Harrison Street’s Post

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