Transactions - JUNE 8, 2021

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Harrison Street purchases and sold assets for $1.6b

by Andrea Zander

Harrison Street has agreed to purchase 24 senior housing assets and sell 14 medical office properties across eight states, in deals with multiple sellers and counterparties, for a total transaction value of approximately $1.6 billion.

Christopher Merrill, Harrison Street’s co-founder, chairman and CEO, said, “This highly complex series of transactions, which includes 40 properties, multiple closings and numerous counterparties each with unique needs, reflects Harrison Street’s sector expertise, deep relationships and execution ability. We are excited by the opportunities that exist across each of our core sectors and to bring Harrison Street’s substantial resources to bear to support vital sectors of the economy and to drive value for our investors and partners.”

Harrison purchased a portfolio of 24 class A senior housing properties focused on assisted living and memory care consisting of 2,195 units across California and Nevada for approximately $1.2 billion

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