Harrison Street Real Estate Capital announced its final close for its fifth opportunistic fund, Harrison Street Real Estate Partners V, exceeding its $750 million original equity target and reaching its $850 million hard cap goal, according to the Institutional Real Estate Newsline.
Fund V will invest in student housing, senior housing, medical office/healthcare properties and self-storage properties largely on a single-asset acquisition or development basis. In addition, the firm simultaneously raised a $160 million Fund V Co-Investment vehicle, bringing the total capital raised for the opportunistic strategy to more than $1.0 billion. It has a $3.5 billion in purchasing power for real estate in the education, healthcare and storage sectors.
From first close to final close, the firm raised this amount in three months.
