Harrison Street Real Estate Capital Investment Strategies and Transactions

Harrison Street Real Estate Capital is a leading investment manager that focuses on the education, healthcare, and storage sectors. They have a strong track record of delivering returns to their investors.

The company's investment strategies are built around a deep understanding of the markets they operate in. This allows them to identify opportunities and make informed investment decisions.

Harrison Street has a significant presence in the education sector, with investments in student housing and other education-related assets.

Harrison Street Real Estate Capital has been making waves in the real estate market with its recent transactions. The company sold a multi-state 12-asset healthcare portfolio for $283 million, a significant deal that showcases its expertise in the healthcare sector.

The portfolio consisted of 655,661 square feet of Class A assets, including medical office buildings, inpatient rehabilitation hospitals, and short-term acute care hospitals. Locations of the assets were in demographically significant markets such as Florida, Texas, Nevada, Oklahoma, South Carolina, and Indiana.

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Harrison Street's success in this deal is a testament to its ability to aggregate high-quality assets and attract institutional investor interest. The company's experience in the Education, Healthcare, and Storage sectors has allowed it to realize over $2 billion in asset sales since inception.

Here are the details of Harrison Street's recent land acquisitions in Dinkytown:

The purchase price for the Dinkytown sites came to an average of $59,286 per unit, a relatively low price compared to other apartment sales in the area.

Harrison Street Real Estate Capital has made a significant sale, selling a multi-state 12-asset healthcare portfolio for $283 million.

The portfolio spans 655,661 square feet and consists of seven medical office buildings, three inpatient rehabilitation hospitals, and two short-term acute care hospitals.

These assets are primarily newly-constructed Class A properties located in demographically significant markets including Florida, Texas, Nevada, Oklahoma, South Carolina, and Indiana.

The portfolio has an impressive 99.6% occupancy rate, represented by national and regional health systems, hospitals, and physician groups.

Institutional investor interest in the portfolio was substantial, with many signing confidentiality agreements and submitting qualified offers.

This sale is indicative of the demand for healthcare real estate, with institutional investors recognizing its attractiveness due to demographic drivers and needs-based real estate.

Harrison Street aggregated the portfolio through single asset acquisitions and development with four operating partners, using capital from Harrison Street Real Estate Partners III.

The sale marks a significant milestone for Harrison Street, which has now realized over $2 billion in asset sales since its inception.

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Opus partner Harrison Street Real Estate Capital LLC has closed on three Dinkytown land acquisitions totaling nearly $8.3 million. This clears the way for construction to begin on Opus' as-yet-unnamed 140-unit student apartment project near the University of Minnesota's Minneapolis campus.

The Chicago-based company bought the sites from various owners, including Aramenco LLC, Susan Chilgren Duffy and Patrick Michael Duffy, and Bauer Real Properties. The purchase price for the Dinkytown sites came to an average of $59,286 per unit.

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Site work has started and construction is expected to begin within 30 days. The project is set to open in time for the 2014 school year and will include 246 beds in 140 rental units, with 9,500 square feet of ground floor retail.

Here are the details of the transactions:

Harrison Street Real Estate Capital LLC is a Chicago-based company with strong ties to Opus Development Corp. It frequently works with Opus on projects, as seen in the Dinkytown land acquisitions.

The company is led by Matt Rauenhorst, senior director of real estate development at Opus, who said they're excited to close on the property. The project is set to open in time for the 2014 school year.

The company acquired three Dinkytown land sites for nearly $8.3 million, with an average purchase price of $59,286 per unit. This is less than the $78,402 paid for apartments since Finance & Commerce started tracking apartment sales in 2011.

Here's a breakdown of the purchase prices for the Dinkytown sites:

Opus teams up with Harrison Street Real Estate Capital LLC on student apartment projects in Wisconsin. The partnership is a strategic one, with both companies working together on multiple projects.

Dave Menke, executive vice president of Opus Development Co. LLC, says the developments will be "best-in-class" in their respective markets. He's confident that the projects will offer residents high-quality amenities and a great living environment with close proximity to campus.

