APRIL 18, 2014

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Harrison’s open-end fund continues to redefine “core”

by Reg Clodfelter

The only fund of its type, the Harrison Street Core Property Fund, managed by Harrison Street Real Estate Capital, is an open-end fund that gets core-grade risk and returns by targeting stabilized, income-producing properties in the student housing, senior housing, medical office and self-storage segments.

Most core funds only focus on office, retail, industrial and multifamily properties, often called the four food groups.

“Yes, there are some investors that only view core properties as office, industrial, retail and multifamily,” says Christopher Merrill, co-founder and CEO with Harrison. “But there was a time when multifamily wasn’t even considered core, and I think what you’re seeing now is more of an understanding that, as the market has grown, more segments are able to offer the strong fundamentals needed for core investment.”

Our sources tell us that the core fun

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