Harrison Street Real Estate


Harrison Street Real Estate Capital is a private real estate investment management firm based in Chicago, Illinois founded in 2005.[2] 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.[3]

Harrison Street Real Estate
Private
IndustryPrivate Equity
Founded2005 (2005)
FounderChristopher Merrill
Chris Galvin
Michael Galvin
Headquarters444 W. Lake Street
Chicago, Illinois 60606
United States
ProductsReal estate
AUM US$17.2 billion (Jan., 20198) [1]
Total assets884 acquired or developed properties since inception, 363 sold properties since inception [1]
Number of employees
100 (2017)
Websitewww.harrrisonst.com

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.[4]

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.[5] In December 2015, Forbes featured the firm in a piece titled “Real Estate for the Ages,”.[6]

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. [1]

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.

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References
  1. Company web site
  2. "Company Overview of Harrison Street Real Estate Capital, LLC". Bloomberg L.P. December 11, 2018.
  3. I&PE Real Estate
  4. Commercial Property Executive: “Most Innovative Executives”
  5. Private Equity Real Estate (PERE): “Top 50”
  6. Forbes: "Real Estate for the Ages"
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