The Wisconsin projects are slightly smaller than the Minneapolis building, which will have 247 beds and 9,500 square feet of ground floor retail. All three projects are slated to open in August 2014.

Here are the details on the Wisconsin projects:

Opus Development will be the developer and Opus Design Build LLC will be the contractor for all three projects. Harrison Street will own the Milwaukee and Minneapolis projects, while the Madison project will be a joint venture.

Harrison Street has invested $68 billion/€61 billion across 1,657 transactions in its target sectors, showcasing its expertise in alternative real assets.

The Firm has a rigorous and time-tested investment process, which is made possible by its deep experience in executing strategies in both core and non-core investments.

Harrison Street's investment strategy is driven by demographic trends, including an ageing population that continues to grow and live longer, increasing college enrolments, and a more mobile population.

These demographic trends create a cycle-resilient user demand, which is a key factor in the Firm's investment approach.

The Firm has realised on more than 675 assets totalling over $16 billion/€15 billion in total cost, demonstrating its ability to execute successful investment strategies.

Harrison Street executes strategies in both core and non-core investments in North America and Europe, expanding its reach and expertise in the real estate market.

The Firm's investment life cycle spans from strategy conception to disposition, ensuring a comprehensive approach to managing assets.

Harrison Street's focus on demographic-driven, needs-based real assets has enabled it to execute its strategy with confidence, leveraging its expertise to deliver successful investment results.

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The Harrison Street team has been developing and nurturing relationships with top universities, health systems and operating partners across North America and Europe since 2005.

This network has been instrumental in helping the Firm innovate within demographic-driven, needs-based real assets.

By expanding into new investment strategies and markets, Harrison Street can meet the needs of its clients and complement its existing activities.

The Firm's strategic corporate development has allowed it to strategically expand into new areas, driving growth and success.

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Harrison Street Real Estate Capital has a strong track record of performance, with returns verified by Ernst & Young through December 31, 2023.

The firm's performance is thoroughly checked in-house as part of a multi-stage process, ensuring the accuracy of their returns.

Harrison Street was founded in 2005 by Christopher Merrill, Christopher Galvin, and his brother Michael, who are grandsons of Motorola's founder Paul Galvin. The firm was named after the location where Motorola was founded.

The Galvins and Merrill had a vision for a company that would focus on noncyclical events, which they believed would provide higher risk-adjusted returns and be more shielded from economic downturns.

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Performance verification is a rigorous process that involves multiple stages to ensure accuracy. Ernst & Young has verified the performance return cashflows for Harrison Street's funds through December 31, 2023.

Returns are calculated in accordance with INREV guidelines, which provide a standardized framework for assessing performance. This ensures transparency and consistency in the calculation process.

Harrison Street thoroughly checks the calculated performance in-house as part of its multi-stage process. This additional layer of verification adds an extra layer of confidence in the accuracy of the results.

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Verifying employee emails can be a challenge, but it's a crucial step in maintaining professional communication. Christopher Merrill, the CEO of Harrison Street Real Estate Capital LLC, can be reached at [email protected].

Having the right contact information is essential for smooth communication. Christopher Merrill's email address is publicly available for those who need to reach out to him.

If you're trying to verify employee emails, start by looking for publicly available information. This can often be found through company websites or news articles.

Christopher Merrill's email address is a great example of how publicly available information can be useful. Knowing who to contact can save you time and effort in the long run.

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Harrison Street was founded in 2005 by Christopher Merrill, Christopher Galvin, and his brother Michael. They named the firm after the location where Motorola was founded, on Harrison Street.

Christopher Merrill, the firm's founder, had a background in real estate investing, having made bets on Central European real estate in the 1990s. He realized that noncyclical events made the best investment catalysts, allowing for higher risk-adjusted returns and protection from economic downturns.

Harrison Street's first fund, Harrison Real Estate Partners I, raised $75 million in 2006. The firm focused on investments in areas such as self-storage and student housing, which performed well during the 2007-2008 financial crisis.

Here are some key events in Harrison Street's history: