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Harrison Street Finalizes Its Largest Closed-End Fund to Date
Harrison Street reached final close of its eighth U.S. opportunistic real estate fund, Harrison Street Real Estate Partners VIII, L.P. at the hard cap of $2.0 billion, exceeding the fund’s $1.5-billion target. Chicago-based Harrison Street also raised an additional $510 million in co-investment vehicles.
Christopher Merrill, Harrison Street’s CEO, said, “The closing of Fund VIII, the largest closed-end fund in our firm’s history, amid a black swan event, is a testament to the resiliency of our asset classes, the strength of our investment platform, and confidence placed in us by our global investors, both existing and new.”
Since launching its fund series in 2006, Harrison Street has invested in approximately 108,000 student housing beds, 27,000 senior housing units, 8.7 million square feet of medical office space, 1.4 million square feet of life sciences, over 115,000 storage units, 500,000 square feet of data centers and 1,675 units of single-family housing
- ◦Financing
