Now that it's 14 years later, Adelman has grown Campus Apartments into one of the biggest off-campus student-housing firms in the country, active in 17 states.
They made a bet that if Adelman lost, he would help out at the off-campus student-housing company Horwitz had founded, Campus Apartments.
"I had to go to Campus Apartments every Saturday to stack lumber and sweep sawdust to earn my stuff back," he said.
Adelman went on to graduate from Ohio State University in 1994 and immediately went to work for Campus Apartments as a property manager.
In the early 2000s, Adelman expanded Campus Apartments to three states: New Jersey, Ohio, and North Carolina.
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