Peak Campus Management to Manage Three Opus/Harrison Street Development Student Housing Projects Sep
Sep 11, 2013
Atlanta, GA – Peak Campus Management is pleased to announce today that they have been awarded management for three new private student housing developments, located in Madison, Wisconsin; Milwaukee, Wisconsin; and Minneapolis, Minnesota. All three projects will be developed by Opus Development Company, L.L.C. (Opus), a family of national commercial real estate companies headquartered in Minneapolis, in partnership with Harrison Street Real Estate Capital, LLC, a Chicago-based real estate private equity firm. Each project, currently scheduled to open for the 2014 school year, will feature various unit mixes and amenities, catering to each market’s unique student body and market make-up.
Varsity Quarters will service the University of Wisconsin students in Madison, Wisconsin and feature 162-beds in a unit mix of studio, 1-, 2-, and 4-bedrooms. In addition to a 7,500 square foot, ground-floor retail space, the project will also offer numerous amenities such as a parking garage, state-of-the-art fitness center, computer lab, gaming center, tanning bed, and in-unit washer and dryers. The project is ideally located directly adjacent to Camp Randall Stadium.
The Ivy on Fourteenth will offer boutique high-end housing in an unmatched core location with luxurious interior finishes to the students of Marquette University in Milwaukee, Wisconsin. The Ivy will be comprised of 165-beds in a unit mix of studio, 1-, 2-, 3-, and 4-bedrooms with in-unit washer and dryers, and will include amenities such as indoor parking, a state-of-the-art fitness center, study rooms, social areas and ground-floor retail space, with Subway restaurant and other local favorites yet to be announced as tenants.
Located in the highly popular and eclectic Dinkytown neighborhood of Minneapolis, The Venue at Dinkytown will service the students of the University of Minnesota. Standing six-stories tall, The Venue will consist of 246-beds with bed-to-bath parity, and a unit mix of studio, 1-, 2-, 3-, and 4-bedrooms and in-unit washer and dryers. Amenities will include a 9,500 square foot, ground-floor retail space, an underground parking garage, contemporary common spaces, state-of-the-art fitness center, computer lab, and tanning bed.
“We are thrilled to be able to grow our relationship with both Opus and Harrison Street by continuing to provide world class property management services,” said Bob Clark, President at Peak Campus Management. “We believe each of these high-end boutique development projects will fit well into each local student housing market with their luxurious unit interiors, extensive list of amenities, and above all else, outstanding locations.”
About Peak Campus Management
Peak Campus Management is an institutional-grade student housing management company based in Atlanta, Georgia with approximately 700 employees. Our seasoned professionals offer a demonstrated ability to execute on goals and long term investment strategies of our partners. Peak Campus Management currently oversees 57 assets at approximately 29,000 beds valued at over $1.8 billion for investors nationwide. For more information on Peak Campus and our full array of real estate solutions, please visit www.PeakCampus.com.
About The Opus Group
The Opus Group® is a family of commercial real estate companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; architecture, engineering and interior design; sales and leasing. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in office, industrial, retail, institutional, residential and government projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit www.opus-group.com.
About Harrison Street Real Estate Capital
Harrison Street is a real estate private equity firm founded in 2005 that directly and through its affiliates, has over $5 billion in assets under management (AUM) through commingled funds and public securities products. The commingled funds focus exclusively on the Education, Healthcare and Storage segments of the US real estate market. The firm currently owns approximately $4.2 billion in real estate assets consisting of over 250 properties in 38 states including over 30,000 student housing beds, more than 7,300 senior housing/assisted living units, over 1.4 million square feet of medical office space, and more than 72,000 self-storage units. Additionally, Harrison Street Securities LLC currently manages over $950 million in REIT securities through distinct long only product offerings. For more information please visit www.harrisonst.com.