Insights from Experts: Matt Rauenhorst at the Bisnow State of the Twin Cities Market

Matt Rauenhorst, Vice President, Real Estate Development
Years with Opus: 13
Project Credits: 365 Nicollet Luxury Multifamily, Oxbō Luxury Mixed-Use Development, Variant Luxury Mixed-Use Development, Lincoln Drive Apartments
Event: Bisnow’s Twin Cities State of the Market

Key Points

• Multifamily is a thriving sector in the Twin Cities compared to other markets. Investors and owners are seeing more a return. The most active multifamily areas in the market will continue to be the Minneapolis Central Business District and Saint Paul.

• The cost of construction is increasing, yields are getting skinnier and land sellers are asking for more money – all are increasing development challenges that we’re overcoming.

• We’ve found the best way to get equity is to create long-term partnerships with a few solid organizations.

• Senior living and healthcare continue to be safe investments. Senior living is recession resistant and healthcare demands are different, which drives new product.

• More about 365 Nicollet
• More about Oxbō
• More about Variant
• More about The Loden