OCTOBER 24, 2013

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Harrison raises $748m for open-end fund

by Andrea Waitrovich

Harrison Street Real Estate Capital has raised $748 million for its open-end fund, Harrison Street Core Property Fund. Launched in late 2011, the fund is the firm's first core open-end fund dedicated exclusively to investing in specialty markets of student housing, senior housing, medical office and self-storage. Investors in the fund include U.S. and international pension plans.

Harrison Street Core Property’s assets include the Sterling Central Apartments near University Central Florida in Orlando and the Bon Secours St. Francis Watkins Center in Midlothian, Va. A recent transaction is The Bristal Senior Housing Portfolio, which comprises seven class A senior housing properties located throughout Nassau and Suffolk counties on Long Island in New York state. The sales price was $380 million.

Harrison Street has more than $5.5 billion in assets under management through commingled funds and pub

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