Douglas Sitt joined RRA full-time in June 2020. He recently graduated from the Business School at George Washington University where he studied real estate and communications. Through his past experience at Vesper Holdings, one of the largest student housing owners in the U.S., Douglas has grown to become an expert in the student housing industry. He worked at Vesper Holdings as an acquisitions analyst for four straight summers while attending college. There he learned the key metrics that student housing buyers look for in new acquisitions.
Additionally, Douglas has experience as a real estate developer and successfully completed his own real estate project from start to finish. He quickly realized the South Bronx as an area that was booming and ripe for development and found an opportunity to redevelop a mixed-use building at 126 Alexander Avenue in the South Bronx, while attending college. He bought a building that was deteriorating and outdated and redeveloped the building into luxurious apartments.
Lastly, within a short time period, Douglas has led RRA’s student housing division from a boutique northeast student housing investment sales firm to a leader in the industry with a national presence. Since starting at RRA, Douglas has completed hundreds of millions of dollars worth of student housing transactions and is becoming one of the leaders in the student housing investment sales industry nationwide.
Douglas’s vast experience in the student housing business brings tremendous value to buyers and sellers in the student housing space.
- Licensed Real Estate Salesperson PA
- George Washington University, Bachelor of Administration; Major-Real Estate, Minor-Communications
License: PA RSR004385 / NY 10401345514