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Harrison Street Real Estate

Harrison Street Real Estate

Harrison Street Real Estate Capital is a private real estate investment management firm based in Chicago, Illinois founded in 2005.

The Firm makes investments through private funds including closed-end opportunity funds, co-investment vehicles, and an open-end core fund. In addition, in December 2010, Harrison Street acquired a REIT Securities advisory firm, and launched Harrison Street Securities, which provides investors with actively managed commingled funds, separate accounts, and mutual fund products investing in public REIT Securities.



Over $7.1 billion in discretionary capital has been raised in-house for the firm’s private funds. Investors are globally diversified and include public and corporate pension funds, endowments, foundations, insurance companies and family offices.For the past three years the firm has been named to the PERE 50 list, which ranks the 50 largest private equity real estate firms in the world. In December 2015, Forbes featured the firm in a piece titled “Real Estate for the Ages,”.

History

The firm started its business in 2005. Today the firm has assets under management of approximately $17.2 billion and since inception has acquired or developed approximately $23 B of real estate throughout 884 properties in 48 states including over 147,000 student beds, more than 24,0000 senior housing units, 212 healthcare office buildings, and more than 135,000 self-storage units. In March 2016, Harrison Street Real Estate announced the completion of its acquisition of Campus Crest Communities, Inc. (NYSE:CCG), a student housing property of over 76,000 beds on 85 campuses. The gross transaction of the deal was valued at approximately $1.9 B. Campus Crest's portfolio of student housing properties encompassed over 38,0000 beds across the United States prior to the deal.In June 2015, Harrison Street opened a London office to focus upon investments in the European student housing market, beginning with a student housing development in Dublin, Ireland. The office was opened following a first closing for its European fund. The firm also announced at this time that it plans to co-invest €250 million in Dublin student accommodations with GSA Investment Management, a global student housing developer.



In May 2015, Harrison Street announced a partnership with the Elmspring, a seed-state accelerator for real estate technology start-ups. Along with initial capital, Harrison Street plays an advisory role to the Elmspring cohort companies.



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