Harrison Street

Harrison Street is excited to announce the sale of eight premium senior living communities to investment funds managed by Morgan Stanley Investment Management. This portfolio consists of 1,186 units and boasts amenities such as restaurant-style dining, libraries, and fitness centers. "The portfolio's strong operational performance over time, combined with growing demand for senior living facilities, allowed us to capitalize on the opportunity to continue executing strategic portfolio sales at scale and providing liquidity for our investors at an opportune time,” said Ben Mohns, Head of Asset Management - North America at Harrison Street. “As the needs of our aging population continue to evolve, Harrison Street’s early mover advantage and industry expertise allow us to continue to identify, develop, and operate premier senior living communities in target markets.” Harrison Street is a leading investor in the senior housing sector, consistently ranking among the top five largest owners across the United States. Since inception, the firm has invested approximately $14.5 billion over 42,000 units in senior housing assets, and over $550 million in new senior housing assets this year. Read the full release here: https://lnkd.in/gGFZTgRj #HarrisonStreet #AlternativeRealAssets #SeniorHousing

Harrison Street, PowerHouse Data Centers (PowerHouse) and American Real Estate Partners (AREP) announced the sale of ABX-1, a 265,580 SF powered shell data center with 60 MW of power, located in Ashburn, Virginia. "This project reflects the strength of the Northern Virginia data center market, which has been the nation's fastest-growing data center market for the past five years,” said Michael Hochanadel, Managing Director and Head of Digital Assets for Harrison Street. “Since forming our joint venture with PowerHouse in 2021, we've successfully executed our strategy of developing flexible powered shell facilities in Northern Virginia that meet the exacting specifications of leading cloud providers and colocation users. We look forward to continuing this partnership and expanding our portfolio across Northern Virginia and other strategic U.S. markets where robust digital infrastructure is in high demand." Since 2018, Harrison Street has committed over $5.4 billion to powered shells, carrier hotels, colocation sites and dark fiber platforms. Over this time, the firm has expanded its relationships with dedicated operating partners and hyperscale users. The sale of ABX-1 continues to demonstrate the growing investor demand across alternative real estate sectors. Read the full announcement here: https://lnkd.in/euWGC_zX   #HarrisonStreet #AlternativeRealAssets #Digital #DataCenters

Harrison Street is honored to be recognized by Pensions & Investments as a “Best Place to Work in Money Management” for the tenth year. As we approach our 20th anniversary, we reflect on what principles our company was built on and remain committed to empowering our nearly 300 global employees through a dynamic work culture that embodies our values of teamwork, innovation, passion, integrity and excellence. “Our people are truly our greatest asset and the foundation of our success over the past 20 years, enabling us to serve as the best possible fiduciary for our investors,” said Stacy Nyenbrink, Chief People Officer at Harrison Street. “Being named one of the 'Best Places to Work in Money Management' by Pensions & Investments for the tenth year isn't just an accolade—it's a testament to our belief that exceptional client service starts with an extraordinary team. As we continue to expand globally and invite more talented individuals into our firm, we're proud to create a workplace that inspires innovation and champions personal growth.” Read the full announcement here: https://lnkd.in/gYbBrhNg   #HarrisonStreet #AlternativeRealAssets #BestPlacesToWork #CorporateCulture *The Best Places to Work award is for the 2024 calendar year. All applicants paid a submission fee. Awards were determined by a two-part survey conducted by employers and their US employees, and the combined scores determined the top companies. Additional information is available at www.pibestplacestowork.com

Harrison Street and LV Collective are proud to announce their joint venture in the development of two new housing communities near Purdue University and the University of Michigan. These new developments will consist of 856 units and 2,316 beds and will provide various amenities to its residents along with access to key locations on campus.   “As two of the preeminent, public higher education institutions in the US, Purdue University and the University of Michigan are both seeing significant enrollment growth, contributing to broader housing demand in their respective cities that cannot be addressed by the current residential housing supply. These dynamics, which are occurring at top universities across the country, represent an attractive and ongoing investment opportunity that Harrison Street continues to take advantage of on behalf of our investors,” said Justin Gronlie, Head of Education Transactions-North America at Harrison Street. “Through our industry-leading expertise, strong relationships with universities across the country and deep partnerships with leading operators, we are in the ideal position to address these critical market needs, and we look forward to working with LV to deliver these leading and much-needed housing facilities to Purdue and Michigan."   Harrison Street is a leader in the purpose-built student housing market and one of the largest private owners of student housing globally. Since inception, Harrison Street has invested over $22.5 billion across 410 properties, totaling more than 222,000 beds within the student housing sector throughout North America and Europe.  Read the full announcement here:https://lnkd.in/giXtTuvk   #HarrisonStreet #AlternativeRealAssets #LVCollective #StudentHousing

