Senior Housing News October 7, 2024
Harrison Street has announced the final close of its new Harrison Street Real Estate Partners IX, L.P. fund, with more than $2.5 billion in capital commitments raised.
The fund, which Harrison Street noted has more than $7 billion in buying power all told, will target a variety of product types, which includes student housing, senior housing and data centers among its largest targets.
The rest of the fund will “focus primarily on acquiring well-located but underperforming assets, as well as those with strained capital structures in need of liquidity, offering distressed pricing,” according to a press release about the move.
Harrison Street is undertaking the fund in part to address what it sees as “historically low levels of new supply...
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