Harrison Street has continued expansion in Canada through two student housing transactions in British Columbia.
The transactions, which mark Harrison Street’s entry into the British Columbia student housing market, will provide needed accommodation in the region and further diversify the firm’s open-end Canadian Fund. Managers believe the fund has been the most active student housing investor in Canada in 2023, completing four property investments at leading Canadian universities.
The first new transaction is the development of a 283-bed student and young-professional property located near Simon Fraser University (SFU) within the Greater Vancouver Area. Simon Fraser University, which now has an enrolment of more than 37,350 students, is situated on top of Burnaby Mountain, with excellent transit access to downtown Vancouver, and is surrounded by parks and conservation areas.
The SFU property is expected to be completed in time for the 2026-2027 academic year
