MINNEAPOLIS—The Opus Group just unveiled plans to develop and construct three residential apartment complexes near university campuses in Madison, WI, Milwaukee and Minneapolis. Opus will partner with Harrison Street Real Estate Capital LLC, a Chicago-based real estate investment management firm, to deliver these projects.
“These are all in premier campus locations,” says Tom Shaver, president and CEO of the Minneapolis-based Opus Development Company, L.L.C. “We want to be as close to the campus as we can get. It's more expensive to develop, but safer for a long-term investment. All of these are consistent with our overall strategy.”
“Housing is one of the needs currently unmet by many universities, and unlike classrooms or labs, it's one of the needs that can be met by the private sector,” Shaver adds.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
