Highlights Strong Investor Support and Continued Focus on Demographic-Driven Alternative Real Assets
Building upon Harrison Street’s existing opportunistic fund series, Fund VII is designed to provide innovative and flexible capital to demographic-driven, needs-based assets across the senior housing, healthcare, student housing, life sciences and storage sectors. Fund VII has 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 as demand drivers include an aging population that continues to grow and live longer.
Over 60 global institutional investors committed to Fund VII. Harrison Street received significant support from existing investors who contributed nearly 65% of the total committed capital to the fund, in addition to new limited partners.
Merrill added, “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. We look forward to continued innovation and further developing deep relationships within our core markets as we see a great tailwind for these asset classes over the coming decade.”
Since inception in 2005, the firm has invested in 957 properties across 47 states with a gross cost of
About Harrison Street
Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. The firm has created a series of differentiated investment solutions focused on the Education, Healthcare and Storage sectors. Headquartered in
Source: Harrison Street