Harrison Street launches fourth opportunistic fund

Harrison Street Real Estate Capital (HSRE) has launched a fourth fund for its opportunistic Harrison Street Real Estate Partners fund series. The fund series specializes in the medical office, student housing, self-storage and senior housing/assisted living sectors.

Harrison Street Real Estate Partners IV has a $700 million fundraising goal, according to a filing with the Securities and Exchange Commission. A final close date was not disclosed.

The Harrison Street Real Estate Partners fund series started in 2006 with Harrison Street Real Estate Partners I, which closed in 2007 with approximately $208 million in equity commitments. Harrison Street Real Estate Partners II closed in 2008 with approximately $431 million in equity commitments, and Harrison Street Real Estate Partners III closed in 2011 with approximately $595 million in equity commitments.

Harrison Street Real Estate Capital also is