Fundraising - FEBRUARY 28, 2017

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Harrison Street raises $700m for real estate fund

by Jody Barhanovich

Harrison Street Real Estate Capital has raised $700 million in equity commitments for Harrison Street Real Estate Partners VI, with the help of its sidecar fund, Harrison Street Real Estate Partners VI-A, according to filings with the SEC. The firm did not comment on its fundraising efforts.

The closed-end fund started fundraising approximately three to four months ago and follows an opportunistic strategy. It will invest in medical office, self-storage, and senior and student housing properties throughout the United States. The firm hopes to raise $850 million in equity commitments for the fund.

The fund previously received $50 million from the $16.5 billion Illinois State Board of Investment and $75 million from the $14.3 billion Public Employees Retirement Association of New Mexico.

Harrison Street has raised more than $8.1 billion in discretionary capital from U.S. and foreign pension funds, corporate plans, insurance companies, endowments, foundations, fam

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