Insights from Experts: Student Housing Business: Venturing into the Sector

6/22/2016
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Sean Spellman, Vice President & General Manager
Years with Opus: 5
Project Credits: Uptown La Grange Luxury Apartments, ArborBLU, The Fresh Market Center, Avant at the Arboretum, Port Clinton Place
Media: Student Housing Business

Key Points

  • Ben Mohns, senior vice president with Harrison Street: “Harrison Street has been investing in student housing for years with no plans to slow down. “We view student housing as an excellent investment given the strong enrollment growth projections at four-year public institutional where we typically invest.”
  • After expanding into the sector five years ago, we’ve worked with Harrison Street Real Estate Capital on 80% of our student housing projects, including Venue at Dinkytown.
  • Sean Spellman: “Our model is true pedestrian, edge-of-campus, mixed-use urban developments. We generally own and operation our student properties through stabilization and then sell them. Opus’ vertically integrated development platform aligns well with Harrison Street’s objectives.”