Harrison Street is thrilled to have sponsored the INREV Autumn Conference last week in Vienna, Austria! The conference's theme, “Redefining real estate: innovation, experience and transformation”, provided the ideal backdrop for thought provoking discussion around the challenges and opportunities facing European real estate markets. With a shared consensus of the exciting vintage opportunity presented, the room was full of measured optimism for 2025. #HarrisonStreet #EuropeanRealEstate #AlternativeRealAssets #INREV

Harrison Street recently held its Annual North American and European ESG Partner Conferences, bringing together approximately 60 operators and consultants from across our network. The event focused on fostering a collaborative platform for sharing ideas, reinforcing our belief that ESG initiatives gain momentum through collective engagement. The conference's goal was to drive sustainable practices across building design, development and operations. Read our key takeaways here: https://lnkd.in/gQd4jMi8 #HarrisonStreet #ESG #AlternativeRealAssets #MakingAnImpact

Harrison Street is honored to have won the Equity Fund Manager of the Year award at this year’s P3 Awards! We also received high commendation for three categories: Best Utilities Project - Harrison Street / Appalachian State University Innovation, Best Social Infrastructure Project - Harrison Street / Appalachian State University Innovation District and Best Education and Higher Education Project - Harrison Street / Appalachian State University Innovation District. “Harrison Street is recognized for its substantial contributions to P3s, demonstrating a firm commitment to the P3 model with over 40 agreements spanning a decade. The Firm’s innovative financing and comprehensive management strategies have propelled numerous projects, establishing it as a leader in the field. Its ability to handle complex, multi-asset P3 projects is notable, particularly in the education sector with impactful projects at ASU and Appalachian State. These projects not only stretch the boundaries of traditional P3s but also integrate sustainable, cutting-edge technologies that set new industry standards.” - 2024 P3 Awards Judging Panel. This award reflects Harrison Street and our partners’ dedication to transcend the boundaries of innovation within our sectors. We are appreciative of P3’s recognition and remain committed to driving valuable and lasting impacts for years to come. #HarrisonStreet #ESG #Infrastructure #MakingAnImpact #P3 #PublicPrivatePartnership #DistrictEnergy #NetZero * The P3 awards time period is October 1, 2023 – September 30, 2024. All applicants paid a submission fee, and awards were determined by a panel of industry professionals. See www.p3awards.com for additional information.

Harrison Street is proud to continue our journey alongside organizations dedicated to making a lasting, positive impact in the communities they touch. We value partnerships that go beyond business as usual — collaborations that are driven by purpose and a vision for long-term, sustainable change. In 2022, we launched the ESG Leader Awards to celebrate these exceptional partners who set the bar for impactful ESG practices. Each year, our partners’ energy and commitment have strengthened our collective mission to lead in responsible, values-driven growth. Today, we’re thrilled to announce the winners of the 2024 ESG Leader Awards. Congratulations to these visionary leaders! Senior Living ESG Leader Award: The Springs Living, LLC for prioritizing resident well-being through climate-resilient design, health and sustainability certifications, and impactful workforce and community development initiatives. Student Housing ESG Leader Award: Greystar for their comprehensive ESG strategy, which includes ambitious sustainability goals, diversity initiatives, and third-party certifications to foster trusted partnerships, responsible operations, and community impact. Life Sciences & Healthcare ESG Leader Award: NexCore Group for integrating sustainability with financial performance, demonstrated through data-driven ESG practices, ENERGY STAR certifications, stakeholder engagement, and maximizing local funding for green initiatives. Build-to-Rent: Presented to Moda for embedding ESG into community-focused development, with ambitious carbon targets, health certifications, gender pay equity goals, and social value initiatives that enhance local impact. #HarrisonStreet #AlternativeRealAssets #MakingAnImpact #ESGLeaderAwards #ESG

Today we pause to remember and honor all those who have made the ultimate sacrifice in service to our country. Their courage, commitment to duty and selflessness have protected the freedoms and values of what we hold dear. To our veterans, those who are currently serving, and their family members - thank you for your service and for making an indelible impact. #VeteransDay #Military #Service #MakingAnImpact

Harrison Street is excited to announce the successful sale of a nearly $900 Million U.S. student housing portfolio. The portfolio spans eight Harrison Street funds across 13 universities and 11 states throughout the U.S. and comprises over 8,700 beds located near leading universities including the University of Arkansas, Texas A&M and University of Missouri. “Dynamics such as demand for in-person learning after the pandemic have helped the student housing market," Ben Mohns, Harrison Street’s Head of Asset Management in North America said in a statement with Bloomberg. “The complexity of this portfolio disposition demonstrates not only the heightened demand for student housing, but also our extensive experience of acquiring and developing individual assets at leading universities, enhancing operational performance, and executing on portfolio sales at scale,” said Christopher Merrill, Harrison Street's Co-Founder, Chairman and CEO. “Harrison Street remains poised to capitalize on the growing demand for alternative real estate and deliver exceptional value to our investors.”    Read the full Bloomberg announcement here: https://lnkd.in/gk3KvETF    #HarrisonStreet #AlternativeRealAssets #StudentHousing