Harrison Street, in partnership with Greystar Real Estate Partners, is excited to announce the development of a 344-unit student housing community on the University of Kentucky campus in Lexington, Kentucky. This development is strategically located between academic and athletic facilities and expands on the partnership that has currently resulted in 6,850 beds since 2021. This transaction deepens our relationship with the University of Kentucky and underscores our commitment to public-private partnerships, an essential solution that addresses the dynamic needs of universities as they continue to see significant student growth,” said James Hennessy, Head of PPP Business Development at Harrison Street. “We’re excited to work alongside Greystar and the University of Kentucky to develop another top-tier student housing asset that will meet increasing enrollment needs while enhancing the on-campus experience.” Harrison Street is a leader in providing PPP solutions to the higher education, healthcare and government sectors. The firm has invested $5.6 billion in PPPs to date, across 60 assets serving 41 colleges and universities. Read more here: https://lnkd.in/gQyaqX3x #HarrisonStreet #AlternativeRealAssets #StudentHousing #PPP
Harrison Street
Financial Services
Chicago, Illinois 34,084 followers
A History of Success and a Culture of Innovation
About us
Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. Since inception in 2005, the firm has created a series of differentiated investment solutions focused on demographic-driven, needs-based assets. The firm has invested across senior housing, student housing, healthcare delivery, life sciences and storage real estate as well as social and utility infrastructure. Headquartered in Chicago with offices in Luxembourg, London, New York, San Francisco, Tokyo, Toronto and Washington DC, the firm has more than 260-employees and approximately $56 billion in assets under management. Clients of the firm include a global institutional investor base domiciled in North America, Europe, Middle East, Asia and Latin America. Harrison Street was awarded Best Places to Work by Pensions & Investments for eight years (2014-2020, 2022) and has won multiple awards from PERE, including five for the 2022 Awards: Alternatives Investor of the Year - Global, Industry Figure of the Year - Global, Residential Investor of the Year - Global, Data Centers Investor of the Year - Global, and Residential Investor of the Year - North America. For more information, please visit www.harrisonst.com. The information contained on this site is for informational purposes only and should not be considered as investment advice or as a recommendation of any particular strategy or investment product. This profile should not be considered as a solicitation for services *As used in this website, unless the context otherwise requires, "Harrison Street," “HSRE”, “HS” or the "Firm" refers collectively to Harrison Street Real Estate Capital LLC, its subsidiaries, including Harrison Street Advisors.
- Website
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http://www.harrisonst.com
External link for Harrison Street
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Chicago, Illinois
- Type
- Privately Held
- Founded
- 2005
- Specialties
- Real Asset Investing, P3s, Utilities, Student Housing, Senior Housing, Life Sciences, Storage, Medical Office, Build-to-Rent, Digital, and Renewables
Locations
Employees at Harrison Street
Updates
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We’re excited to announce the expansion of our strategic partnership with Competitive Power Ventures through Harrison Street’s investment in CPV Renewable Power (“CPV Renewables”), a CPV Group affiliate. Through this investment, Harrison Street will support and accelerate CPV Renewables’ growing renewable energy business, which consists of nine operating and under construction projects that together total over 700 MW-ac of wind and solar capacity, sufficient to power over 570,000 households. In parallel, we are pleased to highlight the recent announcement of the start of construction at the CPV Rogue’s Wind project in Pennsylvania. This milestone of CPV Rogue’s Wind exemplifies Harrison Street’s commitment to sustainable infrastructure and the project is expected to reach commercial operation in 2026. Read more about the announcement here: https://lnkd.in/gKDze9ir #HarrisonStreet #AlternativeRealAssets #RenewableEnergy #Infrastructure
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Harrison Street is excited to have made it on P3’s shortlist for Equity Fund Manager of The Year, and Environment, Social and Governance of The Year. In addition, we were also nominated for our work with The Innovation District, in partnership with Appalachian State University and Radnor Property Group for Best Utilities Project, Best Social Infrastructure Project and Best Education Project. The P3 Awards are designed to be a spotlight for those whose innovations define success and breaking boundaries create new possibilities. The firm’s higher education P3 portfolio totals 29 colleges and universities and $5.4 billion in AUM complementing its active off-campus portfolio at over more than 100 universities. Harrison Street is committed to our continued efforts in driving valuable impact and we are honored to be recognized for our dedication in making positive change within our industry. https://lnkd.in/eT7MmM8E #HarrisonStreet #ESG #Infrastructure #MakingAnImpact
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Harrison Street’s Co-Founder, Chairman and CEO Christopher Merrill joined Bloomberg “The Close” with Romaine Bostick, CFA and Alix Steel to discuss his real estate outlook for the second half of the year and beyond, particularly amid potential rate cuts and the current regulatory environment. Christopher touched on the resiliency within the alternative investments sector, the impact of demographic tailwinds on the student housing market, and current opportunities within the commercial real estate market. Watch Christopher join the segment here: https://lnkd.in/gXwPbEHN #HarrisonStreet #AlternativeRealAssets #StudentHousing #RealEstate
