Harrison Street acquires 279-bed student housing project in Montreal

Harrison Street has formed a joint venture with WerkLiv, a Montreal-based real estate development firm that focuses on cost-conscious student housing, to acquire Le Mildoré, a 279-bed purpose-built student accommodation (PBSA) project in Montreal.

The property, which was developed in August 2022 and is currently 99 percent occupied, represents Harrison Street’s entry into the attractive Montreal student housing market.

With a population of more than 1.7 million, Montreal is the second-largest city in Canada and the largest city in the province of Quebec. Downtown Montreal has seen 4.4 percent population growth during the past five years, the second fastest pace for all primary downtown areas in Canada over this period. Centrally located downtown, Le Mildoré stands in close proximity to Montreal’s two prominent universities — McGill University and Concordia University — which together encompass more than 80,000 full-time students.

Le Mildoré is one of