Chicago, IL, July 7, 2026 – Harrison Street Asset Management (“HSAM,” or the “Firm”), a leading global alternative investment management firm with over $109 billion in assets under management through highly differentiated assets across infrastructure, real estate and credit strategies, announced continued momentum across its senior housing development platform. In 2025, the Firm has closed or anticipates closing investments in 10 new development projects. Together, these projects represent approximately 1,600 units and more than $1.2 billion in total project costs.
The developments reflect HSAM’s continued focus on premium-quality senior housing communities in high-barrier, affluent markets with strong aging demographics, sourced through long-standing relationships and strategic partnerships with experienced operators. The projects span key growth markets across the West Coast, Pacific Northwest, and Mountain West, where limited new supply, strong household wealth, and growing senior populations are driving demand for high-quality senior housing.
Building on over two decades of senior housing development experience, HSAM has established one of the sector’s most active development platforms, having completed 109 development projects totaling approximately $6.6 billion in total project cost since inception. The firm also has an anticipated pipeline of $1.4 billion in additional developments expected to commence over the near term, reflecting continued confidence in the long-term fundamentals of the sector.
“Senior housing development remains a core pillar of our investment strategy, particularly in high-barrier markets where supply constraints and strong demand dynamics support attractive risk-adjusted performance,” said Mike Gordon, Global Chief Investment Officer – Real Estate at Harrison Street Asset Management. “These projects reflect our disciplined approach to capital deployment and our ability to execute developments where we believe we can generate durable cash flows and long-term value.”
“The favorable demographic backdrop for senior housing continues to strengthen, and we are seeing compelling development opportunities in markets where new supply has been slow to respond to growing demand,” said Rob Korslin, Co-Head of North America Transactions at Harrison Street Asset Management. “Our longstanding operator relationships allow us to source and structure transactions that we believe will deliver durable, long-term performance.”
“Our partnership with HSAM spans more than a decade and reflects a shared commitment to developing high-quality senior living communities in some of the nation’s most desirable markets,” said Patricia Will, Founder and CEO of Belmont Village Senior Living. “Since 2015, we have partnered on 14 communities, and HSAM’s deep experience and long-term commitment to the sector have helped make them a valued partner as we continue to meet growing demand for premium senior housing.”
These projects are being developed in partnership with some of the leading senior housing operators, including Belmont Village Senior Living, The Springs Living, Stellar Senior Living, and Oakmont Senior Living, among others.
HSAM is a leading investor in the senior housing sector, consistently ranking among the top five largest owners in the United States. Since inception, the firm has invested approximately $15.6 billion across 45,000 senior housing units and has completed more than $5.6 billion in sales across 180 properties. The firm’s leadership in senior housing is built on over two decades of experience and longstanding partnerships with operators and developers nationwide.
About Harrison Street Asset Management
Harrison Street Asset Management is a leading global alternative investment management firm with over $109 billion in assets under management through highly differentiated assets across real estate, infrastructure, and credit strategies. Headquartered in Chicago, Toronto and London with over 600 employees in offices across North America, Europe, Asia and the Middle East, the firm offers innovative solutions across a variety of closed-end, open-end and specialized vehicles on behalf of 1,100+ institutional and over 300+ Registered Investment Advisors.1
1 HSAM data and descriptions of HSAM’s business are generally comprised of the aggregated data and business activities of investment advisors that are owned in whole or in part by HSAM. Assets under management (“AUM”) reflects the AUM for the investment advisory and asset management clients of such investment advisors and is inclusive of the regulatory AUM of such investment advisors that is reported in their respective Form ADVs.
HSAM Media Contacts:
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