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Transactions - MAY 9, 2018

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Harrison Street partnership acquires student housing property at Duquesne University

by Jody Barhanovich

Duquesne University in Pittsburgh has finalized Radnor Property Group and Harrison Street Real Estate Capital’s acquisition of a student living property at the university. This is a new strategic partnership between the firms, which includes an agreement to modernize and renovate the property.

The redevelopment will include major renovations that are expected to be completed in four summers beginning in 2018 and will serve Duquesne students for decades to come. When completed, Brottier Hall will offer a variety of enhancements. Apartment upgrades will include new flooring and finishes; bathroom plumbing and electrical fixtures; vanities and bathtubs; kitchen cabinets, countertops and appliances; and new windows throughout the building, among other improvements.

Radnor will undertake development management responsibilities and, along with Harrison Street, will provide equity capital for the venture. Harrison Street is a Chicago-based real estate investment managemen

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