Harrison Street has successfully raised $2.5 billion, positioning itself to capitalize on undervalued assets. This achievement marks the final closure of the firm’s Harrison Street Real Estate Partners IX Fund, enhancing the company’s purchasing power to over $7 billion. A significant portion of the funding, approximately 60 percent, comes from existing investors in the fund series. New global institutions, including foundations, endowments, sovereign wealth funds, and various pension plans, are also backing the initiative.
The fund has already allocated 70 percent of the capital across 70 properties, diversifying its investment portfolio. For further details, view the original article on GlobeSt.