September 2016Secrets of My Succession
The president and chief executive of Chicago-based private equity real estate firm Harrison Street Real Estate Capital is only in his mid-40s, but already he has been thinking about succession planning.
August 2016New Mexico PERA backs Harrison Street
Public Employees Retirement Association of New Mexico is investing $75m (€67m) in Harrison Street Real Estate Partners VI fund.
A joint venture between the Sanders Trust of Birmingham, Ala., and private equity firm Harrison Street Real Estate Capital paid $111.5 million this week to buy three inpatient rehabilitation hospitals in Texas.
Come fall 2018, locals in Chicago’s Lincoln Park neighborhood may start doing double takes when passing Belmont Village Senior Living’s new community. That’s because the soon-to-be built, 160-bed Belmont Village Lincoln Park community will very closely resemble a historic building they have seen before.
The past two quarters were monumental for student housing. In the first quarter of 2016, a record $2.6 billion in capital poured into the sector, marking the largest single-quarter investment since 2006.
The Texas Municipal Retirement System is to invest $600m (€544.5m) in real estate over the next three years. Funds could be a mixture of core, value-add or opportunistic strategies across a variety of property types.
A venture of Harrison Street Real Estate Capital bought a building on the former Children's Memorial Hospital campus, where it plans a new senior housing facility as part of a larger redevelopment of the six-acre site in Lincoln Park.
The notion that investors from all over the globe are looking to gain exposure to real estate plays out in PERE's annual private equity real estate capital raising ranking - the PERE 50.
The Hog Butcher for the World has picked up a new title: Landlord to the American College Student. A pair of Chicago firms - Harrison Street and Scion Group - have climbed to the top of the U.S. student housing market.
Christopher Merrill discusses Harrison Street's asset classes with Bloomberg's TV Vonnie Quinn.