Harrison Street Raises $2.5B for Eighth Opportunistic Real Estate Fund
Harrison Street has announced the final close of the firm’s eighth US opportunistic real estate fund, Harrison Street Real Estate Partners VIII, L.P. at the fund’s hard cap of $2 billion, exceeding its $1.5 billion target.
Harrison Street raised an additional $510 million in co-investment vehicles to invest alongside Fund VIII for a total of $2.5 billion of equity raised and total buying capacity of over $8 billion. The fund received support from current Harrison Street investors, making up 75% of the commitments, as well as new institutional investors from around the globe.
Fund VIII builds on Harrison Street’s opportunistic fund series, which generate value through acquisition, development, and repositioning of assets in partnership with experienced operating partners.
The first half of 2021 was one of the most active periods in the firm’s history, it said.