Harrison Street, an investment management firm exclusively focused on alternative real assets, has acquired a 286-unit multifamily property housing young professionals and students in Calgary, Alberta.
Known as ARIA, the six-story property was completed in 2021 and is in the University District, within walking distance of the University of Calgary and adjacent to the Alberta Children’s Hospital. It offers one-, two- and three-bedroom units as well as high-quality amenities, including a state-of-the-art gym, yoga studio, lounge, game room, event space, dog park, and outdoor space. The ground-level retail at the property is owned by University District Trust and includes a grocery store, liquor store, bank, and coffee shop.
Jonathan Turnbull, managing director and head of Canadian transactions for Harrison Street, said, “Consistent with our investment approach in the United States and Europe, we are excited to continue our strong momentum in Canada by partnering with