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Harrison Street recently announced the acquisition of an off-market self storage portfolio comprised of 19 properties and over 12,000 self storage units strategically located in growing submarkets across Georgia, Alabama, Florida, North Carolina, and South Carolina. The properties will be managed by Harrison Street’s established self storage partner Reliant Real Estate Management. “We are thrilled to expand our presence in key markets across the Southeast benefiting from strong population and income growth, heightened customer demand and favorable demographics,” said Mike Gordon, Global Chief Investment Officer at Harrison Street. “We look forward to furthering our partnership with Reliant and leveraging the synergies of our existing portfolio as we continue to identify attractive self storage investments across North America.” Since its inception in 2005, Harrison Street has invested over $3.7 billion across approximately 325 storage assets, comprising more than 214,000 units across 30 states/provinces in the United States and Canada. The firm has realized investments on 180 storage properties for a gross transaction value of $1.4 billion. Read the full announcement here: https://lnkd.in/grTQRzDk #HarrisonStreet #AlternativeRealAssets #SelfStorage #Southeast
Harrison Street Expands Self Storage Portfolio Through Acquisition of 19 Properties Across Key Southeast Markets
harrisonst.com
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Mike Gordon, Partner and Global Chief Investment Officer at Harrison Street, recently discussed the trends driving the growth and resilience of the student housing sector with FundFire. Mike highlights why now is an ideal time to invest in student housing, pointing to factors such as strong enrollment and occupancy levels, rising rents, and high lease rates, as well as specific regional demand. Mike notes that overall occupancy for this fall is expected to be close to 95%, in line with the past two years. "Net beneficiaries [are] the states of Texas, Arizona and many states within the Southeast [like] Georgia, the Carolinas and Tennessee," he said. "Certain universities just increased their enrollment and that certainly supports the off-campus student housing supply." Harrison Street has invested over $22 billion across 411 properties, totaling more than 222,600 beds in education and student housing assets at leading universities throughout North America and Europe. Read the full article here: https://lnkd.in/gzfDuCNJ #HarrisonStreet #StudentHousing #AlternativeRealAssets #Investing
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We're proud to share that our Co-Founder, Chairman and CEO Christopher Merrill was recently honored as one of Crain's Chicago Business's 2024 Notable Commercial Real Estate Leaders. The list of honorees features leaders based in Chicago that exemplify success and leadership across the commercial real estate industry. Thank you to the Crain's team for this recognition, and thank you to our investors, partners and stakeholders for your continued support! View the full list here: https://lnkd.in/eQS4VSqd #HarrisonStreet #AlternativeRealAssets #CommercialRealEstate #Leadership
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Harrison Street’s Managing Director and Head of Digital Assets Michael Hochanadel recently took part in a video interview with i3's Kali Persall. In the interview, Michael discussed Harrison Street’s approach to data center investments, including how the firm identifies optimal markets, the importance of connectivity in meeting the needs of end users, the rapid growth of the market, and the role of partnerships in building and scaling efforts within the sector. “The operational intensity of the asset class as well as just the complexity involved in delivering one of these sorts of products requires key experts across a wide range of disciplines,” Michael commented. “In many cases, we're also viewing our customer relationship as a partnership in an effort to advance their designs in a way that is consistent with our site and our access to power. It's really impossible to execute without partnerships across each of those different dimensions.” As a leader in the digital assets sector, Harrison Street has committed $4.2 billion since 2018 to powered shells, carrier hotels, strategic collocations and dark fiber, and has built a dedicated team committed to investing across verticals that are key parts of the digital ecosystem. For in-depth perspective on Harrison Street’s data center investments, watch the full interview here: https://lnkd.in/gr7SrNZN #HarrisonStreet #Digital #AlternativeRealAssets #DataCenters
Harrison Street's Mike Hochanadel on identifying optimum markets for data center development and the crucial role of partnerships
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Harrison Street’s medical office asset in Santa Clarita, California faces regional climate hazards such as drought, heat waves and storms, highlighting the need for robust climate risk management. By understanding these climate risks, we developed a comprehensive plan that included underwriting comprehensive property insurance coverage, implementing resource price escalators, and installing emergency generators along with energy-efficient systems. Through these and similar proactive measures, we ensure that our properties can best serve communities and maintain their value amidst evolving climate risks. Read our Corporate Impact Report for more details: https://lnkd.in/grnREDSj #HarrisonStreet #MakingAnImpact #AlternativeInvestments #AlternativeRealAssets
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Last week, Harrison Street’s Joey Lansing, Thomas Errath, Geoffrey Regnery, and James Choi shared their insights on the global alternative real estate markets at our Investor Seminar in Tokyo. Thank you to our investors who attended; we appreciate your participation and look forward to the next event in Asia! #HarrisonStreet #AlternativeRealAssets #Tokyo
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