allen Street and Beaver Avenue, located above Panera Bread and Penn State Downtown Theatre. Units feature vaulted ceilings, secure elevator access, and communal patio areas, accommodating up to six tenants. Internet is provided by DOJO Networks and included in rent.
• Park Place A five-story boutique building at 224 S. Burrowes Street, State College, PA 16801, with 41 apartments in a large variety of floorplans accommodating two to five roommates. Internet service is provided by DOJO Networks and is included in rent.
• The Graduate A seven-floor student apartment building at 138 S. Atherton Street, State College, PA 16801, home to over 400 students, featuring Juliet balconies and multiple floorplans accommodating two to six residents. Internet is provided by DOJO Networks and included in rent.
• The Lion A four-story building at 245 S. Atherton Street, State College, PA 16801, with balconies in upper floor units and patios in first floor units, featuring traditional two-bedroom, two-bathroom floorplans accommodating up to four roommates. Internet provided by DOJO Networks is included in rent.
• Town Square A smaller property at 255 S. Atherton Street, State College, PA 16801, with 22 student apartments offering one-bedroom-one-bathroom or two-bedroom-two-bathroom layouts with open pass-through kitchens and large walk-in closets, accommodating up to five tenants. Internet provided by DOJO Networks is included in rent.
• Parking Permits Monthly parking permit at $125/month for assigned parking spaces, issued on a first-come, first-served basis due to limited availability. Available to tenants of GN Associates properties.
• Commercial Space at 111 W. Beaver Ave. Approximately 2,100 square feet of street-level commercial retail space next to Panera Bread on the corner of Beaver and Allen, featuring on-site bathrooms and high foot traffic. Available for lease at $3,520/month plus electric and trash removal, plus applicable taxes (DID Assessment, Centre County Real Estate, and State College Real Estate). Inquiries handled via [email protected].

Quantifiable outcome

• 100% occupancy maintained year after year across all properties
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• DOJO NetworkscoreTechnology or IntegrationDOJO Networks is the internet service provider for Burrowes Corner, GN Centre, Park Place, Town Square, Lion, and The Graduate. Internet service is included in the monthly rent for residents of these buildings.
• WindstreamcoreTechnology or IntegrationWindstream services East Side Apartments with internet included in the monthly rent. Contact: 1-866-445-8084.
• AppFoliocoreTechnology or IntegrationAppFolio provides the tenant portal for online rent payments and maintenance requests. All rent must be paid electronically through AppFolio at gnrealty.appfolio.com/connect/users/sign_in.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Emerging players

• Campus Living Villages: Student housing operator with a portfolio of university-affiliated and off-campus properties. Comparable as a specialized student housing provider serving university populations.
• RISE Real Estate: Student and multifamily housing operator focused on off-campus apartments near major universities. Comparable as a niche player in the student-focused apartment space.
• The Annex Group: Growing student housing developer and operator focused on purpose-built off-campus student housing near large universities. Comparable as an off-campus student apartment operator with a development pipeline.
• Hunt Development Group: Real estate developer with student housing projects on and around university campuses. Comparable as a developer and operator of student-focused residential properties.

Direct peers

• Cardinal Group Companies: Student housing operator with a national portfolio of off-campus apartments, including properties near Penn State–peer institutions. Directly comparable multi-property university-anchored model.
• Asset Campus Housing: Specialist third-party student housing property manager that owns, develops, and manages off-campus student apartments near major US universities. Directly comparable as a student-focused apartment operator and management platform.
• The Scion Group: Private student housing owner/operator focused on off-campus apartments near large flagship universities, frequently partnering with universities for on-campus developments. Closely comparable to GN Associates in its university-anchored, off-campus apartment focus.
• PeakMade Real Estate: Student housing operator managing a national portfolio of off-campus apartments near major universities, now part of Brookfield. Directly comparable as a multi-property, university-anchored student apartment operator.

Broad incumbents

• American Campus Communities: Once the largest publicly traded student housing REIT in the US, now owned by Blackstone. Operates a national portfolio of on- and off-campus student housing properties serving major universities — directly comparable business model to GN Associates at vastly greater scale.
• Greystar Real Estate Partners: The largest operator of multifamily and student housing in the world, managing hundreds of thousands of beds across university markets. Operates student housing at many Penn State–peer institutions and represents the upper bound of scale versus GN Associates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/gnassociatessc
• LinkedInlinkedin.com/company/gn-associates-realty

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GN Associates