Jul
05
Harrison Street Opportunistic Fund Raises $1.1B
ByFund VI—which will focus on education, health care and storage assets—surpassed its $850 million target by a long shot, with contributions from more than 65 institutional investors.
Harrison Street Real Estate Capital LLC recently closed Harrison Street Real Estate Partners VI LP with a bang. Fund VI, Harrison Street’s sixth U.S. opportunistic real estate fund, surpassed its $850 million target by a long shot, reeling in a total of $950 million in equity commitments and raising an additional $205 million of equity capital in co-investment vehicles, for a total raise of approximately $1.15 billion.
A lot can happen in a year; Fund VI launched in late July 2016. Like the real estate investment management firm’s previous five closed-end opportunistic funds, Fund VI focuses on investing in the education, health care and storage sectors. Investors can’t seem to get enough. “Our differentiated, disciplined and rigorous investment approach, and deep focus on resilient sectors driven by favorable demographic trends, has generated exceptional risk-adjusted performance across cycles for our investors,” Christopher Merrill, president & CEO of Harrison Street Real Estate Capital said in a prepared statement…
