August 20, 2019 Comments Off on Harrison Street Raises $1.6B for 7th U.S. Opportunistic Fund Views: 574 Illinois, Midwest, National News

Harrison Street Raises $1.6B for 7th U.S. Opportunistic Fund

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Harrison Street closed on its seventh U.S. opportunistic real estate fund, Harrison Street Real Estate Partners VII L.P., at the fund’s hard cap of $1.3 billion, exceeding its original $950-million target.

The Chicago-based firm raised an additional $302.5 million in co-investment vehicles to invest alongside Fund VII, for a total of $1.6 billion of equity raised and total buying capacity of approximately $4 billion.

Fund VII has already committed 26% of its equity capital, and expects more than half of the portfolio to be comprised of senior housing, healthcare delivery and life science investments.

“While it is certainly gratifying to see the creation of a robust market around the asset classes we have focused on exclusively for over a decade, we are exceptionally proud of our track record of generating strong risk-adjusted performance for our investors across assets classes and market cycles,” said Harrison Street CEO Christopher Merrill.

Pictured: Harrison Street headquarters in Chicago

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